An Evolutionary Approach to Product Growth Theory

An Approach to Reducing Overfitting in FCM with Evolutionary Optimization

Fuzzy clustering methods are conveniently employed in constructing a fuzzy model of a system, but they need to tune some parameters. In this research, FCM is chosen for fuzzy clustering. Parameters such as the number of clusters and the value of fuzzifier significantly influence the extent of generalization of the fuzzy model. These two parameters require tuning to reduce the overfitting in the...

www.econstor.eu An Evolutionary Approach to the Theory of Entrepreneurship

An Evolutionary Game Theory Approach to Rational Expectations

Multiple martingale, or bubble, solutions exist when expectations about future values of endogenous variables enter a model under rational expectations. Such solutions reproduce bubble behavior, as seen in asset markets for example, and have implications about the nature of rational expectations in many contexts. Economists often select a unique rational expectations solution from the class of ...

An Evolutionary Approach to the Theory of Entrepreneurship

The building blocks of our model are bounded-rational actors with specific sets of endowments: ’entrepreneurial spirit’, human capital and venture capital. The entrepreneurial behavior to found a firm is triggered by the individuals’ endowments, their social network and the evaluation of the economic situation. Bandwagon effects occur when high growth rates in emerging markets increase firm ent...

Development Trajectories: An Evolutionary Approach to Integrating Governance and Growth