Innovate or Imitate? Behavioural technological change

Imitate or innovate? Children’s innovation is influenced by the efficacy of observed behaviour

This study investigated the age at which children judge it futile to imitate unreliable information, in the form of a visibly ineffective demonstrated solution, and deviate to produce novel solutions ('innovations'). Children aged 4-9 years were presented with a novel puzzle box, the Multiple-Methods Box (MMB), which offered multiple innovation opportunities to extract a reward using different ...

Imitate or innovate: competition of strategy updating attitudes in spatial social dilemma games

Evolution is based on the assumption that competing players update their strategies to increase their individual payoffs. However, while the applied updating method can be different, most of previous works proposed uniform models where players use identical way to revise their strategies. In this work we explore how imitation-based or learning attitude and innovation-based or myopic best respon...

Imitate or Differentiate ?

Although there is $2 trillion in portfolios using socially responsible investing (SRI) criteria, it remains unclear how to measure “social responsibility.” We explore competing theoretical perspectives that explain the level of convergent and predictive validity across SRI ratings produced by competing social raters. While some prior literature predicts low convergent validity due to desire for...

Technological Change and Technological Strategy

What Drives the Skill Premium: Technological Change or Demographic Variation?

This paper quantitatively examines the e¤ects of two exogenous driving forces, investment-speci…c technological change (ISTC) and the demographic change known as “the baby boom and the baby bust,”on the evolution of the skill premium in the postwar U.S. economy. I develop an overlapping generations general equilibrium model with endogenous discrete schooling choice. The production technology fe...