Adaptive and evolutionary mathematical models in economics
نویسنده
چکیده
This paper provides a short overview of dynamic models, denoted as adaptive or evolutive, recently adopted in economics and social sciences to describe systems with heterogeneous and boundedly rational agents. Some simple mathematical formalizations are shown, and a comparison between this kind of emerging literature and the orthodox main stream paradigm based on the assumption of fully rational and fully informed agents is discussed.
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