This paper argues that the development of a general statistical approach to quantitative evolutionary economics has for a long time been needed, that a limited form of this approach in to some extent already available in the practices of evolutionary economists, and that it is now possible to state it in a systematic form. The approach is called general evometrics, and it reached a relative sta...

On the occasion of centenary birth Chris Freeman, this paper presents an overview and analyzes his concept economic evolution other contributions to field economics. Freeman was one leading economists in evolutionary economics during second half twentieth century. Together with Richard Nelson Sidney Winter, as well a number scholars, he contributed establishing developing research program which...

This technical report describes first experiences in applying evolutionary game theory to a case of smart grid coordination. The use of evolutionary game theory to model population dynamics has been e↵ectively used in domains such as biology and economics but applications to cases of smart grid coordination have not been widespread. In this work, we explicitly model a population consisting of c...

This chapter sketches a strategic map of a selection of the relevant issues at the intersection of economics, psychology, sociology, and evolutionary theories applied to strategic management. It takes an evolutionary complexity perspective, based on a (manageable) selection of the relevant literature. The discussion focuses on evolutionary processes of change and their implications for strategi...

The core theory of behavior in economics, which structures inquiry and provides a framework for empirical analysis, is largely responsible for the success of the discipline. Behavioral economics (BE) challenges this theory but has failed to provide a coherent alternative. Consequently the influence of BE has been limited. In what follows we argue that evolutionary psychology (EP), suitably adap...

What is a "rational" decision? Economists traditionally viewed rationality as maximizing expected satisfaction. This view has been useful in modeling basic microeconomic concepts, but falls short in accounting for many everyday human decisions. It leaves unanswered why some things reliably make people more satisfied than others, and why people frequently act to make others happy at a cost to th...

ConceptualizationTesting ImplicationsConcrete ExperienceThinking FeelingDoingWatchingActivePassive AbstractConcrete Figure 5: Kolb’s Model of Experiential Learning

In this introductory piece, we take stock of the impact of Cyert and March’s A Behavioral Theory of the Firm, describe current research trends in the behavioral tradition, and introduce the special issue’s papers. A Behavioral Theory of the Firm is one of the most influential management books of all time. In the book, Cyert and March developed theoretical building blocks that became the foundat...

Research spanning psychology and economics has convincingly demonstrated that individuals' preferences deviate substantially from the traditional economic assumption of selfinterest, and have pro-social components. The evolution and persistence of pro-social preferences can be justified by theories of group selection in evolutionary biology. I argue that a fuller analysis requires spanning soci...