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Evolutionary Thinking in Microeconomic Models: Prestige Bias and Market Bubbles
Evolutionary models broadly support a number of social learning strategies likely important in economic behavior. Using a simple model of price dynamics, I show how prestige bias, or copying of famed (and likely successful) individuals, influences price equilibria and investor disposition in a way t...
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| Formato: | Online Artículo Texto |
| Lenguaje: | English |
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Public Library of Science
2013
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| Acceso en línea: | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC3609813/ https://www.ncbi.nlm.nih.gov/pubmed/23544100 http://dx.doi.org/10.1371/journal.pone.0059805 |