Introduction to the evolution of preferences

Article Abstract:

Issues are presented concerning the use and composition of normal-form games. The commitments which have to be made by the game's players and the development of an indirect evolutionary approach are discussed.

Methods, Usage, Economic methods, Games

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Analogies, adaptation, and anomalies

Article Abstract:

Research is presented concerning the techniques used by decision makers in their response to strategic interaction. The use of equilibrium models to balance the cost of increasing demands against the benefits gained is discussed.

Models, Economic research, Negotiation, Negotiations

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A dynamic model of equilibrium selection in signaling markets

Article Abstract:

A dynamic model of equilibrium, patterned after Spence's model, was designed to introduce two new recurrent sets of dynamic processes. Riley equilibria provide sellers with a selection of payoffs among separating equilibria, and Hellwig contains states wherein sellers use the signal that optimizes the high-quality utility. The model also adopts Spence's notion of initiating perturbations into the resulting dynamic prpcess. Evaluating pooling and separating equilibria are also found to require different refinement criteria.

Analysis, Markets (Economics)

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