Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/22086 
Year of Publication: 
2004
Series/Report no.: 
Tübinger Diskussionsbeiträge No. 282
Publisher: 
Eberhard Karls Universität Tübingen, Wirtschaftswissenschaftliche Fakultät, Tübingen
Abstract: 
Traditional game theory usually relies on commonly known decision rationality meaning that choices are made in view of their consequences (the shadow of the future). Evolutionary game theory, however, denies any cognitive deliberation by assuming that choice behavior evolves due to its past success (the shadow of the past) as typical in evolutionary biology. Indirect evolution does not consider the two opposite approaches as mutually exclusive but allows to combine them in various ways (Berninghaus et al., 2003). Here we provide a simple application allowing any linear combination of rational deliberation and path dependence, i.e. of the two "shadows".
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

Files in This Item:
File
Size
102.14 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.