When is rational behavior consistent with rules of thumb? A link between evolutionary terminology and neoclassical methodology

DOI10.1016/S0304-4068(97)00031-1zbMath0961.91031OpenAlexW1978522633WikidataQ126589594 ScholiaQ126589594MaRDI QIDQ1304446

Matthias Blonski

Publication date: 7 June 2001

Published in: Journal of Mathematical Economics (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/s0304-4068(97)00031-1

zbMATH Keywords

Markov processesstochastic gamesrationalityindustry dynamicseconomic models

Mathematics Subject Classification ID

Continuous-time Markov processes on general state spaces (60J25) Macroeconomic theory (monetary models, models of taxation) (91B64) Stochastic games, stochastic differential games (91A15) Rationality and learning in game theory (91A26)

Cites Work

• Markov-Perfect Industry Dynamics: A Framework for Empirical Work
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