Eductive stability may not imply evolutionary stability in the presence of information costs

DOI10.1016/J.ECONLET.2019.06.019MaRDI QIDQ2292720zbMATH OpenOpenAlexWikidataFDO

Authors Marina Pireddu, Ahmad K. Naimzada

Publication date 5 February 2020

Published in Economics Letters (Search for Journal in Brave)

Full work available at URL http://repec.dems.unimib.it/repec/pdf/mibwpaper406.pdf

zbMATH Keywords

double stability thresholdeductive stabilityevolutionary learningheterogeneous agentsinformation costsMuthian cobweb model

Mathematics Subject Classification ID

Microeconomic theory (price theory and economic markets) (91B24) Economics of information (91B44)

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Cites work

• A dynamic analysis of moving average rules
• A Rational Route to Randomness
• Anchoring Economic Predictions in Common Knowledge
• Eductive stability may not imply evolutionary stability in the presence of information costs

Cited in

(6)

• Eductive stability may not imply evolutionary stability in the presence of information costs
• Perception of Fundamental Values and Financial Market Dynamics: Mathematical Insights from a 2D Piecewise Linear Map
• Adaptively adjusted beliefs about prices in an evolutive Muthian cobweb model
• Eductive stability, heterogeneous information costs and period-two cycle multiplicity
• Bifurcation analysis and complex dynamics of a Kopel triopoly model
• Rational expectations and differentiated information costs for heterogeneous fundamentalists in an evolutive Muthian cobweb model

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