Exploration, exploitation and adaptive rationality: the neo-Schumpeterian perspective

DOI10.1016/S1569-190X(02)00084-9MaRDI QIDQ4800745zbMATH OpenOpenAlexFDO

Authors Jeho Lee, Young U. Ryu

Publication date 3 April 2003

Published in Simulation Modelling Practice and Theory (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/s1569-190x(02)00084-9

zbMATH Keywords

EvolutionInnovationSchumpeterian competitionExploration and exploitation

Mathematics Subject Classification ID

Computing methodologies and applications (68U99)

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(1)

• Unfazed by both the bull and bear: strategic exploration in dynamic environments

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