Evolution and market behavior in economics and finance: introduction to the special issue
Author
Abstract
Suggested Citation
DOI: 10.1007/s00191-013-0316-6
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Giovanni Dosi & Richard R. Nelson, 2000.
"An Introduction to Evolutionary Theories in Economics,"
Chapters, in: Innovation, Organization and Economic Dynamics, chapter 11, pages 327-346,
Edward Elgar Publishing.
- Dosi, Giovanni & Nelson, Richard R, 1994. "An Introduction to Evolutionary Theories in Economics," Journal of Evolutionary Economics, Springer, vol. 4(3), pages 153-172, September.
- Sydney Winter & Giovanni Dosi, 2000. "Interpreting Economic Change: Evolution, Structures and Games," LEM Papers Series 2000/08, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
- Mikhail Anufriev & Cars Hommes & Raoul Philipse, 2013.
"Evolutionary selection of expectations in positive and negative feedback markets,"
Journal of Evolutionary Economics, Springer, vol. 23(3), pages 663-688, July.
- Anufriev, M. & Hommes, C.H. & Philipse, R., 2010. "Evolutionary Selection of Expectations in Positive and Negative Feedback Markets," CeNDEF Working Papers 10-05, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance.
- Armen A. Alchian, 1950. "Uncertainty, Evolution, and Economic Theory," Journal of Political Economy, University of Chicago Press, vol. 58(3), pages 211-211.
- Sidney Winter & Yuri Kaniovski & Giovanni Dosi, 2003.
"A baseline model of industry evolution,"
Journal of Evolutionary Economics, Springer, vol. 13(4), pages 355-383, October.
- S.G. Winter & Y.M. Kaniovski & G. Dosi, 1997. "A Baseline Model of Industry Evolution," Working Papers ir97013, International Institute for Applied Systems Analysis.
- Sidney G. Winter & Yuri M. Kaniovski & Giovanni Dosi, 2003. "A Baseline Model of Industry Evolution," LEM Papers Series 2003/12, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
- Giulio Bottazzi & Pietro Dindo, 2013.
"Selection in asset markets: the good, the bad, and the unknown,"
Journal of Evolutionary Economics, Springer, vol. 23(3), pages 641-661, July.
- Giulio Bottazzi & Pietro Dindo, 2011. "Selection in asset markets: the good, the bad, and the unknown," LEM Papers Series 2011/11, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
- Florian Hauser & Bob Kaempff, 2013. "Evolution of trading strategies in a market with heterogeneously informed agents," Journal of Evolutionary Economics, Springer, vol. 23(3), pages 575-607, July.
- Arifovic, Jasmina & Ledyard, John, 2011. "A behavioral model for mechanism design: Individual evolutionary learning," Journal of Economic Behavior & Organization, Elsevier, vol. 78(3), pages 374-395, May.
- Shira Fano & Marco LiCalzi & Paolo Pellizzari, 2013.
"Convergence of outcomes and evolution of strategic behavior in double auctions,"
Journal of Evolutionary Economics, Springer, vol. 23(3), pages 513-538, July.
- Shira Fano & Marco Li Calzi & Paolo Pellizzari, 2010. "Convergence of outcomes and evolution of strategic behavior in double auctions," Working Papers 196, Department of Applied Mathematics, Università Ca' Foscari Venezia.
- Sidney G. Winter, 1971. "Satisficing, Selection, and the Innovating Remnant," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 85(2), pages 237-261.
- Heemeijer, Peter & Hommes, Cars & Sonnemans, Joep & Tuinstra, Jan, 2009.
"Price stability and volatility in markets with positive and negative expectations feedback: An experimental investigation,"
Journal of Economic Dynamics and Control, Elsevier, vol. 33(5), pages 1052-1072, May.
- Heemeijer, P. & Hommes, C.H. & Sonnemans, J. & Tuinstra, J., 2006. "Price Stability and Volatility in Markets with Positive and Negative Expectations Feedback: An Experimental Investigation," CeNDEF Working Papers 06-05, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance.
- Richard R. Nelson & Sidney G. Winter, 2002. "Evolutionary Theorizing in Economics," Journal of Economic Perspectives, American Economic Association, vol. 16(2), pages 23-46, Spring.
- Carl Chiarella & Roberto Dieci & Xue-Zhong He, 2013.
"Time-varying beta: a boundedly rational equilibrium approach,"
Journal of Evolutionary Economics, Springer, vol. 23(3), pages 609-639, July.
- Carl Chiarella & Roberto Dieci & Xue-Zhong He, 2010. "Time-Varying Beta: A Boundedly Rational Equilibrium Approach," Research Paper Series 275, Quantitative Finance Research Centre, University of Technology, Sydney.
- Blume, Lawrence & Easley, David, 1992. "Evolution and market behavior," Journal of Economic Theory, Elsevier, vol. 58(1), pages 9-40, October.
- Ulrich Witt, 2008. "What is specific about evolutionary economics?," Journal of Evolutionary Economics, Springer, vol. 18(5), pages 547-575, October.
- John Metcalfe, 2008. "Accounting for economic evolution: Fitness and the population method," Journal of Bioeconomics, Springer, vol. 10(1), pages 23-49, April.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Evstigneev, Igor & Hens, Thorsten & Potapova, Valeriya & Schenk-Hoppé, Klaus R., 2020.
"Behavioral equilibrium and evolutionary dynamics in asset markets,"
Journal of Mathematical Economics, Elsevier, vol. 91(C), pages 121-135.
- Igor V. Evstigneev & Thorsten Hens & Valeriya Potapova & Klaus Reiner Schenk-Hoppé, 2020. "Behavioral Equilibrium and Evolutionary Dynamics in Asset Markets," Swiss Finance Institute Research Paper Series 20-19, Swiss Finance Institute.
- Sergei Belkov & Igor V. Evstigneev & Thorsten Hens, 2020. "An evolutionary finance model with a risk-free asset," Annals of Finance, Springer, vol. 16(4), pages 593-607, December.
- I. V. Evstigneev & T. Hens & M. J. Vanaei, 2023. "Evolutionary finance: a model with endogenous asset payoffs," Journal of Bioeconomics, Springer, vol. 25(2), pages 117-143, August.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Thomas Holtfort, 2019. "From standard to evolutionary finance: a literature survey," Management Review Quarterly, Springer, vol. 69(2), pages 207-232, June.
- Dosi, Giovanni & Nelson, Richard R., 2010.
"Technical Change and Industrial Dynamics as Evolutionary Processes,"
Handbook of the Economics of Innovation, in: Bronwyn H. Hall & Nathan Rosenberg (ed.), Handbook of the Economics of Innovation, edition 1, volume 1, chapter 0, pages 51-127,
Elsevier.
- Giovanni Dosi & Richard R. Nelson, 2009. "Technical Change and Industrial Dynamics as Evolutionary Processes," LEM Papers Series 2009/07, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
- Kaldasch, Joachim, 2014. "Evolutionary Model of Moore’s Law," MPRA Paper 54397, University Library of Munich, Germany.
- Blume, Lawrence E. & Easley, David, 2002.
"Optimality and Natural Selection in Markets,"
Journal of Economic Theory, Elsevier, vol. 107(1), pages 95-135, November.
- Lawrence E. Blume & David Easley, 1997. "Optimality and Natural Selection in Markets," GE, Growth, Math methods 9712003, University Library of Munich, Germany, revised 09 Jul 1998.
- Lawrence E. Blume & David Easley, 1998. "Optimality and Natural Selection in Markets," Working Papers 98-09-082, Santa Fe Institute.
- Jerker Denrell & Chengwei Liu & Gaël Mens, 2017. "When More Selection Is Worse," Strategy Science, INFORMS, vol. 2(1), pages 39-63, March.
- Brendan Markey-Towler, 2018. "A formal psychological theory for evolutionary economics," Journal of Evolutionary Economics, Springer, vol. 28(4), pages 691-725, September.
- Andrea Antico & Giulio Bottazzi & Daniele Giachini, 2022. "On the evolutionary stability of the sentiment investor," LEM Papers Series 2022/09, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
- I. V. Evstigneev & T. Hens & M. J. Vanaei, 2023. "Evolutionary finance: a model with endogenous asset payoffs," Journal of Bioeconomics, Springer, vol. 25(2), pages 117-143, August.
- Cooper, Kristen B. & Schneider, Henry S. & Waldman, Michael, 2017. "Limited rationality and the strategic environment: Further theory and experimental evidence," Games and Economic Behavior, Elsevier, vol. 106(C), pages 188-208.
- Geoffrey M. Hodgson & Juha-Antti Lamberg, 2018. "The past and future of evolutionary economics: some reflections based on new bibliometric evidence," Evolutionary and Institutional Economics Review, Springer, vol. 15(1), pages 167-187, June.
- Bottazzi, Giulio & Dindo, Pietro, 2014.
"Evolution and market behavior with endogenous investment rules,"
Journal of Economic Dynamics and Control, Elsevier, vol. 48(C), pages 121-146.
- Giulio Bottazzi & Pietro Dindo, 2010. "Evolution and market behavior with endogenous investment rules," LEM Papers Series 2010/20, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
- Fulvio Castellacci, 2007.
"Evolutionary And New Growth Theories. Are They Converging?,"
Journal of Economic Surveys, Wiley Blackwell, vol. 21(3), pages 585-627, July.
- Castellacci, Fulvio, 2006. "Evolutionary and new growth theories: are they converging?," MPRA Paper 27602, University Library of Munich, Germany.
- Fritz Rahmeyer, 2010. "A Neo-Darwinian Foundation of Evolutionary Economics. With an Application to the Theory of the Firm," Discussion Paper Series 309, Universitaet Augsburg, Institute for Economics.
- Geoffrey Hodgson & Kainan Huang, 2012. "Evolutionary game theory and evolutionary economics: are they different species?," Journal of Evolutionary Economics, Springer, vol. 22(2), pages 345-366, April.
- Ulrich Witt, 2013. "The Future of Evolutionary Economics: Why Modalities Matter," Papers on Economics and Evolution 2013-09, Philipps University Marburg, Department of Geography.
- Daniele Giachini, 2021. "Rationality and asset prices under belief heterogeneity," Journal of Evolutionary Economics, Springer, vol. 31(1), pages 207-233, January.
- Lyons, Benjamin Frederick & Levin, Michael, 2024. "Cognitive Glues Are Shared Models of Relative Scarcities: The Economics of Collective Intelligence," OSF Preprints 3fdya, Center for Open Science.
- Erik Stam & Roy Thurik & Peter van der Zwan, 2010.
"Entrepreneurial exit in real and imagined markets,"
Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 19(4), pages 1109-1139, August.
- Roy Thurik & F. Stam & Peter van der Zwan, 2007. "Entrepreneurial exit in real and imagined markets," Scales Research Reports H200720, EIM Business and Policy Research.
- Erik Stam & Roy Thurik & Peter van der Zwan, 2008. "Entrepreneurial Exit in Real and Imagined Markets," Tinbergen Institute Discussion Papers 08-031/3, Tinbergen Institute, revised 07 Dec 2009.
- Dindo, Pietro & Massari, Filippo, 2020.
"The wisdom of the crowd in dynamic economies,"
Theoretical Economics, Econometric Society, vol. 15(4), November.
- Pietro Dindo & Filippo Massari, 2017. "The Wisdom of the Crowd in Dynamic Economies," Working Papers 2017:17, Department of Economics, University of Venice "Ca' Foscari", revised 2018.
- Makarewicz, Tomasz, 2021. "Traders, forecasters and financial instability: A model of individual learning of anchor-and-adjustment heuristics," Journal of Economic Behavior & Organization, Elsevier, vol. 190(C), pages 626-673.
Corrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:joevec:v:23:y:2013:i:3:p:507-512. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.