This article discusses some of the fundamental flaws in game theory and discusses agent based modelling as a successor to model social emergence. Axelrod (1984) made a major contribution to Game Theory in his book “Evolution of Cooperation” but thirteen years later he, dissatisfied with game theory, moves onto agent based modelling to rework his view of cooperation in his book in 1997 “The complexity of Cooperation: Agent-based Models of Competition and Collaboration”. In a similar move, the Santa Fe Institute in the US was established in...
Comparing the role of government in self-control problems from behavioural and neoclassical economic perspectives
This post has moved to http://williampaulbell.wordpress.com/2009/09/12/comparing-the-role-of-government-in-self-control-problems-from-behavioural-and-neoclassical-economic-perspectives/ <About> <Portfolio> <Academia> <LinkedIn> <Twitter> <Blog> Member of the World Economics Association – promoting ethics, openness, diversity of thought and democracy within the economics profession
This post has moved to http://williampaulbell.wordpress.com/2009/08/29/the-g8-protests-and-the-logically-inconsistent-foundations-of-neoclassical-economics/ <About> <Portfolio> <Academia> <LinkedIn> <Twitter> <Blog> Member of the World Economics Association – promoting ethics, openness, diversity of thought and democracy within the economics profession