nep-evo New Economics Papers
on Evolutionary Economics
Issue of 2008‒02‒23
two papers chosen by
Matthew Baker
City University of New York

  1. Co-evolution of capabilities and preferences in the adoption of new technologies By Consoli, Davide
  2. Edgar Allen Poe's Riddle: Do Guessers Outperform Misleaders in a Repeated Matching Pennies Game? By Kfir Eliaz; Ariel Rubinstein

  1. By: Consoli, Davide
    Abstract: The objective of this paper is to propose a multidisciplinary approach for the analysis of demand and innovation. It combines insights from studies on technology diffusion, evolutionary economics and cognitive psychology to argue that consumption and demand are learning processes driven by trial-and-error, rather than by ex-ante maximization. The paper presents a heuristic synthesis to incorporate learning processes in the determination of consumption preferences and capabilities. The case of banking service innovation in the UK is presented as an illustrative example of the outlined dynamics.
    Keywords: Demand; Innovation; Technology Adoption; Learning
    JEL: D12 D83 O33
    Date: 2008–02–15
  2. By: Kfir Eliaz; Ariel Rubinstein
    Date: 2008–02–18

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