Carl, Chiarella; Corrado, Di Guilmi - In: Studies in Nonlinear Dynamics & Econometrics 19 (2015) 2, pp. 137-159
This paper reconsiders the popular Brock and Hommes [Brock, W. A., and C. H. Hommes. 1997. “A Rational Route to Randomness.” Econometrica 65: 1059–1096.] framework for the study of the evolution of agents’ choices when different behavioural strategies are available. In particular, we...