History Matters: Modelling Path Dependence on a Spreadsheet

This paper explores methods of simulating Polya Urn Models using a spreadsheet. The Polya Urn model provides a statistical model of path dependent behaviour where the final equilibrium is determined by random chance or historical accident.

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Year of publication:	2006
Authors:	Hand, Chris
Published in:	Computers in Higher Education Economics Review. - Economics Network, University of Bristol. - Vol. 18.2006, 1, p. 19-24
Publisher:	Economics Network, University of Bristol

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Extent:	application/pdf
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005700651