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Persistent link: https://www.econbiz.de/10002745637
Evolutionary theory predicts that animal decision makers should be rational, meaning that they consistently choose fitness-maximizing options. Despite this, violations of rationality have been found repeatedly in humans and other animals. The significance of these violations remains...
Persistent link: https://www.econbiz.de/10009148607
"Markets can show different types of dynamics, from quiet markets dominated by one or few products, to markets with constant penetration of new and reintroduced products. This paper explores the dynamics of markets from a psychological perspective using a multi-agent simulation model. The...
Persistent link: https://www.econbiz.de/10009468364
"The governance of common-pool resources can be meaningfully examined from the somewhat broader perspective of the governance of social-ecological systems (SESs). Governance of SESs invariably involves trade-offs; trade-offs between different stakeholder objectives, trade-offs between risk and...
Persistent link: https://www.econbiz.de/10009468372
"What makes social-ecological systems robust? In this paper we look at the institutional configurations that affect the interactions among resources, resource users, public infrastructure providers, and public infrastructures. We propose a framework that helps to identify potential...
Persistent link: https://www.econbiz.de/10009468396
"Social-ecological systems are complex adaptive systems where social and biophysical agents are interacting at multiple temporal and spatial scales. The main challenge for the study of governance of social-ecological systems is improving our understanding of the conditions under which...
Persistent link: https://www.econbiz.de/10009468444
"Markets can show different types of dynamics, from quiet markets dominated by one or a few products, to markets with continual penetration of new and reintroduced products. In a previous article we explored the dynamics of markets from a psychological perspective using a multi-agent simulation...
Persistent link: https://www.econbiz.de/10009468497
Persistent link: https://www.econbiz.de/10005508562
This paper presents a model-based analysis of the introduction of green products, which are products with low environmental impacts. Both consumers and firms are simulated as populations of agents who differ in their behavioural characteristics. Model experiments illustrate the influence of...
Persistent link: https://www.econbiz.de/10005396156
Persistent link: https://www.econbiz.de/10005453288