Training and labor poaching in the U.S : a dynamical model of collective action This article presents a dynamical model of collective action which provides a framework for studying whether the American economy may ever spontaneously shift towards a high-training equilibrium in the absence of any...

[eng] Training and labor poaching in the U.S : a dynamical model of collective action. . This article presents a dynamical model of collective action which provides a framework for studying whether the American economy may ever spontaneously shift towards a high-training equilibrium in the...

Recent developments in the global liberalization of equity and currency markets, coupled to advances in trading technologies, are making markets increasingly interdependent. This increased fluidity raises questions about the stability of the international financial system. In this paper, we show...

We elucidated the dynamics of ongoing collective action among intentional agents with diverse beliefs and imperfect information. Their decisions on whether or not to contribute to the collective good depend not only on the past but also on their expectations as to how their actions will affect...

We seek to isolate in the laboratory factors that encourage and discourage the sunk cost fallacy. Subjects play a computer game in which they decide whether to keep digging for treasure on an island or to sink a cost (which will turn out to be either high or low) to move to another island. The...

We analyze the problem that enterprises face when having to decide on the most effective way to advertise several items belonging to their inventories within the company’s webpages. We show that the ability to arbitrarily partition a website among items leads to a comparative advantage among...

We present a dynamical theory of asset price bubbles that exhibits the appearance of bubbles and their subsequent crashes. We show that when speculative trends dominate over fundamental beliefs, bubbles form, leading to the growth of asset prices away from their fundamental value. This growth...