Economic systems produce robust statistical patterns in key sate variables including prices and incomes. Statistical equilibrium methods explain the distributional proper- ties of state variables as arising from specific institutional and behavioral postulates. Two traditions have developed in...

In this book experts from quite different fields present simulations of social phenomena: economists, sociologists, political scientists, psychologists, cognitive scientists, organisational scientists, decision scientists, geographers, computer scientists, AI and AL scientists, mathematicians...

We describe an experiment based on a repeated two-person game of incomplete information designed so that Jordan's Bayesian model of learning in games and the best response model make completely opposite predictions. Econometric analysis of the experimental data, using the maximum likelihood...