Generalizing Game Theory


Game theoretic concepts apply whenever the actions of several agents are interdependent. These agents may be individuals, groups, firms, or any combination of these. The concepts of game theory provide a language to formulate, structure and analyz

Towards A Knowledge Society


The information revolution of the past couple of decades has switched the flow of information and ideas from slow, linear and scarce to fast, networked and pervasive, giving rise to the potential for a society where knowledge and its usage is the central resource; a new form of innovation economy based on knowledge and its application through information systems. Today the most important inputs to the core economic activities, of the most advanced economies, are widely distributed in the population

Modeling Economic Agents


In this paper, we will be exploring two different models given for agents within an economic context. We will talk about how standard economics offers this model of the rational individual sometimes called homo economicus, and we will draw upon the new area of behavioral economics which presents an alternative model to human behavior within an economic context.

Behavioral Choice Theory


Economics is often interpreted as the study of how people make choices in the allocation of their resources. Microeconomics hinges on this process through which agents come to make decisions and then act on these decisions

Load More Posts