Adaptive behavior in economic and social environments

E.J.R. Droste

Research output: ThesisDoctoral ThesisScientific

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Abstract

Various economic and social environments feature repeated interaction of decision-makers. Firms compete for market shares continually, politicians enter into debates almost every day, and friends communicate regularly. When decision-makers accumulate experience and collect new information each time interaction takes place, they will adapt their behavior over time. This thesis analyzes dynamical systems that provide insights into the evolution of the decision-makers' behavior. The three main topics are an adjustment process leading to best-reply matching behavior, network formation in communication and coordination problems, and the interaction between behavioral routines in a Cournot model.
Original languageEnglish
QualificationDoctor of Philosophy
Awarding Institution
  • Tilburg University
Supervisors/Advisors
  • Ruys, Pieter, Promotor
Award date22 Dec 1999
Place of PublicationTilburg
Publisher
Print ISBNs9056680617
Publication statusPublished - 1999

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Economic environment
Decision maker
Adaptive behavior
Social environment
Interaction
Dynamical systems
Network formation
Coordination problems
Politicians
Adjustment process
Communication
Cournot model
Market share
Repeated interaction

Cite this

Droste, E. J. R. (1999). Adaptive behavior in economic and social environments. Tilburg: CentER, Center for Economic Research.
Droste, E.J.R.. / Adaptive behavior in economic and social environments. Tilburg : CentER, Center for Economic Research, 1999. 181 p.
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Droste, EJR 1999, 'Adaptive behavior in economic and social environments', Doctor of Philosophy, Tilburg University, Tilburg.

Adaptive behavior in economic and social environments. / Droste, E.J.R.

Tilburg : CentER, Center for Economic Research, 1999. 181 p.

Research output: ThesisDoctoral ThesisScientific

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Droste EJR. Adaptive behavior in economic and social environments. Tilburg: CentER, Center for Economic Research, 1999. 181 p. (CentER Dissertation Series).