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  • 标题:The Evolution of Equilibria in Irrational Markets
  • 本地全文:下载
  • 作者:Guo Ying Luo
  • 期刊名称:Theoretical Economics Letters
  • 印刷版ISSN:2162-2078
  • 电子版ISSN:2162-2086
  • 出版年度:2017
  • 卷号:07
  • 期号:07
  • 页码:2081-2088
  • DOI:10.4236/tel.2017.77141
  • 语种:English
  • 出版社:Scientific Research Publishing
  • 摘要:This paper reviews the articles with the focus on the validation of the notions of different equilibria in irrational markets. In all those articles, the evolutionary idea of natural selection is used to explain the eventual occurrences of different equilibria in different market processes where individuals are irrational. The future research direction in this area is also mentioned.
  • 关键词:Evolution;Market Rationality;Natural Selection;Market Efficiency;Irrationality
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