Evolutionary Games And Poverty Traps

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Evolutionary Games and Poverty Traps

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Author by : Edgar J. Sánchez Carrera
Languange Used : English, France, Spanish, Italia and chinese
Page : 144
Isbn : 1443886343
Identifier : 9781443886345
Release : 2015-11-25
Publisher by : Cambridge Scholars Publishing
Category : Business & Economics
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Description : Read Now Evolutionary Games And Poverty Traps by Edgar J. Sánchez Carrera and you can download with pub, pdf, txt, doc, and more file format with free account. this book explores how persistent states of underdevelopment can arise in strategic environments in which players are imitative rather than fully rational. standard growth theory teaches that poverty traps are stable, low-level balanced growth paths to which economies gravitate due to adverse initial conditions or poor equilibrium selection. in other words, societies fail to take off into sustained growth because they started out as poor, with, for example, low longevity or poor human capital, or because they cannot invent institutions that successfully coordinate their investments. evolutionary games and poverty traps explains this pernicious form of coordination failure as a game between economic agents, such as, for example, firms investing in research and development and workers investing in human capital. rates of return on research and development depend on average human capital, and rates of return on human capital depend on aggregate research and development spending. the outcome is a self-confirming equilibrium in evolutionary stable strategies in which unsuccessful players imitate successful ones. this equilibrium is particularly interesting in that in poor economies with a large fraction of low-human-capital workers or low research and development firms, imitative strategies do not support a take-off into sustained growth. to achieve such a take-off, society should subsidize the cost of education or research and development until the economy builds a critical mass of human capital or research and development.

Poverty Traps

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Author by : Samuel Bowles
Languange Used : English, France, Spanish, Italia and chinese
Page : 256
Isbn : 0691170932
Identifier : 9780691170930
Release : 2016-05-31
Publisher by : Princeton University Press
Category : Business & Economics
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Description : Read Now Poverty Traps by Samuel Bowles and you can download with pub, pdf, txt, doc, and more file format with free account. much popular belief--and public policy--rests on the idea that those born into poverty have it in their power to escape. but the persistence of poverty and ever-growing economic inequality around the world have led many economists to seriously question the model of individual economic self-determination when it comes to the poor. in poverty traps, samuel bowles, steven durlauf, karla hoff, and the book's other contributors argue that there are many conditions that may trap individuals, groups, and whole economies in intractable poverty. for the first time the editors have brought together the perspectives of economics, economic history, and sociology to assess what we know--and don't know--about such traps. among the sources of the poverty of nations, the authors assign a primary role to social and political institutions, ranging from corruption to seemingly benign social customs such as kin systems. many of the institutions that keep nations poor have deep roots in colonial history and persist long after their initial causes are gone. neighborhood effects--influences such as networks, role models, and aspirations--can create hard-to-escape pockets of poverty even in rich countries. similar individuals in dissimilar socioeconomic environments develop different preferences and beliefs that can transmit poverty or affluence from generation to generation. the book presents evidence of harmful neighborhood effects and discusses policies to overcome them, with attention to the uncertainty that exists in evaluating such policies.

Dynamics, Games and Science I DYNA 2008, in Honor of Maurício Peixoto and David Rand, University of Minho, Braga, Portugal, September 8-12, 2008

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Author by : Mauricio Matos Peixoto
Languange Used : English, France, Spanish, Italia and chinese
Page : 809
Isbn : 9783642114564
Identifier : 3642114563
Release : 2011-03-29
Publisher by : Springer Science & Business Media
Category : Mathematics
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Description : Read Now Dynamics Games And Science I by Mauricio Matos Peixoto and you can download with pub, pdf, txt, doc, and more file format with free account. dynamics, games and science i and ii are a selection of surveys and research articles written by leading researchers in mathematics. the majority of the contributions are on dynamical systems and game theory, focusing either on fundamental and theoretical developments or on applications to modeling in biology, ecomonics, engineering, finances and psychology. the papers are based on talks given at the international conference dyna 2008, held in honor of mauricio peixoto and david rand at the university of braga, portugal, on september 8-12, 2008. the aim of these volumes is to present cutting-edge research in these areas to encourage graduate students and researchers in mathematics and other fields to develop them further.

Games in Economic Development

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Author by : Bruce Wydick
Languange Used : English, France, Spanish, Italia and chinese
Page : 314
Isbn : 1139468014
Identifier : 9781139468015
Release : 2007-12-24
Publisher by : Cambridge University Press
Category : Business & Economics
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Description : Read Now Games In Economic Development by Bruce Wydick and you can download with pub, pdf, txt, doc, and more file format with free account. games in economic development examines the roots of poverty and prosperity through the lens of elementary game theory, illustrating how patterns of human interaction can lead to vicious cycles of poverty as well as virtuous cycles of prosperity. this book shows how both social norms and carefully designed institutions can help shape the 'rules of the game', making better outcomes in a game possible for everyone involved. the book is entertaining to read, it can be accessed with little background in development economics or game theory. its chapters explore games in natural resource use; education; coping with risk; borrowing and lending; technology adoption; governance and corruption; civil conflict; international trade; and the importance of networks, religion, and identity, illustrating concepts with numerous anecdotes from recent world events. comes complete with an appendix, explaining the basic ideas in game theory used in the book.

How China Escaped the Poverty Trap

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Author by : Yuen Yuen Ang
Languange Used : English, France, Spanish, Italia and chinese
Page : 344
Isbn : 1501700200
Identifier : 9781501700200
Release : 2016-07-01
Publisher by : Cornell University Press
Category : Business & Economics
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Description : Read Now How China Escaped The Poverty Trap by Yuen Yuen Ang and you can download with pub, pdf, txt, doc, and more file format with free account. how china escaped the poverty trap offers the most complete synthesis to date of the numerous interacting forces that have shaped china's dramatic makeover and the problems it faces today.

Evolution and information in a prisoner's dilemma game

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Author by : Phillip Johnson
Languange Used : English, France, Spanish, Italia and chinese
Page : 37
Isbn :
Identifier : UCSD:31822025571548
Release : 1998
Publisher by : no defined
Category : Prisoner's dilemma game
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Rich Nations, Poor Nations How Much Can Multiple Equilibria Explain?

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Author by : Bryan S. Graham
Languange Used : English, France, Spanish, Italia and chinese
Page : 54
Isbn :
Identifier : UVA:X006133296
Release : 2001
Publisher by : no defined
Category : International economic relations
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The Origin of Wealth Evolution, Complexity, and the Radical Remaking of Economics

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Author by : Eric D. Beinhocker
Languange Used : English, France, Spanish, Italia and chinese
Page : 527
Isbn : 9781578517770
Identifier : 157851777X
Release : 2006
Publisher by : Harvard Business Press
Category : Business & Economics
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Description : Read Now The Origin Of Wealth by Eric D. Beinhocker and you can download with pub, pdf, txt, doc, and more file format with free account. what is wealth? how is it created? and how can we create more of it for the benefit of individuals, businesses, and societies? in the origin of wealth, eric beinhocker provides provocative new answers to these fundamental questions. beinhocker surveys the cutting-edge ideas of economists and scientists and brings their work alive for a broad audience. these researchers, he explains, are revolutionizing economics by showing how the economy is an evolutionary system, much like a biological system. it is economic evolution that creates wealth and has taken us from the stone age to the $36.5 trillion global economy of today. by better understanding economic evolution, beinhocker writes, we can better understand how to create more wealth. the author shows how complexity economics is turning conventional wisdom on its head in areas ranging from business strategy and organizational design to investment strategy and public policy. as sweeping in scope as its title, the origin of wealth will rewire our thinking about the workings of the global economy and where it is going.

The Chapo Guide to Revolution A Manifesto Against Logic, Facts, and Reason

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Author by : Chapo Trap House
Languange Used : English, France, Spanish, Italia and chinese
Page : 320
Isbn : 1501187287
Identifier : 9781501187285
Release : 2018-08-21
Publisher by : Simon and Schuster
Category : Humor
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Description : Read Now The Chapo Guide To Revolution by Chapo Trap House and you can download with pub, pdf, txt, doc, and more file format with free account. "the creators of the cult-hit podcast chapo trap house deliver a manifesto for everyone who feels orphaned and alienated--politically, culturally, and economically--by the bloodless wall street centrism of the democrats and the lizard-brained atavism of the right: there is a better way, the chapo way"--

The Bottom Billion Why the Poorest Countries are Failing and What Can Be Done About It

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Author by : Paul Collier
Languange Used : English, France, Spanish, Italia and chinese
Page : 224
Isbn : 019804254X
Identifier : 9780198042549
Release : 2007-05-25
Publisher by : Oxford University Press
Category : Business & Economics
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Description : Read Now The Bottom Billion by Paul Collier and you can download with pub, pdf, txt, doc, and more file format with free account. in the universally acclaimed and award-winning the bottom billion, paul collier reveals that fifty failed states--home to the poorest one billion people on earth--pose the central challenge of the developing world in the twenty-first century. the book shines much-needed light on this group of small nations, largely unnoticed by the industrialized west, that are dropping further and further behind the majority of the world's people, often falling into an absolute decline in living standards. a struggle rages within each of these nations between reformers and corrupt leaders--and the corrupt are winning. collier analyzes the causes of failure, pointing to a set of traps that ensnare these countries, including civil war, a dependence on the extraction and export of natural resources, and bad governance. standard solutions do not work, he writes; aid is often ineffective, and globalization can actually make matters worse, driving development to more stable nations. what the bottom billion need, collier argues, is a bold new plan supported by the group of eight industrialized nations. if failed states are ever to be helped, the g8 will have to adopt preferential trade policies, new laws against corruption, new international charters, and even conduct carefully calibrated military interventions. collier has spent a lifetime working to end global poverty. in the bottom billion, he offers real hope for solving one of the great humanitarian crises facing the world today. "set to become a classic. crammed with statistical nuggets and common sense, his book should be compulsory reading." --the economist "if sachs seems too saintly and easterly too cynical, then collier is the authentic old africa hand: he knows the terrain and has a keen ear.... if you've ever found yourself on one side or the other of those arguments--and who hasn't?--then you simply must read this book." --niall ferguson, the new york times book review "rich in both analysis and recommendations.... read this book. you will learn much you do not know. it will also change the way you look at the tragedy of persistent poverty in a world of plenty." --financial times

Poverty Knowledge Social Science, Social Policy, and the Poor in Twentieth-Century U.S. History

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Author by : Alice O'Connor
Languange Used : English, France, Spanish, Italia and chinese
Page : 392
Isbn : 1400824745
Identifier : 9781400824748
Release : 2009-01-10
Publisher by : Princeton University Press
Category : History
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Description : Read Now Poverty Knowledge by Alice O'Connor and you can download with pub, pdf, txt, doc, and more file format with free account. progressive-era "poverty warriors" cast poverty in america as a problem of unemployment, low wages, labor exploitation, and political disfranchisement. in the 1990s, policy specialists made "dependency" the issue and crafted incentives to get people off welfare. poverty knowledge gives the first comprehensive historical account of the thinking behind these very different views of "the poverty problem," in a century-spanning inquiry into the politics, institutions, ideologies, and social science that shaped poverty research and policy. alice o'connor chronicles a transformation in the study of poverty, from a reform-minded inquiry into the political economy of industrial capitalism to a detached, highly technical analysis of the demographic and behavioral characteristics of the poor. along the way, she uncovers the origins of several controversial concepts, including the "culture of poverty" and the "underclass." she shows how such notions emerged not only from trends within the social sciences, but from the central preoccupations of twentieth-century american liberalism: economic growth, the cold war against communism, the changing fortunes of the welfare state, and the enduring racial divide. the book details important changes in the politics and organization as well as the substance of poverty knowledge. tracing the genesis of a still-thriving poverty research industry from its roots in the war on poverty, it demonstrates how research agendas were subsequently influenced by an emerging obsession with welfare reform. over the course of the twentieth century, o'connor shows, the study of poverty became more about altering individual behavior and less about addressing structural inequality. the consequences of this steady narrowing of focus came to the fore in the 1990s, when the nation's leading poverty experts helped to end "welfare as we know it." o'connor shows just how far they had traveled from their field's original aims.

Why Nations Fail The Origins of Power, Prosperity and Poverty

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Author by : Daron Acemoglu
Languange Used : English, France, Spanish, Italia and chinese
Page : 320
Isbn : 1847654614
Identifier : 9781847654618
Release : 2012-03-08
Publisher by : Profile Books
Category : Business & Economics
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Description : Read Now Why Nations Fail by Daron Acemoglu and you can download with pub, pdf, txt, doc, and more file format with free account. shortlisted for the financial times and goldman sachs business book of the year award 2012. why are some nations more prosperous than others? why nations fail sets out to answer this question, with a compelling and elegantly argued new theory: that it is not down to climate, geography or culture, but because of institutions. drawing on an extraordinary range of contemporary and historical examples, from ancient rome through the tudors to modern-day china, leading academics daron acemoglu and james a. robinson show that to invest and prosper, people need to know that if they work hard, they can make money and actually keep it - and this means sound institutions that allow virtuous circles of innovation, expansion and peace. based on fifteen years of research, and answering the competing arguments of authors ranging from max weber to jeffrey sachs and jared diamond, acemoglu and robinson step boldly into the territory of francis fukuyama and ian morris. they blend economics, politics, history and current affairs to provide a new, powerful and persuasive way of understanding wealth and poverty.