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Author:Nowak, M.
Sigmund, K.
Title:Perspectives: Cooperation versus competition
Journal:Financial Analysts' Journal
2000 : JUL/AUG, VOL. 56:4, p. 13-22
Index terms:Co-operation
Competition
Game theory
Market research
Simulation
History
Language:eng
Abstract:This article represents a new direction toward understanding the fundamental dynamics of market behavior - competition and cooperation among individuals who possess limited information - including conditions in which equilibrium can emerge from these dynamics. We hope this article can play a role in stimulating the financial community to consider new approaches that might lead to deeper conceptual knowledge of market behavior.
SCIMA record nr: 216388
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