THE REPEATED CHOICE MODEL AND THE FEEDBACK MECHANISM

Authors
GIRARD J GRUBER H
Citation
J. Girard et H. Gruber, THE REPEATED CHOICE MODEL AND THE FEEDBACK MECHANISM, Omega, 23(2), 1995, pp. 187-195
Citations number
10
Journal title
Omega → ACNP
ISSN journal
03050483
Volume
23
Issue
2
Year of publication
1995
Pages
187 - 195
Database
ISI
SICI code
0305-0483(1995)23:2<187:TRCMAT>2.0.ZU;2-0
Abstract
A model of repeated choices is presented where the current choices of an agent are affected by the decisions taken by the others in the past . Whereas in the single choice framework positive feedback leads to no n-ergodicity, positive feedback in the repented choice model generally leads to ergodic processes. Non ergodicity is obtained only for very special cases.