Recent decades have seen a rise in the use of physics methods to study different societal
phenomena. This development has been due to physicists venturing outside of their …

This chapter examines the relationship between agent-based modeling and economic
decision-making experiments with human subjects. Both approaches exploit controlled …

Recent advances in artificial intelligence and deep learning have made it possible for bots to
pass as humans, as is the case with the recent Google Duplex—an automated voice …

We develop a theoretical framework to study the psychology of poverty and 'aspirations
failure', defined as the failure to aspire to one's own potential. In our framework, rich and the …

Abstract Since Alan Turing envisioned artificial intelligence, technical progress has often
been measured by the ability to defeat humans in zero-sum encounters (eg, Chess, Poker …

My aim in this short essay is to discuss a particular aspect of poverty, which is its close and
brutal association with a failure of aspirations. Lest the point I am about to develop be …

This paper develops a theory of socially determined aspirations, and the interaction of those
aspirations with growth and inequality. The interaction is bidirectional: economy‐wide …

The author examines the interplay between evolutionary game theory and the equilibrium
selection problem in noncooperative games. Evolutionary game theory is one of the most …

This paper first considers the implications of biological evolution for economic preferences. It
analyzes why utility functions evolved, considers evidence that utility is both hedonic and …

This note characterizes the impact of adding rare stochastic mutations to an “imitation
dynamic,” meaning a process with the properties that absent strategies remain absent, and …