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Connecting Adaptive Behaviour and Expectations in Models of Innovation: The Potential Role of Artificial Neural Networks
2001
Social Science Research Network
In this methodological work I explore the possibility of explicitly modelling expectations conditioning the R&D decisions of firms. In order to isolate this problem from the controversies of cognitive science, I propose a black box strategy through the concept of "internal model". The last part of the article uses artificial neural networks to model the expectations of firms in a model of industry dynamics based on Nelson & Winter (1982) .
doi:10.2139/ssrn.516583
fatcat:xbgkr63pszdvnhgupf5io5ubb4