更改

Here the demand is increasing, as with [[Veblen good]]s or stock buyers with the [[Hot-hand fallacy#Consumers|"hot hand"]] fallacy preferring to buy more successful stocks and sell those that are less successful.<ref name="Johnson2005">{{cite journal|last=Johnson|first=Joseph|author2=Tellis, G.J. |author3=Macinnis, D.J. |s2cid=145211986|title=Losers, Winners, and Biased Trades|journal=Journal of Consumer Research|year=2005|volume=2|issue=32|pages=324–329|doi=10.1086/432241}}</ref>

Here the demand is increasing, as with [[Veblen good]]s or stock buyers with the [[Hot-hand fallacy#Consumers|"hot hand"]] fallacy preferring to buy more successful stocks and sell those that are less successful.<ref name="Johnson2005">{{cite journal|last=Johnson|first=Joseph|author2=Tellis, G.J. |author3=Macinnis, D.J. |s2cid=145211986|title=Losers, Winners, and Biased Trades|journal=Journal of Consumer Research|year=2005|volume=2|issue=32|pages=324–329|doi=10.1086/432241}}</ref>

Here the demand is increasing, as with Veblen goods or stock buyers with the "hot hand" fallacy preferring to buy more successful stocks and sell those that are less successful.

Here the demand is increasing, as with Veblen goods or stock buyers with the "hot hand" fallacy preferring to buy more successful stocks and sell those that are less successful.

Vernon L. Smith used these techniques to model sociability in economics. There, a model correctly predicts that agents are averse to resentment and punishment, and that there is an asymmetry between gratitude/reward and resentment/punishment.  The classical Nash equilibrium is shown to have no predictive power for that model, and the Gibbs equilibrium must be used to predict phenomena outlined in Humanomics.

Vernon L. Smith used these techniques to model sociability in economics. There, a model correctly predicts that agents are averse to resentment and punishment, and that there is an asymmetry between gratitude/reward and resentment/punishment.  The classical Nash equilibrium is shown to have no predictive power for that model, and the Gibbs equilibrium must be used to predict phenomena outlined in Humanomics.

[[Vernon L. Smith]] used these techniques to model sociability in economics.<ref name = "CaSm">

[[Vernon L. Smith]] used these techniques to model sociability in economics.<ref name = "CaSm">

{{cite journal|author1 = Michael J. Campbell | author2 = [[Vernon L. Smith]] | title = An elementary humanomics approach to boundedly rational quadratic models | journal = Physica A |year=2020| volume = 562 | page = 125309 |doi=10.1016/j.physa.2020.125309| url =https://www.researchgate.net/publication/343657559}}</ref> There, a model correctly predicts that agents are averse to resentment and punishment, and that there is an asymmetry between gratitude/reward and resentment/punishment.  The classical Nash equilibrium is shown to have ''no'' predictive power for that model, and the Gibbs equilibrium must be used to predict phenomena outlined in ''Humanomics''.<ref name = "SmWi">{{cite book|author = [[Vernon L. Smith]] and [[Bart J. Wilson]]|date=2019|title=Humanomics: Moral Sentiments and the Wealth of Nations for the Twenty-First Century|url=https://www.cambridge.org/core/books/humanomics/1B4064A206BD99DB36E794B53ADF8BB4|doi = 10.1017/9781108185561|publisher=Cambridge University Press|isbn=9781108185561}}</ref>

{{cite journal|author1 = Michael J. Campbell | author2 = [[Vernon L. Smith]] | title = An elementary humanomics approach to boundedly rational quadratic models | journal = Physica A |year=2020| volume = 562 | page = 125309 |doi=10.1016/j.physa.2020.125309| url =https://www.researchgate.net/publication/343657559}}</ref> There, a model correctly predicts that agents are averse to resentment and punishment, and that there is an asymmetry between gratitude/reward and resentment/punishment.  The classical Nash equilibrium is shown to have ''no'' predictive power for that model, and the Gibbs equilibrium must be used to predict phenomena outlined in ''Humanomics''.<ref name = "SmWi">{{cite book|author = [[Vernon L. Smith]] and [[Bart J. Wilson]]|date=2019|title=Humanomics: Moral Sentiments and the Wealth of Nations for the Twenty-First Century|url=https://www.cambridge.org/core/books/humanomics/1B4064A206BD99DB36E794B53ADF8BB4|doi = 10.1017/9781108185561|publisher=Cambridge University Press|isbn=9781108185561}}</ref>

Quantifiers derived from information theory were used in several papers by econophysicist [http://www.aureliofernandez.net/ Aurelio F. Bariviera] and coauthors in order to assess the degree in the informational efficiency of stock markets.

Quantifiers derived from information theory were used in several papers by econophysicist [http://www.aureliofernandez.net/ Aurelio F. Bariviera] and coauthors in order to assess the degree in the informational efficiency of stock markets.

Zunino et al. use an innovative statistical tool in the financial literature: the complexity-entropy causality plane. This Cartesian representation establish an efficiency ranking of different markets and distinguish different bond market dynamics. Moreover, the authors conclude that the classification derived from the complexity-entropy causality plane is consistent with the qualifications assigned by major rating companies to the sovereign instruments. A similar study developed by Bariviera et al. explore the relationship between credit ratings and informational efficiency of a sample of corporate bonds of US oil and energy companies using also the complexity–entropy causality plane. They find that this classification agrees with the credit ratings assigned by Moody's.

Zunino et al. use an innovative statistical tool in the financial literature: the complexity-entropy causality plane. This Cartesian representation establish an efficiency ranking of different markets and distinguish different bond market dynamics. Moreover, the authors conclude that the classification derived from the complexity-entropy causality plane is consistent with the qualifications assigned by major rating companies to the sovereign instruments. A similar study developed by Bariviera et al. explore the relationship between credit ratings and informational efficiency of a sample of corporate bonds of US oil and energy companies using also the complexity–entropy causality plane. They find that this classification agrees with the credit ratings assigned by Moody's.