A New Approach to Diffusion Dynamics of Network Technologies with Bounded Rational Users with Help of Aspiration-Based Learning

Provided by: International Journal for Advance Research in Engineering and Technology (IJARET)
Topic: Networking
Format: PDF
Economic models proposed to study adoption of dynamics of entrant & incumbent technologies are found variably, which are motivated by need for new network architectures to complement the current Internet. The authors propose new models for adoption of dynamics in entrant and also incumbent technologies using bounded rational users who are very much used to choosing a strategy which is satisfying rather than the other strategies which can be optimal based on aspiration based learning. Two models of adoption dynamics are proposed based on characteristics of aspiration level.

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