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Gains and losses: the same or different choices? A “non-ideal” economics approach.

Harin, Alexander - EconWPA - 2005

Ideal economics? A “non-ideal” economics approach has been proposed, which considers the possibility of arrangement infringements. It gives promises for both solving fundamental problems of economic theory and creation of new directions and fields of research. The approach application in...

Persistent link: https://www.econbiz.de/10005124942

Arrangement Infringement Possibility Approach: Some Economic Features of Large-Scale Events

Harin, Alexander - EconWPA - 2004

The definition of arrangement infringement has been given. Several characteristics of hurricanes as large-scale events and objectives for the first stages of insurance data analysis have been sketched out. Scale hypotheses, insurance and investment problems have been formulated.

Persistent link: https://www.econbiz.de/10005124993

Gains and losses. The same or different choices?

Harin, Alexander - EconWPA - 2005

Arrangements (agreements, contracts, projects, etc.) are widespread economic events and are the fundamental concept of the economic theory. Infringements (breaches, modifications, changes, etc.) of arrangements are common and have a significant importance for the economic theory. For many years...

Persistent link: https://www.econbiz.de/10005125490

The relationship between Mathematical Utility Theory and the Integrability Problem: some arguments in favour

Alcantud, J. C. R.; Bosi, G.; Rodríguez-Palmero, C.; … - EconWPA - 2003

The resort to utility-theoretical issues will permit us to propose a constructive procedure for deriving a homogeneous of degree one, continuous function that gives raise to a primitive demand function under suitably mild conditions. This constitutes the first elementary proof of a necessary and...

Persistent link: https://www.econbiz.de/10005135019

Temptation, Welfare and Revealed Preference

Noor, Jawwad - EconWPA - 2005

Choice may be determined both by a consideration of one's welfare (normative preference) and by desires (temptation … preference). To provide foundations for such a theory, Gul and Pesendorfer (2001, 2004) adopt a preference over choice problems … temptation preference is inferred from discrepancies between normative preference and choice. With a choice correspondence as the …

Persistent link: https://www.econbiz.de/10005413275

Imperfect Local Search Strategies on Technology Landscapes: Satisficing, Deliberate Experimentation and Memory Dependence

Hovhannisian, Karén - EconWPA - 2004

on Simon’s insights on satisficing behavior and designing without final goals we build a simulative model that provides a …

Persistent link: https://www.econbiz.de/10005561496

Satisfaction and Learning: an experimental game to measure happiness

Novarese, Marco; Rizzello, Salvatore - EconWPA - 2003

literature on individual decision making and on Herbert Simon's satisficing model. …

Persistent link: https://www.econbiz.de/10005561802

The Weakest Link - A Field Experiment in Rational Decision Making

Haan, Marco; Los, Bart; Riyanto, Yohanes; Geest, Martin van - EconWPA - 2002

We analyze the BBC TV game show "The Weakest Link", using data from 77 episodes, covering 13,380 questions. We focus on the banking decision, where a contestant chooses to secure an amount of money for the eventual winner, or to risk it on a general knowledge question. In the latter case, should...

Persistent link: https://www.econbiz.de/10005125587

Volatility, Heterogeneous Agents and Chaos

Gomes, Orlando - EconWPA - 2004

explained. Adding to a system with initial behavior heterogeneity an adaptive learning rule based on discrete choice theory, one … several behavior possibilities alternate as the best behavioral choice. Only in such circumstances heterogeneity persists and …

Persistent link: https://www.econbiz.de/10005125624

Heterogeneous Researchers in a Two-Sector Representative Consumer Economy

Gomes, Orlando - EconWPA - 2004

Research activities have uncertain outcomes. The question asked in this paper is whether or not this uncertainty can be a central piece on the explanation of long run consumption growth paths. More specifically, we inquire how the existence of different research projects, with different degrees...

Persistent link: https://www.econbiz.de/10005125685