Showing 1 - 10 of 43
Economic organization of the imaginary worlds depicted in popular literary works may be viewed as a mirror to public opinion on the economic organization of life. If a book becomes a best-seller, it is because the book conveys messages, feelings, and events the readers can relate to. In other...
Persistent link: https://www.econbiz.de/10005407781
Economists often perceive the “ideological beliefs“ held by political actors as obstacles to rational policy-making. In contrast, it is argued that ideologies have characteristics that appear desirable in policy- making in that they allow political actors to credibly commit themselves to...
Persistent link: https://www.econbiz.de/10005556964
This article presents a formalization of knowledge based on a connectionist model of a firm's structure. Transaction costs are not ignored, but integrated with the knowledge-based approach. A numerical example on the canonical comparison of "Japanese" versus "American" organizational structures...
Persistent link: https://www.econbiz.de/10005561473
In this working paper it is investigated how affect and cognition interact in consumer decision making. The research …
Persistent link: https://www.econbiz.de/10005125573
Shafer's evidence theory is a branch of the mathematics of uncertain reasoning that allows for novel possibilities to be conceived by a decision-maker. Many of its findings exhibit striking similarities with an alternative decision theory purported by Shackle in the 1950s, before expected...
Persistent link: https://www.econbiz.de/10005125582
Investment decision-making is modeled by means of a Kohonen neural net, where neurons represent firms. This is done in order to model investments in novel fields of economic activity, that according to this model are carried out when firms recognize the emergence of a new technological pattern....
Persistent link: https://www.econbiz.de/10005076670
This paper studies the role of memory and communication in games between ongoing organizations. In each organization … the past can be communicated by one generation to the next through ``cheap talk" communication. With costly communication …
Persistent link: https://www.econbiz.de/10005550938
POWERED BY THE DEVELOPMENTS IN NEW TECHNOLOGY APPLICATIONS, THE WORLD IS MOVING RAPIDLY TOWARDS KNOWLEDGE-BASED ECONOMIC STRUCTURES AND INFORMATION SOCIETIES THAT COMPRISE NETWORKS OF INDIVIDUALS, FIRMS AND COUNTRIES THAT ARE LINKED ELECTRONICALLY AND IN INTERDEPENDENT RELATIONSHIPS. KNOWLEDGE,...
Persistent link: https://www.econbiz.de/10005556113
's messages. This confirms ``truth bias'' reported in communication theory in a one-shot, anonymous environment without nonverbal … under certain conditions. We claim that the theory for the evolution of language should address why truthful communication …
Persistent link: https://www.econbiz.de/10005556670
Inflation targeting is a regime based to a great extent on communication and, more specifically, on using and … communicating assessments of future inflation. The central banking literature, however, devotes surprisingly little attention to … future inflation assessments on three distinct levels: construction, decision making and communication. One of the most …
Persistent link: https://www.econbiz.de/10005561292