Showing 1 - 9 of 9
We apply Maslow’s hierarchy of needs to the concept of utility and then go on to a new model where individual’s behavior is aimed at reaching optimal level of arousal of neural system and optimal level of domination in social ranking.
Persistent link: https://www.econbiz.de/10005556518
This paper studies the role of memory and communication in games between ongoing organizations. In each organization … past. However, the Folk Theorem fails for many games when individuals have no prior memory, i.e., no individual can witness … events that occur before his entry into the game. We examine OLG games without prior memory. We then examine such games when …
Persistent link: https://www.econbiz.de/10005550938
. Furthermore, for most of our stocks the observed regularity in market order submissions seems to have a memory of at least 30 …
Persistent link: https://www.econbiz.de/10005134908
In environments with no commitment and with a need for intertemporal trade, bounded recall is shown to be a sufficient friction for a receipt system (fiat money) to lead to improved allocations in an otherwise frictionless Walrasian model. The absence of other frictions makes price determination...
Persistent link: https://www.econbiz.de/10005076849
We show that for any discount factor, there is a natural number $M$ such that all subgame perfect equilibrium outcomes of the discounted repeated prisoners' dilemma can be obtained by subgame perfect equilibrium strategies with the following property: current play depends only on the number of...
Persistent link: https://www.econbiz.de/10005118584
Human brain has invented the Computer&upgraded it to a level of Combrains. With Artificial Chemical Memory, these may …
Persistent link: https://www.econbiz.de/10005118844
of outputs (e.g., resale value, reliability, safety, comfort) that consumers obtain from a product relative to inputs …
Persistent link: https://www.econbiz.de/10005561800
Brands are successful because people prefer them to ordinary products. In addition to the psychological factors already mentioned, brands give consumers the means whereby they can make choices and judgments. The secret to successful branding is to influence the decisions the way in which...
Persistent link: https://www.econbiz.de/10005561816
In this paper we attempt to compare the responses of consumers and professionals to questions related to organic food retailing, in order to highlight the differences and the similarities of viewpoints between them and to understand the links between consumer perception of organic food and the...
Persistent link: https://www.econbiz.de/10005062483