Showing 1 - 10 of 51
rationality through which Hume's theory is apprehended, is highly disputable, from the point of view of both standard choice … theory and Hume's theory of passions. Nonetheless, Sugden's criterion of rationality might be restated in Humean terms as a …Facing R. Sugden's criticism of our interpretation, it is shown in this paper that rationality appears as a possible …
Persistent link: https://www.econbiz.de/10008789356
The purpose of this paper is to introduce explicitly pleasure and belief in what aims at being a Humean theory of … decision, like the one developed in Diaye and Lapidus (2005a). Although we support the idea that Hume was in some way a …, from a Humean point of view, “belief” deals with decision under risk or uncertainty, as well with intertemporal decision …
Persistent link: https://www.econbiz.de/10008790780
process, described by means of a decision algorithm which aims at representing Hume's theory of choice. …For the reader who considers economic theory of choice as a special case of a more general theory of action, Hume … not seem to have given any evidence which would favour what we nowadays consider as the kind of rationality involved in …
Persistent link: https://www.econbiz.de/10008791484
The purpose of this paper is to introduce explicitly pleasure and belief in what aims at being a Humean theory of … decision, like the one developed in Diaye and Lapidus (2005a). Although we support the idea that Hume was in some way …, from a Humean point of view, “belief” deals as well with decision under risk or uncertainty, as with intertemporal decision …
Persistent link: https://www.econbiz.de/10008793170
Information about traffic conditions has traditionally been conveyed to drivers by radio and variable message signs, and more recently via the Internet and Advanced Traveler Information Systems. This has spurred research on how travelers respond to information, how much they are willing to pay...
Persistent link: https://www.econbiz.de/10008793408
We consider a two-period model in which a continuum of agents trade in a context of costly information acquisition and systematic heterogeneous expectations biases. Because of systematic biases agents are supposed not to learn from others' decisions. In a previous work under somehow strong...
Persistent link: https://www.econbiz.de/10010898572
We consider a two period model in which a continuum of agents trade in a context of costly information acquisition and systematic heteroge- neous expectations biases. Because of systematic biases agents are sup- posed not to learn from others' decisions. In a previous work under some- how strong...
Persistent link: https://www.econbiz.de/10010752037
This paper analyzes the impact of hyperbolic discounting preferences on theagent's information acquisition decision who …
Persistent link: https://www.econbiz.de/10008793771
In the context of the current financial crisis, when more companies are facing bankruptcy or insolvency, the paper aims to find methods to identify distressed firms by using financial ratios. The study will focus on identifying a group of Romanian listed companies, for which financial data for...
Persistent link: https://www.econbiz.de/10008790585
account for intentional decision-making, based on agents' relative performances. By contrast, we show that convergence is … social learning behaviour. Our results suggest a method for modelling bounded rationality, which could be tested most …
Persistent link: https://www.econbiz.de/10010821366