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The Origin of Prospect Theory, or Testing the Intuitive Statistician
Heukelom, Floris - Tinbergen Instituut - 2005
article applies this new descriptive theory to economists EUT. It equates the intuitive statistician with the rational …
Persistent link: https://www.econbiz.de/10011256975
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Evolutionary Thinking in Environmental Economics
Bergh, Jeroen C.J.M. van den - Tinbergen Instituut - 2007
Evolutionary and environmental economics have a potentially close relationship. This paper reviews past and identifies … potential applications of evolutionary concepts and methods to environmental economics. This covers a number of themes: resource …, organizational and technological-evolutionary phenomena. Attention will be drawn to the fact that evolutionary economics shows a …
Persistent link: https://www.econbiz.de/10011256552
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Optimal Diversity in Investments with Recombinant Innovation
Bergh, Jeroen C.J.M. van den; Zeppini-Rossi, Paolo - Tinbergen Instituut - 2008
This discussion paper resulted in a publication in <I>Structural Change and Economic Dynamics</I>, 2013, 24, 141-156.<P> We address the notion of dynamic, endogenous diversity and its role in theories of investment and technological innovation. We develop a formal model of an innovation arising from the...</p></i>
Persistent link: https://www.econbiz.de/10011255510
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Who are the Behavioral Economists and what do they say?
Heukelom, Floris - Tinbergen Instituut - 2007
behavioral economists among the RSF’s twenty-six member Behavioral Economics Roundtable (BER) are Kahneman, Tversky, Thaler … researchers is positioned in opposition to Adam Smith/Hayek type of economics, as exemplified by experimental economists Vernon …The most important financial source for behavioral economics is the Russell Sage Foundation (RSF). The most prominent …
Persistent link: https://www.econbiz.de/10011256865
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Gigerenzer the Decided: A Tale of Difficult Distinctions
Heukelom, Floris - Tinbergen Instituut - 2005
This paper provides an overview of the work of Gigerenzer, thereby focusing on his criticisms of the Heuristics and Biases theory of Kahneman and Tversky. It is proposed that Gigerenzer's work can be both thematically and chronologically organized as: historical research on statistics =...
Persistent link: https://www.econbiz.de/10011257298
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Axiomatizations of a Positional Power Score and Measure for Hierarchies
Brink, René van den; Steffen, Frank - Tinbergen Instituut - 2008
This discussion paper resulted in a publication in 'Public Choice', 151, 757-787. <P> Power is a core concept in the analysis and design of organizations. One of the problems with the extant literature on positional power in hierarchies is that it is mainly restricted to the analysis of power in...</p>
Persistent link: https://www.econbiz.de/10011256751
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Decision Making and Learning in a Globalizing World
Swank, Otto H.; Visser, Bauke - Tinbergen Instituut - 2010
We study two aspects of globalization. It allows a decision-maker to go beyond his own local experience and to learn from other decision-makers in addressing common problems. This improves the identification and diffusion of best practices. It also provides extra information to `markets' that...
Persistent link: https://www.econbiz.de/10011257292
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Positional Power in Hierarchies
Brink, René van den; Steffen, Frank - Tinbergen Instituut - 2007
This discussion paper led to a chapter in 'Power, Freedom and Voting' (eds. M. Braham and F. Steffen), Springer, pp 57-81, 2008.<p> Power is a core concept in the analysis and design of organisations. In this paper we consider positional power in hierarchies. One of the problems with the extant...</p>
Persistent link: https://www.econbiz.de/10011257627
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Do Polls create Momentum in Political Competition?
Denter, Philipp; Sisak, Dana - Tinbergen Instituut - 2013
We explore how public opinion polls affect candidates' campaign spending in political competition. Generally, polls lead to (more) asymmetric behavior. Under a majority rule there always exists an equilibrium in which the initially more popular candidate invests more in the campaign and thereby...
Persistent link: https://www.econbiz.de/10011255586
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Members, Joiners, Free-riders, Supporters
Ansink, Erik; Withagen, Cees - Tinbergen Instituut - 2015
We augment the standard cartel formation game from non-cooperative coalition theory, often applied in the context of international environmental agreements on climate change, with the possibility that singletons support coalition formation without becoming coalition members themselves. Rather,...
Persistent link: https://www.econbiz.de/10011255680