Showing 1 - 10 of 102
We analyze bubbles and crashes in a model in which some investors are partially sophisticated. While the expectations of such investors are endogenously determined in equilibrium, these are based on a coarse understanding of the market dynamics. We highlight how such investors may endogenously...
Persistent link: https://www.econbiz.de/10010707520
simplified framework for observations, close enough to stock markets to test the informational efficiency theory, and lead to … odds fixed by bookmakers, and consequently on prices’ structure. Moreover, we also discuss bettors’ rationality and we show …
Persistent link: https://www.econbiz.de/10010705800
Audit decision in risk situations was studied by researchers using normative and descriptive approaches issued from mathematics and economic sciences. We explain the impact of psycholgy resarch conduced by Kahneman and Tversky on the approach of auditors judgment.
Persistent link: https://www.econbiz.de/10010707582
This paper focuses on the link between the economic conceptions of rationality and learning. Traditionally, most … is not the process of learning, but the result of learning: ‘a fully rational agent’. Heterodox rationality conceptions … such as the Simonian model of bounded rationality seem more compatible with the idea of learning. Bounded rationality …
Persistent link: https://www.econbiz.de/10010708334
about economics—namely, alternative assumptions about individual rationality and the role of social efficiency—influence our … understanding of the drivers of institutional evolution. We then contrast two families of institutional theory. In the first …
Persistent link: https://www.econbiz.de/10011073334
For the Academics there is a difference between the teaching of management control and the practice of controllers. Why … this distinction ? This paper shows that management control is a management performance process. The management control …
Persistent link: https://www.econbiz.de/10010708217
action and action taking. Four main perspectives of administration and management are currently influential for further …
Persistent link: https://www.econbiz.de/10011205321
economics of assembling and the economics of knowledge management. Our framework attempts to identify the principal trade …
Persistent link: https://www.econbiz.de/10010799305
Persistent link: https://www.econbiz.de/10010757438
Can the process of change be deliberate, planned and controlled in an organisation? Does the management of change … the management of change must be viewed as a process of the management of ambivalence. This challenges much conventional …
Persistent link: https://www.econbiz.de/10010764089