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The rise of the extreme poles in the European political Spectrum, corresponds currently with a clear call for help by the site of simple People, combined with the desire for a serious confrontation with the tragic impasse reproduced by the extreme Problems of the everyday live . In this case,...
Persistent link: https://www.econbiz.de/10011251884
-feeling by distinguishing two axes: “rationality axis” concerns whether the action is efficient or suboptimal; “intentionality …
Persistent link: https://www.econbiz.de/10005835773
This article introduces and discusses from a philosophical point of view the nascent field of neuroeconomics, which is the study of neural mechanisms involved in decision-making and their economic significance. Following a survey of the ways in which decision-making is usually construed in...
Persistent link: https://www.econbiz.de/10005836002
of theory in political domains. For the latter purpose, a more differentiated concept of rationality, appropriate to ill …
Persistent link: https://www.econbiz.de/10005836597
The modern economic theory implemented today is inherently flawed. Unfortunately these flaws are not apparent in contemporary economic theory which is built on the idea that scarcity is an ever present condition; an approach referred to as scarce resource theory (SRT) in operating level...
Persistent link: https://www.econbiz.de/10009203644
The paper critically discusses the issue of rationality and choices in economics in both the behavioural and … the analysis of economic choices, showing the limits of rationality. On the other hand, the work offers a reinterpretation … single and undifferentiated thought, locked into the idea of perfect rationality, but, on the opposite, is a discipline that …
Persistent link: https://www.econbiz.de/10009418485
rationality and yet they have no regard for the necessity of deliberation about and valuation of future consequences of an action …
Persistent link: https://www.econbiz.de/10011258215
We develop a general method to solve models of interactions between multiple agents, including the possibility of strategic advantage for some of them. We argue that this type of model applies to the description of apparently irrational or biased behaviors in a person whose action is the...
Persistent link: https://www.econbiz.de/10011258738
Nelson Mandela said, “During my lifetime I have dedicated myself to this struggle of the African people. I have fought against White domination, and I have fought against Black domination. I have cherished the ideal of a democratic and free society in which all persons live together in harmony...
Persistent link: https://www.econbiz.de/10011259042
The paper discusses the concept of an economic man in economics and management. The concept of “homo oeconomicus” assumes the full rational behaviour of a deciding man and was applied in classical and neoclassical theories. Based on resent findings of the neuronal, cognitive and behavioural...
Persistent link: https://www.econbiz.de/10009147885