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Rationality and choices in economics: behavioral and evolutionary approaches
Graziano, Mario; Schilirò, Daniele - Volkswirtschaftliche Fakultät, … - 2012
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 … of the theory of Alfred Marshall in a biologicalevolutionary perspective. The reinterpretation of Marshall's theory in a …
Persistent link: https://www.econbiz.de/10009418485
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Inconsistency Pays?: Time-inconsistent subjects and EU violators earn more
Berg, Nathan; Eckel, Catherine; Johnson, Cathleen - Volkswirtschaftliche Fakultät, … - 2010
subjects are time-inconsistent and most violate the axioms of expected utility theory. These inconsistencies cannot be … explained by well-known theories of behavioral inconsistency, such as hyperbolic discounting and cumulative prospect theory … inconsistency and total payoffs are reported. Time-inconsistent subjects and those who violate expected utility theory both earn …
Persistent link: https://www.econbiz.de/10008693573
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Od człowieka racjonalnego do emocjonalnego. Zmiana paradygmatu nauk ekonomicznych
Wach, Krzysztof - Volkswirtschaftliche Fakultät, … - 2010
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
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Soft Paternalism and Nudging - Critique of the Behavioral Foundations
Pasche, Markus - Volkswirtschaftliche Fakultät, … - 2014
own preferences. This justification of soft paternalism overlooks some methodological problems of expected utility theory …
Persistent link: https://www.econbiz.de/10011109175
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Firmengröße und Entlohnung
Schwimmer, Florian - Volkswirtschaftliche Fakultät, … - 2007
Arbeitsproduktivität, führt jedoch gleichzeitig zu einer Zunahme der Anstrengung, welche für die Koordination einer vermehrt …
Persistent link: https://www.econbiz.de/10008520706
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Abc-Modell eines Ponzi-Systems
Parodi, Bernhard R. - Volkswirtschaftliche Fakultät, … - 2013
Ein analytisches Modell mit acht Parametern zur Beschreibung idealisierter Ponzi-Systeme mit asymmetrisch und progressiv wachsenden Kapitalzu- und -abflüssen wird präsentiert. Investoren bleiben optional zeitlich begrenzt oder dauerhaft investiert. Diverse Systemvarianten inklusive deren...
Persistent link: https://www.econbiz.de/10011110795
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On apparent irrational behaviors : interacting structures and the mind
Gosselin, Pierre; Lotz, Aileen; Wambst, Marc - Volkswirtschaftliche Fakultät, … - 2013
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
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Applying relevant ethical theories to equality
Punabantu, Siize - Volkswirtschaftliche Fakultät, … - 2012
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
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Rational Interacting Agents and Volatility Clustering: A New Approach
Siddiqi, Hammad - Volkswirtschaftliche Fakultät, … - 2007
volatility. Hence, there is no need to reject the notion of rationality in agent based models. …
Persistent link: https://www.econbiz.de/10005260132
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Forecasts of relative performance in tournaments: evidence from the field
Santos-Pinto, Luís; Park, Young-Joon - Volkswirtschaftliche Fakultät, … - 2004
This paper uses a field experiment to investigate the quality of individuals' forecasts of relative performance in tournaments. We ask players in luck-based (poker) and skill-based (chess) tournaments to make point forecasts of rank. The main finding of the paper is that players' forecasts in...
Persistent link: https://www.econbiz.de/10005260227