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in which decision-making is usually construed in philosophy, economics and psychology, I review many important findings … the study of neural mechanisms involved in decision-making and their economic significance. Following a survey of the ways … in neuroeconomics to show that they suggest a revised picture of decision-making and ourselves as choosing agents …
Persistent link: https://www.econbiz.de/10005836002
This study attempts to posit the nexus between psychology and economics. However it is not the purpose of the paper to … focus on all aspects of psychology and its various theories. It is also not the purpose of this paper to trace the … traces the historical experience of western economics and psychology through three phases, which inevitably led to secularism …
Persistent link: https://www.econbiz.de/10009401328
We introduce a computer program which calculates an agent’s optimal behavior according to Case-based Decision Theory … decision-making on this set of problems. We find: (1) The choice behavior of this program (and therefore Case-based Decision … Theory) correctly predicts the empirically observed relative difficulty of problems and speed of learning in human data. (2 …
Persistent link: https://www.econbiz.de/10011258337
Since 1950s, most African nations have gained independence from their colonial powers. Fortunately, independence has brought many changes to these nations and these include multi-party democratic government and western education systems. Unfortunately, the Africa’s economy is the least...
Persistent link: https://www.econbiz.de/10011259767
India has been in centre stage of developing economies and commends high respect in knowledge based industries India has opened it economy to international competition and Indian products now compete with best products of the world. Indian promoters have realized that human resource is basic for...
Persistent link: https://www.econbiz.de/10011260021
agent�s decision-making process. It argues that the unconscious can be modelled by a rational agent with his own objective … pleads for a wider use of substantive rationality in the understanding of human behavior. …
Persistent link: https://www.econbiz.de/10008924813
This is Chapter 4 from "Social Economics: An Alternative Theory" (St. Martin's Press, 1991). This chapter focuses on … the human subjects of economic study, suggesting that the psychology offered in neoclassical economics is severely … emphasis on "having." Economic theory also needs to evolve along with - and to assist in the constructive evolution of - real …
Persistent link: https://www.econbiz.de/10009021989
theory we might explain why some consumers choose one tourist destination instead of others. In the course of this essay, we … will discuss the limitations and approaches around the attachment theory and a potential application on tourism scope. …
Persistent link: https://www.econbiz.de/10008680971
agent's decision-making process. It argues that the unconscious can be modelled by a rational agent with his own objective … pleads for a wider use of substantive rationality in the understanding of human behavior. …
Persistent link: https://www.econbiz.de/10010667914
Financial freedom is generally understood as state to do anything whenever you want. Financial well being brings lot of direct benefits like mental peace and capability to help others financially. Gender equality is new development of last few decades and one sees women in various roles,...
Persistent link: https://www.econbiz.de/10011107806