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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 philosophy, economics and psychology, I review many important findings … 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
The biophysical limits of the monetary production economy are being formally explored, concerning the root causes of cyclical crises. At the end of this brief methodical discussion, an open guess is presented for a further investigation to resolve the 'mystery' of monetary systems behavior.
Persistent link: https://www.econbiz.de/10011113753
Information technology-based innovation involves considerable risk that requires insight and foresight. Yet, our understanding of how managers develop the insight to support new breakthrough applications is limited and remains obscured by high levels of technical and market uncertainty. This...
Persistent link: https://www.econbiz.de/10011260273
Modern investment theory takes it for granted that a Security Market Line (SML) is as certain as its "corresponding" Capital Market Line. (CML). However, it can be easily demonstrated that this is not the case. Knightian non-probabilistic, information gap uncertainty exists in the security...
Persistent link: https://www.econbiz.de/10005260204
uncertainty in conjunction with sunk costs fundamentally affecting firms’ decision-making and altering the structure of industries …
Persistent link: https://www.econbiz.de/10005260323
While Environmental Management Systems Standards (EMSS) have been advocated by policy makers and consultants on the … paper tests four hypotheses with regard to the significance of a number of factors in a company's decision to implement EMSS …. Specifically, it assesses whether a company would be more likely to implement EMSS if its management has a positive perception of …
Persistent link: https://www.econbiz.de/10009322657
-ups. Department of decision-making was created and packages for data collection and analyses were improvised. However, all these …
Persistent link: https://www.econbiz.de/10009359954
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
sub-optimal choices in complex decision problems. Firms can exploit these limitations by introducing spurious complexity …
Persistent link: https://www.econbiz.de/10008476365
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