Showing 1 - 10 of 69
We examine experimentally the effect of complexity on individual decision making. We focus on credit choices, as they … have been widely criticized for their complexity in recent years. In a first study, we find that complexity in benefits … leads to random mistakes, while complexity in costs leads to a specific mistake: choosing a high-benefit loan, with very …
Persistent link: https://www.econbiz.de/10011210868
This set of three volumes argues that the mind – human consciousness – may be measured by considering mathematically the aggregate of that consciousness, i.e. social history. From this beginning theme of discussion three questions must arise. 1. How might this measurement be made? 2. Of what...
Persistent link: https://www.econbiz.de/10011259509
I argue that a form of consciousness may be found in American economic history, one which is both mathematically demonstrable and important. In this book I present a model of economic and political growth based upon systematic addition. We begin with a philosophic model of trade (pp. 34-46);...
Persistent link: https://www.econbiz.de/10011259667
In sum, in these essays I explore the self-similarity between levels, the fractal structure of reality, through an investigation of an inherent and unavoidable uncertainty which is unique to each level. These essays will demonstrate that as each level struggles to resolve its own inherent...
Persistent link: https://www.econbiz.de/10011260442
This volume – Predicting Crisis: Five Essays on the Mathematic Prediction of Economic and Social Crises – is the first of three sets of essays. In this first set the economic and social history of the United States is shown to be a “system of movement,” i.e. a logical and mathematic...
Persistent link: https://www.econbiz.de/10011260672
This contribution concerns models and theories of structural economic dynamics. The theories and models analyzed in the paper follow two different approaches, circular and vertical, in the analysis of structural dynamics. The content of this contribution is essentially methodological. This work...
Persistent link: https://www.econbiz.de/10011260828
We investigate incidence and evolution of patent thickets. Our empirical analysis is based on a theoretical model of patenting in complex and discrete technologies. The model captures how competition for patent portfolios and complementarity of patents affect patenting incentives. We show that...
Persistent link: https://www.econbiz.de/10009643182
customizers better evaluate the degree to which they can fulfill the objective needs as well as their internal complexity level we …
Persistent link: https://www.econbiz.de/10005835503
Some economists (Mirowski, 2002) have asserted that the neoclassical economic model was motivated by Newtonian mechanics. This viewpoint encourages confusion. Theoretical mechanics is firmly grounded in reproducible empirical observations and experiments, and provides a very accurate description...
Persistent link: https://www.econbiz.de/10005835811
degree to which they can fulfill the objective needs as well as their internal complexity level, we have developed a key …
Persistent link: https://www.econbiz.de/10005836092