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models under debate and a first empirical outlook of their consequences on the gambling market, especially on the sport …
Persistent link: https://www.econbiz.de/10009647397
Using a laboratory experiment we investigate how skew in uences choices under risk. We find that subjects make significantly riskier choices when the distribution of payoffs is positively skewed, these choices being driven in part by the shape of the utility function but also by subjective...
Persistent link: https://www.econbiz.de/10005027114
of gambling, and spread to extremely large volume. Although, the unethical practices from a financial institution …
Persistent link: https://www.econbiz.de/10011112053
This paper examines whether investors exhibit a New Year's gambling preference and whether such preference impacts …
Persistent link: https://www.econbiz.de/10008636503
treated with reference to a specific price index, the monetary expression of labour value (MEV), which accounts for both … Interpretation’ money expression of living labour time, which does not consider the opportunity-cost of capital and, following the … erroneous net value equality, focuses on the money value of the living labour time commanded by commodities at a given wage rate …
Persistent link: https://www.econbiz.de/10011259280
’s theoretical treatment of value and capital. It implies the abandonment of the ‘pure’ labour theory of value of the young Marx in … favour of a ‘mixed’ labour-and capital theory of value reflecting the different theoretical perspective shown by the mature …’ between the net product of the economy and the living labour employed in the production of gross output. A different method …
Persistent link: https://www.econbiz.de/10011259412
which both labour and capital are directly productive. The guidelines of an analytical method are proposed. Marx’s ‘monetary … expression of abstract labour-value’ (MEV) is used as price-index. It is preferred to the ‘monetary expression of labour time …’ (MELT), exclusively focused on living labour, suggested by some neo-Marxist scholars during the ’New Value Controversy’. The …
Persistent link: https://www.econbiz.de/10011259439
This paper was presented to the May 2013 conference of the Postglobalization Initiative in Moscow, and deals with the function of economics in the modern world order. It seeks to explain why, as a profession (notwithstanding individual exceptions) economics failed to predict the crisis that...
Persistent link: https://www.econbiz.de/10011260071
The purpose of the monography is to develop the methodology for analysis of socio-economic systems. To this end, we propose a holistic concept including the system of interrelated concepts and categories, exposing the underlying mechanisms, cause-and-effect relationships and regularities of...
Persistent link: https://www.econbiz.de/10011260402
A comparison of the 2007-08 crisis with that of 1929 showed its extreme gravity, but it also may have implied that the old harmful mistakes would not be repeated. After four years, the crisis has not been solved and it even threatens to worsen. Neo-conservative Republicans claim that this is...
Persistent link: https://www.econbiz.de/10011260788