Showing 1 - 10 of 74
I investigate the relationship between university rankings and economic growth and found that the relationship is statistically significant. The more the number of universities that a country has in international university rankings, the higher its GDP per capita. What is more surprising is...
Persistent link: https://www.econbiz.de/10013061096
In this paper we characterize the existence of best choices of arbitrary binary relations over non finite sets of alternatives, according to the Generalized Optimal-Choice Axiom condition introduced by Schwartz. We focus not just in the best choices of a single set X, but rather in the best...
Persistent link: https://www.econbiz.de/10005616780
We consider the problem of estimating the unconditional distribution of a post-model-selection estimator. The notion of a post-model-selection estimator here refers to the combined procedure resulting from first selecting a model (e.g., by a model selection criterion like AIC or by a hypothesis...
Persistent link: https://www.econbiz.de/10005619444
In this paper the theory developed in the paper �The Fundamental Theory of Knowledge� by the same author is developed … theory of Knowledge� are tested against this concept of timelessness and independence of point X, if a contradiction where to … be found the theory would have serious contradictions, the paper proves that there are no contradictions. The principles …
Persistent link: https://www.econbiz.de/10005619601
to be at the forefront of economics, as it should be. Knowledge economics demonstrates the power of knowledge theory into … investment decision making policy by individuals and institutions. The paper discusses the different research types that take … place and the different risks associated with each type of risk been associated with time. Strategy using game theory is …
Persistent link: https://www.econbiz.de/10005620125
, we investigate the consistency of individual behavior within and across different classes of games. Second, we analyze … is the classical theory of selfish behaviorthat delivers the best explanation. Stable behavior over time is observed only …
Persistent link: https://www.econbiz.de/10005789547
consistency and elementary axioms uniquely identify linear and proportional marginal attribution. These are the Shapley (1953) and … proportional (Feldman (1999, 2002) and Ortmann (2000)) values of the dual of the implied cooperative game. Random order consistency …
Persistent link: https://www.econbiz.de/10005789768
This paper advocates that some limits of the rational agent hypothesis result from the improper assumption that one individual should be modeled as a single rational agent. We model an individual composed of two autonomous and interacting structures, conscious and unconscious. Each agent utility...
Persistent link: https://www.econbiz.de/10009647450
possible covariates and economic theory offers insufficient guidance on how to select the appropriate subset. In this context …
Persistent link: https://www.econbiz.de/10009650656
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