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A Theory of Attribution
Feldman, Barry - Volkswirtschaftliche Fakultät, … - 2007
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
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Evolutionary Model of Non-Durable Markets
Kaldasch, Joachim - Volkswirtschaftliche Fakultät, … - 2011
Presented is an evolutionary model of consumer non-durable markets, which is an extension of a previously published paper on consumer durables. The model suggests that the repurchase process is governed by preferential growth. Applying statistical methods it can be shown that in a competitive...
Persistent link: https://www.econbiz.de/10009323245
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On Discounted Dynamic Programming with Unbounded Returns
Matkowski, Janusz; Nowak, Andrzej S. - Volkswirtschaftliche Fakultät, … - 2008
In this paper, we apply the idea of $k$-local contraction of \cite{zec, zet} to study discounted stochastic dynamic programming models with unbounded returns. Our main results concern the existence of a unique solution to the Bellman equation and are applied to the theory of stochastic optimal...
Persistent link: https://www.econbiz.de/10005786929
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Rationality and choices in economics: behavioral and evolutionary approaches
Graziano, Mario; Schilirò, Daniele - Volkswirtschaftliche Fakultät, … - 2012
The paper critically discusses the issue of rationality and choices in economics in both the behavioural and … the analysis of economic choices, showing the limits of rationality. On the other hand, the work offers a reinterpretation … single and undifferentiated thought, locked into the idea of perfect rationality, but, on the opposite, is a discipline that …
Persistent link: https://www.econbiz.de/10009418485
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On apparent irrational behaviors : interacting structures and the mind
Gosselin, Pierre; Lotz, Aileen; Wambst, Marc - Volkswirtschaftliche Fakultät, … - 2013
We develop a general method to solve models of interactions between multiple agents, including the possibility of strategic advantage for some of them. We argue that this type of model applies to the description of apparently irrational or biased behaviors in a person whose action is the...
Persistent link: https://www.econbiz.de/10011258738
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Inconsistency Pays?: Time-inconsistent subjects and EU violators earn more
Berg, Nathan; Eckel, Catherine; Johnson, Cathleen - Volkswirtschaftliche Fakultät, … - 2010
into question whether axioms of internal consistency—and violations of these axioms that behavioral economists frequently …
Persistent link: https://www.econbiz.de/10008693573
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From Rationality to Irrationality : Dynamic Interacting Structures
Gosselin, Pierre; Lotz, Aïleen; Wambst, Marc - Volkswirtschaftliche Fakultät, … - 2015
This article develops a general method to solve dynamic models of interactions between multiple strategic agents that extends the static model studied previously by the authors. It describes a general model of several interacting agents, their domination relations as well as a graph encoding...
Persistent link: https://www.econbiz.de/10011170147
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A dynamic model of interactions between conscious and unconscious
Lotz, Aileen; Gosselin, Pierre - Volkswirtschaftliche Fakultät, … - 2012
supports the widening of the notion of rationality to multi-rationnality in interaction. …
Persistent link: https://www.econbiz.de/10009647450
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Improving Distributed Intelligence in Complex Innovation Systems
Kuhlmann, Stefan; Boekholt, Patries; Georghiou, Luke; … - Volkswirtschaftliche Fakultät, … - 1999
Science and technology (S&T) are considered to be a central source, or at least a basic medium, of societal and industrial innovation, while innovation is conceived to basically feed the regeneration of our welfare. The suppliers of S&T in Europe as well as the users of their „products“, are...
Persistent link: https://www.econbiz.de/10005835616
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Perfect Competition
Khan, M. Ali Khan - Volkswirtschaftliche Fakultät, … - 2007
In his 1987 entry on ‘Perfect Competition’ in The New Palgrave, the author reviewed the question of the perfectness of perfect competition, and gave four alternative formalisations rooted in the so-called Arrow-Debreu-Mckenzie model. That entry is now updated for the second edition to...
Persistent link: https://www.econbiz.de/10005835702