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bezüglich aller zukünftigen Renditen entsprechen. So plausibel dieser Zusammenhang in der Theorie ist, so komplex und … messbar ist. Thilo Helpenstein leistet einen Erklärungsbeitrag zum besseren Verständnis der Erwartungsbildung des Marktes …
Persistent link: https://www.econbiz.de/10014020459
Chapter 1 Introduction -- Chapter 2 Demand, Technology, and the Theory of the Firm -- Chapter 3 Introductory Game … Theory and Economic Information -- Chapter 4 Behavioral Economics -- Chapter 5 Perfect Competition and Market Imperfections ….This text puts more emphasis on the micro-foundations (i.e., consumer and producer theory),classic game theoretic models, and …
Persistent link: https://www.econbiz.de/10014016020
Over the last decades, technological progress has brought about a multitude of standardization problems. For instance, compatibility standards ensure the interoperability of goods, which is of decisive importance when users face positive externalities in consumption. Consumers' expectations are...
Persistent link: https://www.econbiz.de/10013520491
framework of game theory in order to better fit with the results of rapidly increasing laboratory experiments concerned with …
Persistent link: https://www.econbiz.de/10013520755
Classical microeconomics is intended to explain how a price system is able to coordinate the economic agents. But even if it can be extended to incomplete information and externalities, it remains grounded on very heroic assumptions. Agents are endowed with a very strong rationality, equilibrium...
Persistent link: https://www.econbiz.de/10013520501
his contributions to game theory are well-known, the behavioral side of his scientific work has received less public …
Persistent link: https://www.econbiz.de/10013522862
theory is not an adequate foundation for modeling systemic and extreme risk in complex financial systems. He proposes a new … Assessment and Management In Search of a New Paradigm: The Third Way as a Road to Logic-Based Risk Modeling (LBR) Meta Level … theory is not an adequate foundation for modeling systemic and extreme risk in complex financial systems. He proposes a new …
Persistent link: https://www.econbiz.de/10012397671
This study discusses the implications of the recursive or self-reflexive effects of economic theories on bounded rational behaviour and interaction. It focuses on the mechanisms through which bounded rational actors perceive the self-referential nature of economic theories and might absorb their...
Persistent link: https://www.econbiz.de/10013521099
This book sets the agenda to turn behavioral economics, which has long been considered a subordinate discipline, into mainstream economics. Ghisellini and Chang expose the conceptual and empirical inadequacy of conventional economics using illustrations of real world decision-making in a dynamic...
Persistent link: https://www.econbiz.de/10012396820
Das Versagen der ökonomischen Theorie in der Praxis- Beispiele -- Analyse der Gründe und Ursachen -- Berücksichtigung … Wirklichkeit immer wieder? Was sind die Schwachstellen der aktuellen ökonomischen Theorie? Wie kann man bessere Modelle für die …
Persistent link: https://www.econbiz.de/10014020076