Gerade vor dem Hintergrund der Finanzmarktkrise in 2008 sind die klassische Portfoliotheorie und die Wirkungsweise von Korrelationen erneut in die Kritik geraten. Svend Reuse analysiert das Verhalten von Korrelationen in Extremsituationen unter Berücksichtigung des irrationalen Marktverhaltens....

The papers in this volume explore various issues relating to theories of individual and collective choice, and theories of social welfare. The topics include individual and collective rationality, motivation and intention in economics, coercion, public goods, climate change, and voting theory....

Motivation -- Reputation als unternehmerische Zielgröße -- Die Relevanz von Unternehmensreputation für unternehmerisches Handeln -- Konstruktspezifikation: Methodische Aspekte für die Anwendbarkeit der Strukturgleichungsanalyse -- Ein Untersuchungsdesign für die Kundenwirkung von...

Economists’ “Irrational Passion for Dispassionate Rationality” -- The Methodological Constraints on the Rationality Premise -- Human Motivation and Adam Smith’s “Invisible Hands” -- Rationality in Economic Thought: From Thomas Robert Malthus to Alfred Marshall and Philip Wicksteed --...

Logit Models for Spatial Interaction: Background -- COST-MINIMIZING BEHAVIOR - CONSTANT LINK COSTS -- Logit Models for Discrete Choice -- Some Particular Logit Models -- Welfare, Benefit and Freedom of Choice -- Graphical Tests of Cost-Minimizing Behavior in Logit Models -- Empirical and Policy...

This volume addresses the subject of uncertainty from the point of view of an extended conception of rationality. In particular, the contributions explore the premises and implications of plausible reasoning when probabilities are non-measurable or unknown, and when the space of possible events...

The marriage of neuroscience and the science of choice behaviour gave birth to neuroeconomics. Jan de Jong explores this new discipline, investigating the relationship between choice behaviour and brain activity, and the light that this sheds on our systems of reasoning

This book provides an introduction to the theory of support-bargaining and money-bargaining. Support-bargaining arises from the propensity of all individuals to seek the support of those around them and is the underlying mechanism of democratic societies. It is also the underlying mechanism of...