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We present a model of learning in which agents learn from errors. If an action turns out to be an error, the agent … an acceptable solution is asymptotically reached. Moreover, one can take advantage of big errors for a faster learning. …
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similar countries. It treats this phenomenon from the point of view of the theory of structure of production, highlighting the … Menger, Eugen von Boehm-Bawerk and their followers of the so-called Austrian school of economics. Simple theory of production … structure theory for the analysis of intraindustry trade. We accordingly apply the concepts of the structure of production on …
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Kontrakcia svetovej ekonomiky bude mať výrazne negatívny vplyv na všetky oblasti života spoločnosti. Sú hospodárske krízy predikovateľné? Ex post štúdie nasvedčujú, že skôr nie. Je možné odhadnúť riziko a pravdepodobnosť vzniku krízy, avšak nie čas ich skutočnej...
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The paper is concerned with the famous study "The Protestant Ethic and the Spirit of Capitalism" (1904/1905) by Max Weber. It analyzes both main content and context of this work. It is shown that the main idea of the "Protestant Ethic" is not originally one of Weber, but it was taken over from...
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Results of a survey concerning the importance of quality management of the educational process among high officials of Czech universities and colleges are summarized in this article. Three of possible methods of quality management in the educational process are described here: Standardization...
Persistent link: https://www.econbiz.de/10005258340
This paper presents the basics of the Transaction cost theory (TCT) and shows it's contribution to the Theory of the … TCT mainly by O. E. Williamson. The theory is based on asset specificity. The formal model with the human asset …
Persistent link: https://www.econbiz.de/10009401149