Showing 1 - 5 of 5
This work is based on Prospect theory, which was developed by D. Kahneman and A. Tversky in 1979. This is one the most quoted and best-documented point of view in economic psychology. First of all, it replaces, once again, the notion of utility with value. But value is defined in terms of gains...
Persistent link: https://www.econbiz.de/10005154578
called statistical inference. A major problem of the inference is the variability. …
Persistent link: https://www.econbiz.de/10005581591
The paper is aimed to derive, on criticism basis (following, especially, the critic rationalism, as method), epistemological suggestions from the crucial work of Nicholas Georgescu-Roegen, “The Entropy Law and the Economic Process”, in order as these suggestions or challenges constitute...
Persistent link: https://www.econbiz.de/10008464178
pass off the rationality of optimality and to enter the rationality of sustainability. Each of these suggestions (explicit … evolutive processes are going, and to think, with more maturity, to the way in which the human rationality could answer the …
Persistent link: https://www.econbiz.de/10005099678
The present financial crisis will considerably influence the architecture of contemporary banking systems. In this context, we will witness a series of changes from the point of view of the number of institutions, their typology, sources and the ways to attract resources, the property’s form...
Persistent link: https://www.econbiz.de/10009140954