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This paper is motivated by the observation that (1) socio economic analysis uses significantly less formalisms than mainstream economics, and (2) that there exist numerous situations in which socio economics could benefit from a more formal analysis. This is particularly the case if institutions...
Persistent link: https://www.econbiz.de/10011122830
language dimensions of the argumentation in economy has advantages for the field of the explanation and the epistemology in the …
Persistent link: https://www.econbiz.de/10008533260
In this brief note describes the trajectory of the fractal models/multifractal F/M by Benoit Mandelbrot. The promise was discovered by the geometry of Mandelbrot covers a broad area of research fields, from meteorology and mathematical physics to the individual and collective behavior in...
Persistent link: https://www.econbiz.de/10008855239
Posthumous tributes to Benoit Mandelbrot (1924-2010) have highlighted his remarkable influence on the natural sciences, from geometry to meteorology, to theories with non-Euclidean spaces and geospatial models approach. Mandelbrot culminates a series of major thinkers going back to classical...
Persistent link: https://www.econbiz.de/10009004033
The value of information is examined in a single-agent environment with unawareness. Although the agent has a correct prior about events he is aware of and has a clear understanding of his available actions and payoffs, his unawareness may lead him to commit information processing errors and to...
Persistent link: https://www.econbiz.de/10011263576
This article provides a brief survey of the literature on unawareness and introduces the contributions to the special issue on unawareness in Mathematical Social Sciences. First, we provide a brief overview both about epistemic models of unawareness and models of extensive-form games with...
Persistent link: https://www.econbiz.de/10010826373
, and which satisfies strong properties of knowledge as well as all the desiderata on unawareness proposed this far in the …
Persistent link: https://www.econbiz.de/10005008472
among several individuals and strong properties of knowledge. We show that this generalized state-space model arises …
Persistent link: https://www.econbiz.de/10005785792
-trivial unawareness among several individuals, and which satisfies strong properties of knowledge as well as all the desiderata on …
Persistent link: https://www.econbiz.de/10005785823
Morris (1996, 1997) introduced preference-based definitions of knowledge of belief in standard state-space structures … defining unawareness and knowledge in terms of preferences over acts in unawareness structures and showing their equivalence to … the epistemic notions of unawareness and knowledge, we try to build a bridge between decision theory and epistemic logic …
Persistent link: https://www.econbiz.de/10008914729