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In the literature of psychology and economics it is frequently observed that individuals tend to imitate similar individuals. A fundamental question is whether the outcome of such imitation can be consistent with self-interested behaviour. We propose that this consistency requires the existence...
Persistent link: https://www.econbiz.de/10011593822
In the literature of psychology and economics it is frequently observed that individuals tend to imitate similar individuals. A fundamental question is whether the outcome of such imitation can be consistent with self-interested behaviour. We propose that this consistency requires the existence...
Persistent link: https://www.econbiz.de/10014073854
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This book is a collection of essays in honor of John C. Harsanyi. Originally, we hoped that it would be ready in the year of his 70th birthday, but we did not quite succeed. It sometimes takes longer than anticipated to do things as well as one wants. I think that John Harsanyi will understand...
Persistent link: https://www.econbiz.de/10013522591
The paper re-expresses and complements arguments against the normative validity of expected utility theory in Robin Pope (1983, 1991a, 1991b, 1985, 1995, 2000, 2001, 2005, 2006, 2007). The objections concern the neglect of the evolving stages of knowledge ahead (stages of what the future will...
Persistent link: https://www.econbiz.de/10003850661
The paper re-expresses arguments against the normative validity of expected utility theory inRobin Pope (1983, 1991a, 1991b, 1985, 1995, 2000, 2001, 2005, 2006, 2007). These concern the neglect of the evolving stages of knowledge ahead (stages of what the future will bring). Such evolution is...
Persistent link: https://www.econbiz.de/10003943834