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This article deals with approximation of empirical distribution to standard normal distribution using Johnson transformation. This transformation enables us to approximate wide spectrum of continuous distributions with a normal distribution. The estimation of parameters of transformation...
Persistent link: https://www.econbiz.de/10011315938
Persistent link: https://www.econbiz.de/10009449676
including scenarios, political risk and application of chaos theory. The paper outlines a framework for classifying shocks …
Persistent link: https://www.econbiz.de/10009448389
This article assesses the usefulness of transaction cost economics when we view economic organizations, such as firms as complex adaptive systems. Modern complexity science is a radically different in orientation to neoclassical economics, which deals with decision making in contexts that are...
Persistent link: https://www.econbiz.de/10009448627
chaos and complexity theory lens.Design/Methodology/Approach: Since chaos and complexity theories are proposed as a good …, using complexity theory tounderstand how to cope in complex, turbulent environments is necessary, but has not been widely … researched. In fact,most chaos and complexity theory work in marketing has concentrated on marketing strategy, with little …
Persistent link: https://www.econbiz.de/10009458962
marketsare complex adaptive systems, using complexity theory to increase understanding of how to cope incomplex and turbulent …
Persistent link: https://www.econbiz.de/10009458963
theory to develop marketing tactics could be helpful in turbulent environments.Research limitations/implications: The …
Persistent link: https://www.econbiz.de/10009458967
characteristic of chaos theory, sensitive dependence on initial conditions (the butterfly effect) is at work in word of mouth. This … paper reviews word of mouth literature from a chaos/complexity theory perspective. Using a multiple case study approach, the … mouth proactively, and that it is an effective marketing tool for turbulent environments. Furthermore, chaos theory is shown …
Persistent link: https://www.econbiz.de/10009458977
"The common-property literature has often focused on the question of efficiency. Here we consider distributional issues instead. How should the benefits of the commons (say, a fishery) be distributed? We approach the question from the viewpoint of ownership rather than income redistribution. "A...
Persistent link: https://www.econbiz.de/10009468330
"Institutional approaches to social dilemmas have so far focused on how to create incentive structures that channel individuals' behavior into socially desirable outcomes assuming that everyone is selfish. However, the presumption of universal selfishness is not only empirically invalid but may...
Persistent link: https://www.econbiz.de/10009468335