Showing 1 - 10 of 12,462
just obeying and, hence, to be irrational. In this paper we offer a different approach which postulates rationality of all …
Persistent link: https://www.econbiz.de/10011753167
This paper provides a theoretical analysis regarding the rationality of suicide attacks from an economist’s point of … psychological concepts of cognitive dissonance and terror management theory into our economic analysis, we demonstrate why … – although predicted by standard economic theory – defection is a phenomenon rarely observed. We finally present some policy …
Persistent link: https://www.econbiz.de/10011753170
"spatial value number" reveals the incompatibility of rationality and aesthetics: the individual urban experience cannot be …
Persistent link: https://www.econbiz.de/10013479445
Starting from Amartya Sen's works on rational behaviour, in this essay a contextually-embedded choice theory is … presented. Using concepts and tools from poset mathematics, we show how to inject in rational choice theory cultural and social …
Persistent link: https://www.econbiz.de/10011651411
Vertragsparität. Dabei wird auf die ökonomische Verhandlungstheorie und die Theorie der Wettbewerbsmärkte zurückgegriffen. Es werden …Based on economic bargaining theory and the theory of competitive markets, the paper operationalizes the legal term …
Persistent link: https://www.econbiz.de/10010296894
A multi-stage model on the course of war is presented: Individual battles are modeled as private value all-pay auctions with asymmetric combatants of two opposing teams. These auctions are placed within a multi-stage framework with a tug-of-war structure. Such framing provides a microfounded...
Persistent link: https://www.econbiz.de/10011390678
The uncovered interest rate parity equation is the cornerstone of most models in international macro. However, this equation does not hold empirically since the forward discount, or interest rate differential, is negatively related to the subsequent change in the exchange rate. This forward...
Persistent link: https://www.econbiz.de/10011430058
We develop a multi-agent framework based on probabilistic cellular automata theory to describe off-equilibrium dynamics … on the other players rationality is addressed within our multi-agent framework. We find that, if costs/payoffs act as …
Persistent link: https://www.econbiz.de/10011430083
We show that a common (identical across investors) irrationality in information processing can be enough to create nontrivial trade, using one of standard partial-equilibrium environments. We can attribute this trade to their common irrationality because we strip the investors and their...
Persistent link: https://www.econbiz.de/10012270858
Persistent link: https://www.econbiz.de/10014476354