Showing 1 - 10 of 13,050
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 … agent might decide to become a suicide bomber – or to announce the attack and defect later. The paper shows why the decision … psychological concepts of cognitive dissonance and terror management theory into our economic analysis, we demonstrate why …
Persistent link: https://www.econbiz.de/10011753170
The replacement of appliances and other energy using products by more efficient ones is generally regarded as an effective strategy to reduce energy demand. However, the savings realized by this strategy may be lower than those theoretically expected or calculated from a technological point of...
Persistent link: https://www.econbiz.de/10010307925
It is fashionable to criticize economic theory for focusing too much on rationality and ignoring the imperfect and … them.Levine's book is essential reading for students and teachers of economic theory and anyone interested in the … psychology of economics. …
Persistent link: https://www.econbiz.de/10011902399
"spatial value number" reveals the incompatibility of rationality and aesthetics: the individual urban experience cannot be …
Persistent link: https://www.econbiz.de/10013479445
Recent research is exploring the case for cognitive or post-decision dissonance using the free-choice paradigm of Brehm … choice against a different alternative item. This tendency is interpreted as evidence for cognitive or post-decision … evidence of post-decision dissonance after a choice between items where one was viewed as more attractive than the other, but …
Persistent link: https://www.econbiz.de/10010285567
Indicators of trust, confidence, optimism or sentiment among consumers and/or investors, are published continuously in the mass media. More importantly, these indices seem not only to reflect how the state of the real economy is perceived by private agents, but can also help predict the future...
Persistent link: https://www.econbiz.de/10010300404
In our laboratory experiment, subjects, in sequence, have to predict the value of a good. The second subject in the sequence makes his prediction twice: first ("first belief"), after he observes his predecessor's prediction; second ("posterior belief"), after he observes his private signal. We...
Persistent link: https://www.econbiz.de/10012621137
Card issuers have mainly relied on rewards programs as their main strategic driver to increase electronic payments. However, there is scarce evidence on the effectiveness of rewards programs. This paper offers novel evidence on two key issues: i) it measures the impact of rewards programs on the...
Persistent link: https://www.econbiz.de/10011605187
with a finite decision. This paper suggests that this agonistic approach needs de-cisions or simply put, temporary … decisions drawn from seeing a decision as a solution for now. A de-cision is not a no-decision, but a decision recognised as … planning process from being a matter of reaching a finite decision to a strife about how to understand the present and which …
Persistent link: https://www.econbiz.de/10014442545