Similar Search Results

The Origin of Prospect Theory, or Testing the Intuitive Statistician

Heukelom, Floris - 2005

The origin of prospect theory is the desire to test the intuitive statistician in the real world. The development of … this theory by the cognitive psychologists Kahneman and Tversky can be traced to the former's work in cognitive … psychophysics, in which deviations from average behavior are termed (statistical) errors; and the latter's work on decision theory …

Persistent link: https://www.econbiz.de/10010325337

Keynes' Überlegungen zu unternehmerischem Handeln unter Unsicherheit

Hecker, Christian - In: Wirtschaftsdienst 101 (2021) 4, pp. 299-304

Aus Sicht von Keynes hängt das Erfolgspotenzial der Marktwirtschaft nicht nur von der staatlichen Wirtschaftspolitik ab, sondern ebenso vom Wirken vorausschauender Unternehmer:innen. Diese sollen sich seiner Meinung nach dadurch auszeichnen, dass sie trotz allgegenwärtiger Unsicherheit...

Persistent link: https://www.econbiz.de/10012606071

Fundamental uncertainty, portfolio choice, and liquidity preference theory

Pasche, Markus - 2009

One of Keynes' core issues in his liquidity preference theory is how fundamental uncertainty affects the propensity to …

Persistent link: https://www.econbiz.de/10010267088

Fundamental uncertainty, portfolio choice, and liquidity preference theory

Pasche, Markus - 2009

One of Keynes’ core issues in his liquidity preference theory is how fundamental uncertainty affects the propensity to …

Persistent link: https://www.econbiz.de/10010299492

Is neoclassical economics still entrepreneurless?

Bianchi, Milo; Henrekson, Magnus - 2005

We review and evaluate some recent contributions on the modeling of entrepreneurship within a neoclassical framework, analyzing how and to what extent the fundamental ingredients suggested in the social science literature were captured. We show how these approaches are important in stressing the...

Persistent link: https://www.econbiz.de/10010281398

Wassily Leontief's Research Program: Science, beliefs, institutions

Carret, Vincent - 2023

Wassily Leontief met with decades of success for the development of input-output analysis, and yet he remained a staunch critic of the economics profession throughout his life. To understand his success, its limits, and the origins of his discontent, I separate the scientific activities of...

Persistent link: https://www.econbiz.de/10014426913

The Humanistic Economics of Krausismo

Dierksmeier, Claus - In: Journal of Contextual Economics – Schmollers Jahrbuch 140 (2020) 1, pp. 65-86

Current efforts of reconciling economics with ethics, as exemplified by the works of Amartya Sen, may be assisted by a glance back into the history of ideas. A tradition typically overlooked in Anglo-American scholarship, the Spanish and Latin America movement of krausismo, proposed a conception...

Persistent link: https://www.econbiz.de/10014521987

The Early Reception of Carl Menger's Grundsätze: A Bibliographical Note

Salazar, Federico - In: Journal of Contextual Economics – Schmollers Jahrbuch 141 (2021) 4, pp. 343-362

the cornerstones of the marginal revolution and the turn to subjective value theory. …

Persistent link: https://www.econbiz.de/10014524187

The aggregate production function and Solow's "three denials"

Felipe, Jesus; McCombie, John S. L. - 2024

undermined its raison d'être. They are the Cambridge Capital Theory Controversies, the Aggregation Problem, and the Accounting …) growth theory, which is presented in most economics departments and macroeconomics textbooks as the only theory worth …

Persistent link: https://www.econbiz.de/10014581845

Hayek Reads the Literature on the Emergence of Norms

Andreozzi, Luciano - 2005

Hayek's approach to cultural and institutional evolution has been frequently criticized because it is explicitly based on the controversial notion of (cultural) group selection. In this paper this criticism is rejected on the basis of recent works on biological and cultural evolution. The...

Persistent link: https://www.econbiz.de/10010261518