observations, and the assumption of Bayesian rationality. Since no betting strategy is irrational, Bayesianism is useless as a … normative theory as well. …

systems, in which there is common knowledge of rationality and a common prior. We show here that common knowledge of … rationality is not needed: when rationality is satisfied in the support of an action-consistent distribution (a concept introduced … rational belief systems’ there may not be mutual knowledge of rationality, let alone common knowledge of rationality. In the …

different metal prices, where the discussion focuses in particular on the form of forecasters’ loss function and the rationality …

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 …

The weak rationality principle is not an empirical statement but a heuristic rule for how to proceed in social sciences …-foundation and, therefore, to employ the rationality assumption in economic models. Then, we discuss whether the anomalies of … individual behaviour as highlighted in modern behavioural economics impair the applicability of the weak rationality principle …