Harstad and Selten (this forum) raise interesting questions about the relative promise of optimization models and bounded-rationality models in making progress in economics. This article builds from their analysis by indicating the potential for using neoclassical (broadly defined) optimization...

People believe that, even in very large samples, proportions of binary signals might depart significantly from the population mean.  We model this "non-belief in the Law of Large Numbers" by assuming that a person believes that proportions in any given sample might be determined by a rate...

Das Management von Enron bediente sich moralisch fragwuerdiger Praktiken (‘Bad Practices’), die zu dem spektakulaeren Aufstieg und Fall des Unternehmens beitrugen. Wie konnten sich diese Bad Practices etablieren? Um diese Frage zu beantworten, betrachten wir vier Verhaltensmechanismen und...

The thesis resulting from the research on the "costs - effects" relation is the principle of economic efficiency of defence capabilities. At first glance, the arguments in this direction are well-known and popular in crisis situations of various nature, including the current financial and...

This paper review and examine how strategic management researchers apply research methods, and what strategies use as part of the research process, to locate, organize, manage, transform, create, communicate and evaluate research tools, data and information resources. It also analyzes recent...

Evidence of Illusion of Control – the fact that people believe to have control over pure chance events – is a recurrent finding in experimental psychology. Results in economics find instead little to no support. In this paper we test whether this dissonant result across disciplines is due to...

We report experimental results from three Colombian villages concerning the impact of a voting mechanism on interpersonal trust and trustworthiness. The vote is purely consultative in that participants are asked to declare in a secret ballot the most “appropriate” plan of action for...

The unintelligibility of the social and economic phenomena is due to isolation from the various backgrounds that has driven and maintained them. The conspiratorial reasoning insists over those backgrounds and focuses on identifying the intentionality in the primary cause. Throughout history,...

The purpose of the monography is to develop the methodology for analysis of socio-economic systems. To this end, we propose a holistic concept including the system of interrelated concepts and categories, exposing the underlying mechanisms, cause-and-effect relationships and regularities of...