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Economist Frank H. Knight (1885--1972) is commonly credited with defining the distinction between decisions under ``risk'' (known chance) and decisions under ``uncertainty'' (unmeasurable probability) in his 1921 book Risk, Uncertainty and Profit. A closer reading of Knight (1921) reveals a host...
Persistent link: https://www.econbiz.de/10008684995
Il n'y a rien de nouveau à appliquer le concept d'artificialité aux organisations, pourtant peu de théoriciens ont suivis Herbert Simon qui dès le début des années 1940 soulignait que les firmes pouvaient être considérées comme des artefacts. Le présent article se propose de remédier...
Persistent link: https://www.econbiz.de/10010933902
Présentation de l'oeuvre de James March.
Persistent link: https://www.econbiz.de/10009650043
This paper revisits the tragedy of the commons when agents have different capabilities in both production and encroachment activities, and can allocate their time between them. Under fairly general assumptions on production and encroachment technologies, an individual's expected income is convex...
Persistent link: https://www.econbiz.de/10005827195
This paper revisits the tragedy of the commons when agents have different capabilities in both production and encroachment activities, and can allocate their time between them. Under fairly general assumptions on production and encroachment technologies, an individual's expected income is convex...
Persistent link: https://www.econbiz.de/10005100787
A large number of our daily activities are routinized in the sense that they are done without explicit deliberation. We provide a first model that captures this phenomenon. In a dynamic setting routines arise endogenously from the necessity to economize on time and attention. Routines are shown...
Persistent link: https://www.econbiz.de/10005100850
Dès lors que l'on s'intéresse aux comportements individuels et que l'on adopte implicitement une démarche d'individualisme méthodologique, le recours à une hypothèse de rationalité individuelle est nécessaire. A côté de l'hypothèse traditionnelle de rationalité dite "substantielle"...
Persistent link: https://www.econbiz.de/10005750953
Persistent link: https://www.econbiz.de/10005579193
In repeated-round auction mechanisms with endogenous market-clearing prices, i.e. when prices depend on submitted bids, the assumption of independent private values that underlines the property of incentive-compatibility is to be brought into question; even if these mechanisms provide active...
Persistent link: https://www.econbiz.de/10008565988
L’économie et les sciences sociales utilisent fréquemment la notion de rationalité, les travaux
Persistent link: https://www.econbiz.de/10010891105