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We develop a general method to solve models of interactions between multiple agents, including the possibility of strategic advantage for some of them. We argue that this type of model applies to the description of apparently irrational or biased behaviors in a person whose action is the...
Persistent link: https://www.econbiz.de/10011258738
This paper advocates that some limits of the rational agent hypothesis result from the improper assumption that one individual should be modeled as a single rational agent. We model an individual composed of two autonomous and interacting structures, conscious and unconscious. Each agent utility...
Persistent link: https://www.econbiz.de/10009647450
This article develops a general method to solve dynamic models of interactions between multiple strategic agents that extends the static model studied previously by the authors. It describes a general model of several interacting agents, their domination relations as well as a graph encoding...
Persistent link: https://www.econbiz.de/10011170147
We develop a general method to solve models of interactions between multiple and possibly strategic agents. Our model explains apparently irrational or biased behaviors in a person. We argue that these actions could result from several rational structures having different goals. Our main example...
Persistent link: https://www.econbiz.de/10010899628
Based on cognition as a key determinant in strategic decisions, this study employs a case study approach to explore how … decision-makers, especially business owners. This research suggests that family business owners pursue different family visions …, which leads to different interpretations of environmental information during strategic decision-making by highlighting …
Persistent link: https://www.econbiz.de/10010875399
de prise de décision : analogique, déductif et inductif. Ces processus soulignent la complexité des relations entre les …
Persistent link: https://www.econbiz.de/10010898885
В статье рассмотрена система мыследеятельностной методологии, разработанная отечественными учеными-методологами в 60-е годы 20 века с позиций ее применимости...
Persistent link: https://www.econbiz.de/10011231760
Persistent link: https://www.econbiz.de/10005810622
The paper presents an alternative interpretation of the experimental data published by Kahneman and Tversky in their 1992 study "Advances in Prospect Theory”, which describes the Cumulative version of their Prospect Theory from 1979. It was assumed that, apart from the operations made during...
Persistent link: https://www.econbiz.de/10005029705
The way people make decisions about future benefits – termed discounting - has important implications for both financial planning and health behaviour. Several theories assume that, when delaying gratification, the lower weight given to future benefits (the discount rate) declines...
Persistent link: https://www.econbiz.de/10005686049