Showing 1 - 10 of 1,088
different metal prices, where the discussion focuses in particular on the form of forecasters’ loss function and the rationality …
Persistent link: https://www.econbiz.de/10010927999
"Expectations regarding the economic development might be correlated due to various reasons: because individuals use the same public information and similar evaluation methods, and because of social learning or herding amongst peers. We analyse to what extent expectations are driven by herd...
Persistent link: https://www.econbiz.de/10010641636
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 …
Persistent link: https://www.econbiz.de/10008509571
Libertarian paternalism justifies government intervention in private transactions with the irrationality of the choices made by the citizens involved. The legitimacy of these interventions is based on the condition that the citizen's freedom of choice is to be respected. Based on a description...
Persistent link: https://www.econbiz.de/10011165221
Zusammenfassung: Es gibt eine wachsende Literatur zur "verhaltensorientierten" bzw. "psychologischen" Spieltheorie. Die meisten dieser Ansätze beziehen verschiedene Vorstellungen von Fairness, Ungleichheitsaversion oder andere intrinsische Motive in die Nutzenfunktion ein, um empirisch...
Persistent link: https://www.econbiz.de/10005785947
The purpose of this paper is to show peculiarities of traditional and experiential marketing and describe why experiential marketing is better way to understand consumer behaviour. Comparative analysis shows the main characteristics of traditional and experiential marketing. Traditional...
Persistent link: https://www.econbiz.de/10010970407
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 …
Persistent link: https://www.econbiz.de/10010986695
This article addresses major arguments in the controversy about the “rationality” of moral behavior: can moral behavior … be explained by rational choice theory (RCT)? The two positions discussed are the incentives thesis (norms are incentives … assumption of “bounded rationality.” The autonomy thesis is only compatible with a narrow version of RCT that excludes internal …
Persistent link: https://www.econbiz.de/10010988784
The ability to strategically reason is important in many competitive environments. In this paper, we examine how relatively mild temporal variations in cognition affect reasoning in the Beauty Contest. The source of temporal cognition variation that we explore is the time-of-day that decisions...
Persistent link: https://www.econbiz.de/10010988967
generations. Reason and rationality can work in a complementary fashion to make investment long-term in its perspective and …
Persistent link: https://www.econbiz.de/10010989870