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How might bounded rationality shape decisions to spend? A field experiment verifies a theory of bounded rationality as … suggest implications of bounded rationality for theory and social policy. …, (2) bounded rationality has certain greater effects on poorer people, and (3) deliberation costs can suppress screening …
Persistent link: https://www.econbiz.de/10008554086
model incorporating risk variables is presented. Then, we apply the models to a developing country (Bengal, India) and …
Persistent link: https://www.econbiz.de/10008478768
formerly in the dark. This article aims at giving a detailed analysis of the working and the rationality within the â …
Persistent link: https://www.econbiz.de/10005528186
, judgemental rationality and open systems are recommended for interdisciplinary investigations of poverty. [DSA, Annual conference …
Persistent link: https://www.econbiz.de/10005699110
How might bounded rationality shape decisions to spend? A field experiment verifies a theory of bounded rationality as … suggest implications of bounded rationality for theory and social policy. …, (2) bounded rationality has certain greater effects on poorer people, and (3) deliberation costs can suppress screening …
Persistent link: https://www.econbiz.de/10011149970
Nelson Mandela said, “During my lifetime I have dedicated myself to this struggle of the African people. I have fought against White domination, and I have fought against Black domination. I have cherished the ideal of a democratic and free society in which all persons live together in harmony...
Persistent link: https://www.econbiz.de/10011259042
established models. Modern-day economic developments are highly influenced by the theory of complexity. In terms of thermodynamics …
Persistent link: https://www.econbiz.de/10011266499
The recent earthquake in Japan and its impact on the Fukushima nuclear power plant is a tragic reminder of humanity’s ever growing dependence on energy for its socioeconomic development. Energy plays a central role in determining the effectiveness of economics. However, are the fundamental...
Persistent link: https://www.econbiz.de/10009228914
The modern economic theory implemented today is inherently flawed. Unfortunately these flaws are not apparent in … contemporary economic theory which is built on the idea that scarcity is an ever present condition; an approach referred to as … scarce resource theory (SRT) in operating level economics. The consequence of this is that leaders around the world and the …
Persistent link: https://www.econbiz.de/10009203644
If the heading has drawn your attention then it has achieved the second objective of this paper, its first objective being to lead the reader through a discussion of how economic scarcity is a reversible problem. This paper examines reasons why scarcity may remain unresolved by economics as a...
Persistent link: https://www.econbiz.de/10008548839