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Newly created enterprises increase the dynamism of economies and generate employment. Thus, they are the object of growing research interest. Forming a new company represents a decision based on both personal and subjective motives, as well as on the environment. But regardless of the origin, a...
Persistent link: https://www.econbiz.de/10010567197
phenomenon of entrepreneurship. We explore how the most economic of human behaviours, entrepreneurship, came to be largely … excluded from mainstream economic theory. In contrast, we report that evolutionary economists have acknowledged the importance … economic analysis be fully embedded in complex economic system theory and that associated understandings as to how humans react …
Persistent link: https://www.econbiz.de/10010576973
Persistent link: https://www.econbiz.de/10008926375
No abstract.
Persistent link: https://www.econbiz.de/10010684415
Boundedly rational managerial actors struggling to process information often use a limited set of “theories of action,” or simple rules. However, simple rules may have a hierarchical structure, with some simple rules guiding others. Assuming the existence of such “keystone rules,” we...
Persistent link: https://www.econbiz.de/10011095131
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