Summary Does evolutionary theory help, for a theory of the firm, or, more widely, a theory of organization? In this … analogy, is both useful and viable. Why should we try to preserve evolutionary theory, and will such theory stand up to … sustained critical analysis? How useful is it for theory of the firm? Evolutionary theory appears to be the most adequate theory …

Summary This paper is a brief history of game theory with its main theme being the nature of the decision makers … developments of what many believe to be progress in game theory. The first stage, classical game theory, is defined by John von … Neumann’s and Oskar Morgenstern’s pioneering book “Game Theory and Economic Behavior” which introduced the concept of …

rational choice theory, trust turns out to be a new form of control by calculation. This contribution suggests an alternative … concept of trust, compared to „situated trust“. This concept is based on a theory of practice approach and implies an actual …

Prinzip „theory with measurement“ zu realisieren. Diese Vorgehensweise wurde kürzlich von Blaug heftig kritisiert und von ihm … involvierten Beziehungen – bei der Analyse aber nicht auf (einfache) testbare Modelle. Dies wirft die Frage auf, wie Theorie und … a “theory with measurement”. This procedure was recently criticized vehemently by Blaug maintaining that there is only …

This paper tests empirically four models of bounded rationality using data from first responses in a Cournot duopoly …

Guessing games are often used in the behavioral economics literature to investigate the rationality of economic agents …. In this paper, the author uses a typical guessing game to examine not only the rationality of the test subjects but also …

The bounded rationality theory (BRT) has been perceived by social scientists as a more flexible version of the rational … choice theory (RCT), also called expected utility theory. The former has the avantage of taking into consideration the fact … useful, but far from representing a general theory which could explain the various kinds of behaviour the social sciences are …