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Complexity, Bounded Rationality and Heuristic Search
MacLeod, W. Bentley - In: Contributions in Economic Analysis & Policy 1 (2002) 1
role of emotion in rational choice theory.  …
Persistent link: https://www.econbiz.de/10014587476
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Capital Budgeting with Taxes under Uncertainty and Irreversibility / Investitionsplanung mit Steuern bei Unsicherheit und Irreversibilität
Niemann, Rainer; Sureth, Caren - In: Jahrbücher für Nationalökonomie und Statistik 225 (2005) 1, pp. 77-95
neutrality and risk aversion for irreversible investment projects. Integrating taxes into real option theory, it can be shown … irreversiblen Investitionen unter Risikoneutralität und Risikoaversion. Durch Integration der Besteuerung in realoptionsbasierte … Risikoneutralität zu identischen Investitionsentscheidungen führen. Unter Risikoaversion dagegen benötigt contingent claims analysis ein …
Persistent link: https://www.econbiz.de/10014609028
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Is this network for you or for me? The pursuit of self and collective interests in a strategic network
Munksgaard, Kristin Balslev - In: Journal of Business & Industrial Marketing 30 (2015) 3/4, pp. 279-289
Purpose – This paper aims to contribute by providing a more comprehensive understanding of the inter-relatedness of business goals among firms in strategic networks by exploring the following research question: How do different business goals coexist in networks? When joining a strategic...
Persistent link: https://www.econbiz.de/10014844798
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Sex, benevolence and willingness to pay for screening
Whynes, David; Sach, Tracey - In: International Journal of Social Economics 43 (2016) 10, pp. 982-997
Purpose The purpose of this paper is to report the findings of a contingent valuation (CV) survey of health care services, designed to illuminate self-interest and benevolence on the part of one sex for the other. Design/methodology/approach In a constructed scenario, men and women recorded how...
Persistent link: https://www.econbiz.de/10014807669
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Individual and society in an Islamic ethical framework
Furqani, Hafas - In: Humanomics 31 (2015) 1, pp. 74-87
Purpose – The paper aims to produce new key terminologies for the microfoundations of Islamic economics. The paper attempts to investigate the microfoundations of Islamic economics by exploring new perspective in the key concepts and key terminologies that would explain the behavior of...
Persistent link: https://www.econbiz.de/10014745723
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Relative deprivation, self-interest and social justice: why I do research on in-equality
S.W. Ng, Eddy - In: Equality, Diversity and Inclusion: An International Journal 33 (2014) 5, pp. 429-441
Purpose – The purpose of this paper is to offer an insight into why men do research on in-equality. Design/methodology/approach – The author utilizes autoethnography, as a form of self-reflection, to help make sense of the own experiences and to connect it with the broader world. It is a...
Persistent link: https://www.econbiz.de/10014720402
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What drives international remittances to Africa
Nnyanzi, John Bosco - In: African Journal of Economic and Management Studies 7 (2016) 3, pp. 397-418
Purpose The purpose of this paper is to investigate the macro-economic and institutional drivers of remittance inflows to Africa. Design/methodology/approach The paper uses an enhanced gravity model in a random effects framework to test two hypotheses dominant in literature as well as the...
Persistent link: https://www.econbiz.de/10014668734
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What Model Best Describes Initial Choices in a Cournot Duopoly Experiment?
Runco, Mariano Gabriel - In: International Journal of Applied Behavioral Economics … 5 (2016) 2, pp. 31-45
This paper tests empirically four models of bounded rationality using data from first responses in a Cournot duopoly experiment. Specifically, the models considered are Level-k, Quantal Response Equilibrium, Noisy Introspection and Logit Cognitive Hierarchy. It is found that the Level-k model...
Persistent link: https://www.econbiz.de/10012042535
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Strategic Uncertainty in the Guessing Game and the Role and Effects of a Public Common Noise Player
Kasahara, Tetsuya - In: International Journal of Applied Behavioral Economics … 6 (2017) 2, pp. 23-36
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 degree of their strategic uncertainty in playing...
Persistent link: https://www.econbiz.de/10012042546
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A Theatre Attendance Model
Bisceglia, Michele - In: International Journal of Applied Behavioral Economics … 6 (2017) 3, pp. 23-38
In this manuscript, the author proposes a model that constitutes a generalization of the El Farol Bar problem. In this model, in each period, each one of the n agents decides the arrival time at a theatre with free entry in which there are k (kn) seats. Each individual wants to minimize the...
Persistent link: https://www.econbiz.de/10012042550