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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 …
Persistent link: https://www.econbiz.de/10014586407
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 …
Persistent link: https://www.econbiz.de/10014608902
Purpose Business organizations should strive to create ethical cultures to win consumer loyalty and thus safeguard long-term performance success. Management bears ultimate responsibility for promoting ethical behavior. By rewarding ethical behaviors and punishing transgressions, management will...
Persistent link: https://www.econbiz.de/10014846932
lead to irresponsible processes and outcomes. A selected review of the literature on negotiation theory is explored, and …
Persistent link: https://www.econbiz.de/10014871374
This paper studies the relationship between competition and incentives in an economy with financial contracts. We concentrate on non-exclusive credit relationships, those where an entrepreneur can simultaneously accept more than one contractual offer. Several homogeneous lenders compete on the...
Persistent link: https://www.econbiz.de/10014589036
's ideal type. Arguments surrounding its rationality and efficiency were critically looked into as a basis for discussing …
Persistent link: https://www.econbiz.de/10012047031
the media. Both responsibility and rationality are fundamental weights for the effectiveness of risk communication during … individuals and societies. The study uncovers that rationality and responsibility are lacking in Western media decision …
Persistent link: https://www.econbiz.de/10012048321
rationality be put forward, that allows the exploration of the complexity of human choice, both in its instrumental and … axiological dimension. Aristotle had already discovered this rationality through his studies of prudential rationality, which this … paper complements with the notion of customary rationality.Buchanan et Rawls ont rappelé que l’échange possède sa raison …
Persistent link: https://www.econbiz.de/10014612409
Abstract Standard economic theory assumes individual preferences to be fixed and exogenously given. This view has been … challenged by numerous empirical observations. In reaction to those challenges, economic theory has been modified, mostly by … consumer theory, habit formation, interdependent and status preferences, social and emotional influences, and reference point …
Persistent link: https://www.econbiz.de/10014619330
Workplace innovation is a much‐described subject. Workplace innovation is usually introduced to increase flexibility. Workplace knowledge is, most of the time, institutionalised in formal tools. These tools compete with creativity of employers, employees and professionals. This paper describes...
Persistent link: https://www.econbiz.de/10014851724