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or ratios. Abstractions used in the evaluation stage of decision making typically involve nominalist heuristics that are …. But in the typical complex situation giving rise to nominalist heuristics neither 1) nor 2) hold, and therefore what is … paper. Pope et al 2009b, shows field and laboratory evidence of heuristics in the form of prominent numbers entering …
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We examine the various senses in which economist use the term "rationality" and then outline some of the commonly drawn implications and auxiliary assumptions. Finally, we confront the implications with the empirical evidence, drawing on the insights from the exciting new field of behavioral...
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This chapter reviews recent research adopting methods from statistical physics in theoretical or empirical work in economics and nance. The bulk of what has recently become known as 'econophysics' in broader circles draws its motivation from observed scaling laws in nancial markets and the...
Persistent link: https://www.econbiz.de/10010295154
This study aims at the analysis of the possible self-referential effects of economic theories and models on its own subject and of the mechanisms through which bounded rational actors perceive the self-referential nature of economic theories and might absorb their prescriptions. Thus, the focus...
Persistent link: https://www.econbiz.de/10010296815
Ofte fremhæves det, at økonomi som fagdisciplin har vundet videnskabelig sta-tus og progressivitet gennem specialisering (fra generalist til partiel ekspert) og anvendelse af en naturvidenskabelig inspireret metodologisk approach. Med en sådan udviklingstendens har økonomer da også i dag...
Persistent link: https://www.econbiz.de/10010321935
The intellectual histories of economics and evolutionary biology are closely intertwined because both subjects deal with living, complex, evolving systems. Because the subject matter is similar, contemporary evolutionary thought has much to offer to economics. In recent decades theoretical...
Persistent link: https://www.econbiz.de/10010327358