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conceptions of rationality defended by Neurath and Mises and suggests some consequent insights with respect to Viennese Late … Enlightenment, contemporary rationality wars, the socialist calculation debates, and the foundations of welfare economics. …
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just obeying and, hence, to be irrational. In this paper we offer a different approach which postulates rationality of all … involved agents. We demonstrate how these agents’ behaviour could be modelled, while taking into account options of the …
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The aim of this paper is to investigate the degree of susceptibility to behavioral biases (the certainty effect, the sunk cost fallacy, and mental accounting) among people of various levels of expertise in market investments and to determine whether this susceptibility is correlated with certain...
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