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On the complexity of forming mental models

Kendall, Chad; Oprea, Ryan - In: Quantitative economics : QE ; journal of the … 15 (2024) 1, pp. 175-211

We experimentally study how people form predictive models of simple data generating processes (DGPs), by showing subjects data sets and asking them to predict future outputs. We find that subjects: (i) often fail to predict in this task, indicating a failure to form a model, (ii) often cannot...

Persistent link: https://www.econbiz.de/10014496993

Jon Elster und das Problem lokaler Gerechtigkeit

Pies, Ingo; Viebranz, Jörg - 2007

Untersuchung ist zweigeteilt. Der erste Teil rekonstruiert Elsters Beiträge zu einer Theorie lokaler Gerechtigkeit. Der zweite Teil … betreffen zum einen den Erklärungsgehalt seiner Analysen ((4)). Sie betreffen zum anderen den normativen Ertrag seiner Theorie … lokaler Gerechtigkeit für eine allgemeine Theorie sozialer Gerechtigkeit ((5)). Der Beitrag endet mit einer abschließenden …

Persistent link: https://www.econbiz.de/10011758000

Sozialstruktur und Semantik - Ordonomik als Forschungsprogramm in der modernen (Welt-)Gesellschaft

Pies, Ingo; Beckmann, Markus; Hielscher, Stefan - 2009

Gesellschaftstheoretiker wie der Soziologe Niklas Luhmann machen darauf aufmerksam, dass es in der modernen Gesellschaft zu systematischen Diskrepanzen zwischen Semantik und Sozialstruktur kommt. Solche Diskrepanzen - also Fälle, in denen Sozialstruktur und Semantik nicht zueinander passen -...

Persistent link: https://www.econbiz.de/10011786652

Nudge versus boost : a distinction without a normative difference

Sims, A. C. P.; Mueller, Thomas - In: Economics & philosophy 35 (2019) 2, pp. 195-222

Persistent link: https://www.econbiz.de/10012041483

Behavioral and complexity macroeconomics

Roos, Michael W. M. - In: European journal of economics and economic policies : … 14 (2017) 2, pp. 186-199

Persistent link: https://www.econbiz.de/10011890648

The endowment effect as blessing

Frenkel, Sivan; Heller, Yuval; Teper, Roee - 2017

We study the idea that seemingly unrelated behavioral biases can coevolve if they jointly compensate for the errors that any one of them would give rise to in isolation. We suggest that the "endowment effect" and the "winner's curse" could have jointly survived natural selection together. We...

Persistent link: https://www.econbiz.de/10011661133

Uncertainty under hyperbolic discounting: the cost of untying your hands

Diego Alcocer, Christian; Ortegón, Julián; Roa, Alejandro - 2019

Persistent link: https://www.econbiz.de/10012117668

Beyond "bounded rationality" : behaviours and learning in complex evolving worlds

Dosi, Giovanni; Faillo, Marco; Marengo, Luigi - 2018

This work challenges the very notion of bounded rationality as dangerously too near to some "unbounded rationality" used as a benchmark. Should we assume that there is an "unbounded" rationality as a benchmark? Should one start, in order to describe and interpret human behaviour, from a model...

Persistent link: https://www.econbiz.de/10011894288

Behavioral foundations of sustainability transitions

Gazheli, Ardjan; Antal, Miklós; Bergh, Jeroen C. J. M. … - 2012

Writings on sustainability transitions generally do not say much about the particularities of the behavior of individuals and organizations. This is somewhat surprising since an important problem which transition management needs to tackle is inertia or resistance to change. Transition policy...

Persistent link: https://www.econbiz.de/10010430808

Political deliberation and the challenge of bounded rationality

Smith, Andrew F. - In: Politics, philosophy & economics : ppe 13 (2014) 3, pp. 269-291

Persistent link: https://www.econbiz.de/10010388558