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We provide an information-based theory of matching efficiency fluctuations. Rationally inattentive firms have limited capacity to process information and cannot perfectly identify suitable applicants. During recessions, higher losses from hiring unsuitable workers cause firms to be more...
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The aim of the paper is to is to explore the determinants of the rationality in decision making among Polish stock … market investors with different level of expertise with investing. Rationality in decision making was defined from the …) within decision making process. In particular, this study aims to investigate the degree of susceptibility the certainty …
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Chisini mean enables these tools to be used as rational decision criteria. Specifically, we focus on 11 metrics and show that … intuitive notion of mean is the founding basis of investment decision criteria …
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