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This is a contribution to the growing experimental literature on how trial-and-error adjustment processes can establish a convention for coordination on an equilibrium in a game. A simple bargaining game introduced by Nash is used for this purpose. Subjects are conditioned in different...
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Is the economic and financial crisis also a crisis of Economics? From different perspectives, today there is rather … harsh criticism of Economics as a Social Science. In this paper, first, some of the recent failures of Economics are … economic model of behaviour, the mathematisation of Economics and the principle of value freedom. The ap-propriate role of the …
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