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, expectations about the future market development, and strategic actor behavior may have an influence on the investment decisions in … market design, if the material, financial, and/or institutional opportunities and expectations change. Ausgangspunkt für …
Persistent link: https://www.econbiz.de/10011128197
This work is a PhD dissertation, written at the Department of Economics, McGill University. The thesis offers a new framework for inflation as a process of restructuring. Contrary to existing theories of inflation, which tend to take structure and institutions as given for the purpose of...
Persistent link: https://www.econbiz.de/10005789620
Some sensations, in addition to guide behavior, serve an extra and even more important role: as warning or defense mechanisms (e.g. pain, fever). Additionally, intense sensations are costly from a fitness point of view. With only these two biological facts we show that Nature must design utility...
Persistent link: https://www.econbiz.de/10008587815
, expectations about the future market development, and strategic actor behavior may have an influence on the investment decisions in … market design, if the material, financial, and/or institutional opportunities and expectations change. …
Persistent link: https://www.econbiz.de/10010464618
The paper revisits the socioeconomic theory of the Austrian School economist Ludwig M. Lachmann. By showing that the common claim that Lachmann’s idiosyncratic (read: eclectic and multidisciplinary) approach to economics entails nihilism is unfounded, it reaches the following conclusions. (1)...
Persistent link: https://www.econbiz.de/10005617120
, expectations about the future market development, and strategic actor behavior may have an influence on the investment decisions in … market design, if the material, financial, and/or institutional opportunities and expectations change. …
Persistent link: https://www.econbiz.de/10011289592
Persistent link: https://www.econbiz.de/10011451649
Persistent link: https://www.econbiz.de/10011787123
For non-economists, it is often difficult to understand why economists place so much emphasis on the self-interest motive. It is obvious that people act out of a variety of motives - gratitude, anger, social obligation and many, many other motives. There are several reasons why economists still...
Persistent link: https://www.econbiz.de/10012425266
real networks. A second aim is to introduce the adaptive interactive expectations (AIE) model, which uses a ‘pressure to … change profit expectations index’ to replace the utility curve maximising agent concept. The AIE model has an interactive … expectations network, which is difficult to determine, so suitable to illustrate network averaging. The AIE model is tested against …
Persistent link: https://www.econbiz.de/10011257744