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Ordo-Responsibility - conceptual reflections towards a semantic innovation

Beckmann, Markus (contributor); Pies, Ingo (contributor) - 2006

Based on economic ethics, this paper reflects on and aims to improve the semantics of responsibility. The traditional concept of responsibility is threatened with erosion when responsibility is attributed to an actor who is unable to exercise individual control over the outcome of his actions....

Persistent link: https://www.econbiz.de/10011757357

Rationalizability, observability and common knowledge

Penta, Antonio; Zuazo-Garin, Peio - 2021

Persistent link: https://www.econbiz.de/10012493217

Conservative vs optimistic rationality in games : a revisitation

Fotso, Alphonse Fodouop; Pongou, Roland; Tchantcho, Bertrand - In: Economics letters 156 (2017), pp. 42-47

Persistent link: https://www.econbiz.de/10011822356

Ambiguity and the Centipede Game : Strategic Uncertainty in Multi-Stage Games

Eichberger, Jürgen - 2017

We propose a solution concept for a class of extensive form games with ambiguity. Specifically we consider multi-stage games. Players have CEU preferences. The associated ambiguous beliefs are revised by Generalized Bayesian Updating. We assume individuals take account of possible changes in...

Persistent link: https://www.econbiz.de/10012949812

Chapter 1. Rationality

Binmore, Ken - In: Handbook of game theory with economic applications : …, (pp. 1-26). 2015

This chapter is a very compressed review of the neoclassical orthodoxy on the nature of rationality on economic theory … function of a definition of rationality. …

Persistent link: https://www.econbiz.de/10014025458

Models and Experiments in Risk and Rationality

Munier, Bertrand - 1994

Models and Experiments in Risk and Rationality presents original contributions to the areas of individual choice …

Persistent link: https://www.econbiz.de/10013520216

Rationality is not consistency

Caliari, Daniele - 2023

We challenge the standard definition of economic rationality as consistency by making use of a novel distinction … evidence raises doubts about the choice of language that equates consistency with rationality in economics. …

Persistent link: https://www.econbiz.de/10014323610

Capital and uncertainty : the capital investment process in a market economy

Runge, Ian Charles - 2000

This book is an important addition to the emerging body of new work on capital. Its primary contribution is in analysing capital investment choice as a process. The understanding of this process requires some modification and significant extension to the standard neo-classical economic tools....

Persistent link: https://www.econbiz.de/10014473863

Common assumption of rationality

Keisler, H. Jerome; Lee, Byung Soo - In: Journal of mathematical economics 109 (2023), pp. 1-14

Persistent link: https://www.econbiz.de/10014474686

Uncertain rationality, depth of reasoning and robustness in games with incomplete information

Germano, Fabrizio; Weinstein, Jonathan; Zuazo-Garin, Peio - In: Theoretical economics : TE ; an open access journal in … 15 (2020) 1, pp. 89-122

unique rationalizable action. This paper studies how a wide class of departures from common belief in rationality impact … attach to (n- 1)th-order belief in rationality. We find that Weinstein and Yildiz's discontinuity remains when λn is above an … appropriate threshold for all n, but fails when λn converges to 0. That is, if players' confidence in mutual rationality persists …

Persistent link: https://www.econbiz.de/10012159030