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The purpose of this paper is to introduce explicitly pleasure and belief in what aims at being a Humean theory of decision, like the one developed in Diaye and Lapidus (2005a). Although we support the idea that Hume was in some way – evidently different from Bentham's or Jevons' way – a...
Persistent link: https://www.econbiz.de/10008793170
This paper deals with Rousseau's idea of freedom in terms of rationality and deliberation. It gives support to Berlin …
Persistent link: https://www.econbiz.de/10008793599
Our paper sheds light on the reasons for which a rational venture capitalist decides to reallocate his or her portfolio from later to early-stage investment. We explain why, during certain periods, there is a strong correlation between the performance of financial markets and the funds invested...
Persistent link: https://www.econbiz.de/10008794401
, and iv) a underweight of monetary policy instruments. With respect to the evidence of rationality, we find the partial use …
Persistent link: https://www.econbiz.de/10008833398
economic crisis has alerted the whole world in all its dimensions. The more social rationality was discussed, which led to … discussions about economic rationality, the more the depth of this crisis was proved. In fact, this crisis marks out that human …
Persistent link: https://www.econbiz.de/10008853258
coordinating and directing the group’s activities, or who, in the absence of an elected leader, has the greatest responsibility in …
Persistent link: https://www.econbiz.de/10008853267
We provide experimental evidence that subjects blame others based on events they are not responsible for. In our experiment an agent chooses between a lottery and a safe asset; payment from the chosen option goes to a principal who then decides how much to allocate between the agent and a third...
Persistent link: https://www.econbiz.de/10011144197
For choice with deterministic consequences, the standard rationality hypothesis is ordinality — i.e., maximization of a …
Persistent link: https://www.econbiz.de/10011144219
The main purpose of this paper is to demonstrate that mainstream liberal economics is intrinsically contradictory to the democratic ideal. The first stage of this demonstration concerns the deconstruction of the naturalization process of economics, in other words the process through which...
Persistent link: https://www.econbiz.de/10011144556
players (i) are rational,(ii) have strong belief in both opponents' rationality and opponents' capacity to observe others …' choices, and (iii) have common belief in both opponents' future rationality and op-ponents' future capacity to observe others …
Persistent link: https://www.econbiz.de/10011145663