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If we reassess the rationality question under the assumption that the uncertainty of the natural world is largely … theory of ecological rationality. The main casualty of this rebuilding process is optimality. Once we view optimality as a … formal implication of quantified uncertainty rather than an ecologically meaningful objective, the rationality question …
Persistent link: https://www.econbiz.de/10012159880
A framework is proposed for organizing phenomena related to the (mis)prediction of utility, in particular neglecting adaptation. A categorization is introduced that accounts for asymmetries in misprediction. In decision-making, goods and activities satisfying extrinsic desires are more salient...
Persistent link: https://www.econbiz.de/10011390633
Existing work on the economics of well-being suggests that a person's subjective well-being depends to a large degree on his relative standing within his social environment. In this paper, we examine whether access to modern information and telecommunication technologies has an impact on...
Persistent link: https://www.econbiz.de/10010329249
Today, there are a lot of studies on climate change and sustainability from social sciences' perspectives. Achievements of sociology, psychology or political sciences can be extremely helpful in designing, adopting, implementing and evaluating of effective climate and sustainability policy....
Persistent link: https://www.econbiz.de/10011849441
In a recently published article, Bruni and Stanca (2008) suggest that television viewing has a negative impact on life satisfaction. In this note we argue that the empirical approach they use (an approach that omits the main effect of TV viewing in life satisfaction) is problematic. We estimate...
Persistent link: https://www.econbiz.de/10010271181
The paper lists salient characteristics of the certainty theory of consumer choice and discusses the import of prominent empirical analyses of the theory. All of them reject the theory's empirical relevance which suggests that the theory is unfit to analyze consumer choice in an uncertain world....
Persistent link: https://www.econbiz.de/10012939250
Der Sachverständigenrat für Verbraucherfragen hat erstmals ein breit angelegtes Gutachten zur Lage der Verbraucher:innen in Deutschland vorgelegt. Gert G. Wagner, Mitglied im Sachverständigenrat für Verbraucherfragen, stellt aus seiner persönlichen Sicht ausgewählte Analysen, Ergebnisse...
Persistent link: https://www.econbiz.de/10012606114
cross - section to the data set to prove Becker, Grossman and Murphy's (1991) "economic rationality" theory on addictive …
Persistent link: https://www.econbiz.de/10014468624
This work evaluate both the position and trend of the com petitiveness of Mexican chicken meat carcass against the external supply, and the relationship between this commercial advantage, production and national export allowing to propose strategies that leverage the poultry production in the...
Persistent link: https://www.econbiz.de/10014468628
The extant literature on status-signalling primarily adopts Veblen's theory of class to caste and racial identities. This study aims to adopt a more suitable theoretical lens that is more relevant not only for class identities, but also for other identities such as caste and race. By viewing...
Persistent link: https://www.econbiz.de/10014477592