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The Net Present Value maximizing model shows fallacies and inconsistencies that may be easily unmasked by performing a cognitive analysis of the decision-making process implied by the maximization problem. The model may be conveniently rescued if the maximizing version of the criterion is shunt...
Persistent link: https://www.econbiz.de/10015215750
TThe Net Present Value maximizing model has a respectable ancestry and is considered by most scholars a theoretically sound decision model. In real-life applications, decision makers use the NPV rule, but apply a subjectively determined hurdle rate, as opposed to the “correct” opportunity...
Persistent link: https://www.econbiz.de/10015215760
TThe Net Present Value maximizing model has a respectable ancestry and is considered by most scholars a theoretically sound decision model. In real-life applications, decision makers use the NPV rule, but apply a subjectively determined hurdle rate, as opposed to the “correct” opportunity...
Persistent link: https://www.econbiz.de/10015215765
The aim of this paper is to offer a general overview of the institutionalist approach to economics, hoping to make … some of the weaknesses of neoclassical economics will be performed in latter sections of the article -being one of them the …
Persistent link: https://www.econbiz.de/10015216060
Persistent link: https://www.econbiz.de/10015216425
objective of these studies is to explore and address a variety of issues and features of the discipline of economics …. This is done by collecting and analyzing data on numerous aspects of the undergraduate economics curriculum, economics as a … discipline, and economics as applied in the real world. The overall purpose of these studies is to inform ongoing debates …
Persistent link: https://www.econbiz.de/10015220548
This paper proposes an interpretation theoretical model of the Aufbau of Rudolf Carnap, this interpretation contributes to upgrade the project original carnapian, in the sense of conferring to the constitutional program of construction logical, less committed analytic equipment with an ontology...
Persistent link: https://www.econbiz.de/10015226822
The continuous regressions in the per capita income of the Sudanese people have triggered many suggestions to ameliorate their productive capabilities. One of them was the facilitating in financing programs through official channels. However, there are many structural impediments that inhibit...
Persistent link: https://www.econbiz.de/10015229129
This paper proposes an interpretation theoretical model of the Aufbau of Rudolf Carnap, this interpretation contributes to upgrade the project original carnapian, in the sense of conferring to the constitutional program of construction logical, less committed analytic equipment with an ontology...
Persistent link: https://www.econbiz.de/10015229795
This volume – Predicting Crisis: Five Essays on the Mathematic Prediction of Economic and Social Crises – is the first of three sets of essays. In this first set the economic and social history of the United States is shown to be a “system of movement,” i.e. a logical and mathematic...
Persistent link: https://www.econbiz.de/10015235169