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This paper shows that the means-end rationality principle, as an ‘ultimate given’ of economics, delimits the faculty of …
Persistent link: https://www.econbiz.de/10011111113
What is the 99% and why does it exist? In this paper an attempt is made to explain why socio-economic unrest remains a modern problem. An effort has to be made to understand the origins of strife in systemic design of modern economics. Without this knowledge it may not be possible to fix the...
Persistent link: https://www.econbiz.de/10011111415
interference. Us examines the threat from to vision instrumentalist of the rationality, and us show preliminarily how the threat …
Persistent link: https://www.econbiz.de/10011112392
paper is to verify the assertions made by these two schools of thought from the perspective of culture as a rationality … values under rationality indices: instrumental, affective, value and traditional rationality from 29 countries with data from … positive effect on economic growth (instrumental and affective rationality). However, traditional rationality index was also …
Persistent link: https://www.econbiz.de/10011114492
rationality. The characterization we propose, although differently formulated, is conceptually the same as Perea's and so is the … time of choice. Thus players' beliefs are modeled as temporal, rather than conditional, beliefs and rationality is defined …
Persistent link: https://www.econbiz.de/10011117124
” and the implications for forecast rationality, I first survey the literature on forecaster behaviour, and conclude that …
Persistent link: https://www.econbiz.de/10011117245
It is common practice to evaluate fixed-event forecast revisions in macroeconomics by regressing current forecast revisions on one-period lagged forecast revisions. Under weak-form (forecast) efficiency, the correlation between the current and one-period lagged revisions should be zero. The...
Persistent link: https://www.econbiz.de/10011162542
model, the following factors such as rationality, herding effect and conflict cost are taken into the research on frequency … condition, rationality leads to “vying” behaviors and inhibited “polite” behavior; (ii) high herding causes a crowd of high … rationality (especially in normal circumstances) to become more “vying” in behavior; (iii) the high-rationality crowd is shown to …
Persistent link: https://www.econbiz.de/10011061016
Intertemporal decision making involves choices among options whose effects occur at different moments. These choices are influenced not only by the effect of reward value perception at different moments, but also by the time perception effect. One of the main difficulties that affect standard...
Persistent link: https://www.econbiz.de/10011064364
Persistent link: https://www.econbiz.de/10005395938