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Teams Make You Smarter: Learning and Knowledge Transfer in Auctions and Markets by Teams and Individuals

Maciejovsky, Boris; Sutter, Matthias; Budescu, David V.; … - Institut für Finanzwissenschaft, Fakultät für … - 2010

We study the impact of team decision making on market behavior and its consequences for subsequent individual performance in the Wason selection task, the single-most studied reasoning task. We reformulated the task in terms of ?assets? in a market context. Teams of traders learn the task?s...

Persistent link: https://www.econbiz.de/10008455666

Why Bayesian Rationality Is Empty, Perfect Rationality Doesn't Exist, Ecological Rationality Is Too Simple, and Critical Rationality Does the Job

Albert, Max - In: Rationality, Markets and Morals (2009) 11

Economists claim that principles of rationality are normative principles. Nevertheless, they go on to explain why it is … rationality could be interpreted in a non-normative or naturalistic way. The alternative is not attractive: if the only argument … in favor of principles of rationality were their intrinsic appeal, a commitment to rationality would be irrational …

Persistent link: https://www.econbiz.de/10008457242

'Aus oekonomischer Sicht ...'

Luebbe, Weyma - In: Rationality, Markets and Morals (2009) 11

Economists, and notably health economists, very often add to their policy recommendations the formula ,from an economic point of view'. The contribution starts by exploring what the message of this clause to non-economists might be. The vagueness that it brings about as to the general...

Persistent link: https://www.econbiz.de/10008457258

Weak-willed Animals?

Spitzley, Thomas - In: Rationality, Markets and Morals (2009) 11

The aim of this paper is to contribute to answering the conceptual question whether there can be weak-willed non-human animals. After some preliminary clarifications concerning the phenomenon of weakness of will three different accounts are examined for the conditions a being has to fulfill in...

Persistent link: https://www.econbiz.de/10008457265

Modelul entropic al procesului economic – unele aspecte epistemologice

Emil, Dinga - In: Revista OEconomica (2006) 02

The paper is aimed to derive, on criticism basis (following, especially, the critic rationalism, as method), epistemological suggestions from the crucial work of Nicholas Georgescu-Roegen, “The Entropy Law and the Economic Process”, in order as these suggestions or challenges constitute...

Persistent link: https://www.econbiz.de/10008464178

Variations in the rational use of time – The travel pulse of commutes between home and job

Michelson, William - In: electronic International Journal of Time Use Research 6 (2009) 2, pp. 269-285

Ian Cullen and his research colleagues long ago suggested that people form habits in daily life that suboptimize behavior in view of constraints. Such rational suboptimization is posited here to apply to trips between home and work and to vary by time of the day. Previous research suggests that...

Persistent link: https://www.econbiz.de/10008465188

Opportunistic Political Cycles: Test in a Young Democracy Setting

Akhmedov, Akhmed; Ravitchev, Alexei; Zhuravskaya, Ekaterina - C.E.P.R. Discussion Papers - 2003

sizable and short-lived on average; (2) the magnitude of opportunistic cycles decreases with voters' rationality and awareness … incumbent governors. Our results confirm that maturity of democracy as well as rationality and awareness of the electorate are …

Persistent link: https://www.econbiz.de/10005662200

From Normative Rationality to Cognitive Consistency.

Levy-Garboua, L.; Blondel, S. - Centre de recherche de mathématiques et économie … - 2000

although it is inconsistent with normative rationality. Previous discussions have overlooked that cognitive dissonance implied … dynamic undertainty. Once this dimension of choice is restored, it becomes obvious why normative rationality does not properly …

Persistent link: https://www.econbiz.de/10005663594

The Rationality of Irrationality for Managers: Returns- Based Beliefs and the Traveller’s Dilemma

Velu, C.; Iyer, S. - Faculty of Economics, University of Cambridge - 2008

This paper discusses the importance of paradoxes of irrationality for managers by elaborating upon the rational basis for the adoption of non-equilibrium strategies in game theory. It does so by revisiting the one-shot Traveler's Dilemma game, proposing a solution which reconciles the anomaly...

Persistent link: https://www.econbiz.de/10005783830

A crítica de Parsons ao modelo atomista de ação social

Prado, Eleutério F. S. - In: Nova Economia 3 (1993) 1, pp. 9-20

Persistent link: https://www.econbiz.de/10005784933