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remain important, in a causal sense these are best seen as contingent, secondary factors. The source of economic rationality …
Persistent link: https://www.econbiz.de/10005278303
Persistent link: https://www.econbiz.de/10005281527
The literary source of the main ideas in Aumann's article ``Backward Induction and Common Knowledge of Rationality" is …
Persistent link: https://www.econbiz.de/10005550875
The aim of this empirical research was to test the influence of some social factors such as social norms, habits and routines, which are actually constraining the entrepreneurial strategy. In order to measure the extent of these influences we have focused on informal arrangements and cooperation...
Persistent link: https://www.econbiz.de/10005557778
By reinterpreting Savage axioms as axioms of the social rationality over resource allocations, we derive a social …
Persistent link: https://www.econbiz.de/10005561029
The analysis of African occult belief systems provides a unique example for demonstrating that seemingly outdated and exotic African modes of thought, such as the belief in magic and witchcraft, are modern and have significant impact on social, economic and political structures. Official...
Persistent link: https://www.econbiz.de/10005623495
Persistent link: https://www.econbiz.de/10005625188
There is abundant evidence that many individuals violate the rationality assumptions routinely made in economics …. However, powerful evidence also indicates that violations of individual rationality do not necessarily refute the aggregate … predictions of standard economic models that assume full rationality of all agents. Thus, a key question is how the interactions …
Persistent link: https://www.econbiz.de/10005627960
rationality is proposed. …
Persistent link: https://www.econbiz.de/10005633501
The paper focuses on the prospects interaction economics opens in the economic geography field. The first part is devoted to the conditions in which interaction economics emerges and develops. The second one focuses on the main concepts and models. In the third one, we show through a recent...
Persistent link: https://www.econbiz.de/10005230149