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Inducing Strategic Bias: and its implications for Choice Modelling design

Burton, Michael - 2010

It has been suggested that the nature of the task within a multi-attribute multi-alternative choice experiment may be sufficiently complex to make it difficult for individuals to develop response strategies to strategically bias their answers. This experiment tested that hypothesis by setting...

Persistent link: https://www.econbiz.de/10009442737

Path Dependence in Decision-Making Processes: Exploring the Impact of Complexity under Increasing Returns

Koch, Jochen; Eisend, Martin; Petermann, Arne - 2009

degrees of complexity. Up to now, it has been unclear whether and how different settings of complexity impact path …-dependent processes and the probability of lock-in. In this paper we investigate the relationship between environmental complexity and … chronological sequences, the study explores the impact of complexity on decision-making processes. The results contribute to both …

Persistent link: https://www.econbiz.de/10009447469

Punctuated equilibrium: Reconciling theory of revolutionary and incremental change

Wollin, Andrew - 1999

Using Simon's concept of nested hierarchies, this paper advances a new synthesis for understanding how and why the discontinuous change processes of punctuated equilibrium may occur in socio-economic settings. A. key concept is the nested, multilevel organization of 'deep structure', the order...

Persistent link: https://www.econbiz.de/10009448283

The Complexity of Economic Policy: I. Restricted Local Optima in Tax Policy Design

Saint-Paul, Gilles - 2002

behavior. Finally, for a given economy and a given tax code, I define the latter?s average performance as the average value of …

Persistent link: https://www.econbiz.de/10010262772

Nominalist Heuristics and Economic Theory

Pope, Robin; Selten, Reinhard; Kube, Sebastian - 2009

This paper introduces a new theoretic entity, a nominalist heuristic, defined as a focus on prominent numbers, indices or ratios. Abstractions used in the evaluation stage of decision making typically involve nominalist heuristics that are incompatible with expected utility theory which excludes...

Persistent link: https://www.econbiz.de/10010270023

Prominent Numbers, Indices and Ratios in Exchange Rate Determination and Financial Crashes: in Economists’ Models, in the Field and in the Laboratory

Pope, Robin; Selten, Reinhard; Kube, Sebastian; von … - 2009

The prior paper in this sequel, Pope (2009) introduced the concept of a nominalist heuristic, defined as a focus on prominent numbers, indices or ratios. In this paper the concept is used to show three things in how scientists and practitioners analyse and evaluate to decide (conclude). First,...

Persistent link: https://www.econbiz.de/10010274186

Old George Orwell got it backward : some thoughts on behavioral tax economics

Slemrod, Joel - 2009

It is entirely appropriate that the study of public finance take seriously behavioral" inconsistencies with traditional models of individual and collective decision-making. This raises the question of whether the state should play a role in protecting individuals from themselves, and whether...

Persistent link: https://www.econbiz.de/10010276630

International complexity management in the automotive industry

Schoeller, Nicolas - 2009

markets shorten innovation cycles and increase the internal complexity of OEMs and automotive suppliers. The costs associated … with this additional complexity become the main cost factor. The challenge in the automotive industry is to respond … adequately to the additional complexity caused by the globalization: The key question is how companies in the automotive industry …

Persistent link: https://www.econbiz.de/10009467433

Management komplexer internationaler Projekte: Netzstrukturen, Governance und Handlungsempfehlungen

Ellmann, Sonja - 2008

key competence for success.This dissertation analyzes structures and socio-economics performance in complex projects. The … initial research hypothesis follows the logic that high socio economic complexity in international projects requires a strong … network and thus stakeholder oriented project management is necessary in order to improve and handle socio-economic complexity …

Persistent link: https://www.econbiz.de/10009468268

The Exchange Commons

Liebenau, Jonathan; de Fontenay, Alain Bourdeau - 2006

"While the conditions of production give some guidance to what factor groupings are desirable ceteris paribus, they do not determine the boundaries of a neoclassical firm (a legal entity with a residual claimant). Indeed, they could just as well be related to other groupings, such as...

Persistent link: https://www.econbiz.de/10009468315