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far choices are from a given theory. Recent work has investigated the correlation between measures of rationality and … measure rationality -- percentage expenditure vs dollars expenditure. We find that correlations can change sign when we change …
Persistent link: https://www.econbiz.de/10012869086
bounded rationality. It is interpreted Simon's criticism of the orthodox version of organizational bureaucracy and extends his …
Persistent link: https://www.econbiz.de/10013145297
India has the world's second largest urban population (after China). This paper shows the large disparities within this urban population in health related indicators. It shows the disparities for child and maternal health, provision for health care and housing conditions between the poorest...
Persistent link: https://www.econbiz.de/10012994200
Written for the Chapman Law Review Symposium on “What Can Law & Economics Teach Us About the Corporate Social Responsibility Debate?,” this Article applies the lessons of public choice theory to examine corporate social responsibility. The Article adopts a broad definition of corporate...
Persistent link: https://www.econbiz.de/10013062441
The book analyzes a regime that is controlling the big desert country Sudan, represented in group hiding behind a dogma they do not believe. The flag of Islamic principles are raised but whatever colors it carries, they are smeared by greed, envy, and blood of numberless innocents. The group is...
Persistent link: https://www.econbiz.de/10014161336
This chapter reviews the theory of the voluntary public and private redistribution of wealth elaborated by economic analysis in the last forty years or so. The central object of the theory is altruistic gift-giving, construed as benevolent voluntary redistribution of income or wealth. The theory...
Persistent link: https://www.econbiz.de/10014023678
The standard tool for analysing social dilemmas is game theory. They are reconstructed as prisoner dilemma games. This is helpful for understanding the incentive structure. Yet this analysis is based on the classic homo oeconomicus assumptions. In many real world dilemma situations, these...
Persistent link: https://www.econbiz.de/10011582028
The ultimatum game models social exchange in situations in which the rational motive to maximize gains conflicts with fairness considerations. Using two independent behavioral measurements, the authors tested two contradicting predictions: that the preference for fairness is a deliberative...
Persistent link: https://www.econbiz.de/10014181014
Does Rational Choice Theory (RCT) have something important to contribute to the humanities? Jon Elster and others answer affirmatively, arguing that RCT is a powerful tool that will lend clarity and rigor to work in the humanities just as it (presumably) has in economics. This essay examines the...
Persistent link: https://www.econbiz.de/10014059049
The standard tool for analysing social dilemmas is game theory. They are reconstructed as prisoner dilemma games. This is helpful for understanding the incentive structure. Yet this analysis is based on the classic homo oeconomicus assumptions. In many real world dilemma situations, these...
Persistent link: https://www.econbiz.de/10014071955