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given problem is framed. Thus, real world agents are only, it is said, capable of a bounded rationality, using rules of … thumb and various heuristics (sometimes helpful, sometimes not) rather than the fully fledged maximizing rationality that is … normative account of rationality that animates rational choice theory, and not just the positive account that is criticized by …
Persistent link: https://www.econbiz.de/10014114843
The relation between emotion and rationality is assessed by reviewing empirical findings from multiple disciplines. Two … of rationality are considered logical, material, and ecological. Emotional states influence reasoning processes, are … of the affective system that gives rise to these seeming sources of rationality or irrationality are proposed. Therefore …
Persistent link: https://www.econbiz.de/10014026680
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The Agricultural Bank of Sudan ABS is considered as the main supplier for agriculture financing. However, in the past ten years there were continuous decrease in finance volumes for the agricultural sector of the country which was reflected in diminishing productivity of food and cash crops. The...
Persistent link: https://www.econbiz.de/10013036917
In November 2007, the U.S. Conference of Catholic Bishops issued quot;Forming Consciences for Faithful Citizenship - A Call to Political Responsibility from the Catholic Bishops of the United States.quot; This statement by the American Catholic Bishops provides guidance to Catholic voters on how...
Persistent link: https://www.econbiz.de/10012766546
The aim of this paper is to investigate the degree of susceptibility to behavioral biases (the certainty effect, the sunk cost fallacy, and mental accounting) among people of various levels of expertise in market investments and to determine whether this susceptibility is correlated with certain...
Persistent link: https://www.econbiz.de/10011392293
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In this paper, we attempt to shed light on whether Japanese households are rational or if their behavior is influenced by culture and social norms by examining their saving and bequest behavior. To summarize our main findings, we find that Japan's household saving rate showed great volatility,...
Persistent link: https://www.econbiz.de/10011478422
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