• No results found

Bounded rationality

Bounded rationality and valuation

Bounded rationality and valuation

... Economic theory largely describes behaviour by assuming that people behave in a “rational” way. This implies that people can be described as decision makers who behave according to a clearly defined set of preferences. ...

233

The Role of Bounded Rationality in Macro Finance Affine Term Structure Models

The Role of Bounded Rationality in Macro Finance Affine Term Structure Models

... of bounded rationality by incorporating either information-processing constraint or fear for mis-specification into an otherwise canonical representation of the three- factor arbitrage-free affine ...of ...

41

Bounded Rationality and Bounded Reliability:A Study of Nonfamily Managers’ Entrepreneurial Behavior in Family Firms

Bounded Rationality and Bounded Reliability:A Study of Nonfamily Managers’ Entrepreneurial Behavior in Family Firms

... By contrast, we provide consistent evidence about the importance of organizational justice (e.g., Colquitt, 2001), fair participation in decision-making and career opportunities (Chrisman et al., 2014; Verbeke & ...

36

Campaign overfunding and bounded rationality in equity crowdfunding

Campaign overfunding and bounded rationality in equity crowdfunding

... of bounded rationality together with the human biases and heuristics work of Amos Tversky and Daniel Kahneman (1974) will be merged to build a framework to deal with the overfunding phenomena in equity ...

76

Bounded Rationality: Static versus Dynamic Approach

Bounded Rationality: Static versus Dynamic Approach

... Past decades have witnessed growing empirical evidence that calls into question the utility maximization paradigm. For a description of systematic errors made by experimental subjects, see Arkes and Hammond (1986), Hog- ...

36

Stability analysis in a Cournot duopoly with managerial sales delegation and bounded rationality

Stability analysis in a Cournot duopoly with managerial sales delegation and bounded rationality

... Stability analysis in a Cournot duopoly with managerial sales delegation and bounded rationality Fanti, Luciano and Gori, Luca Department of Economics, University of Pisa, Department of [r] ...

23

Recursive equilibria in dynamic economies with bounded rationality

Recursive equilibria in dynamic economies with bounded rationality

... model bounded rationality and show the existence of recur-sive equilib- ria with bounded rational ...model bounded rationality as ...a bounded rational agent does not know the ...

27

Bounded rationality: psychology, economics and the financial crisis

Bounded rationality: psychology, economics and the financial crisis

... that bounded rationality is important, so the notion as formulated by Herbert Simon represents a reference point for understanding economic behavior and economic ...between bounded rationality ...

16

Can Financial Education Extend the Border of Bounded Rationality?

Can Financial Education Extend the Border of Bounded Rationality?

... classical rationality [30]-[32]. This study examined whether the border of bounded rationality can be ex- tended by studying a theoretical ...

6

Sacrificing sovereignty by chance: investment treaties, developing countries, and bounded rationality

Sacrificing sovereignty by chance: investment treaties, developing countries, and bounded rationality

... total 3oct 1 The London School of Economics and Political Science Sacrificing Sovereignty by Chance Investment Treaties, Developing Countries, and Bounded Rationality Lauge N Skovgaard Poulsen A thesi[.] ...

393

Mirrlees meets Laibson: Optimal Income Taxation with Bounded Rationality

Mirrlees meets Laibson: Optimal Income Taxation with Bounded Rationality

... The empirical robustness of traditional model to these new behavioral assumptions has been widely tested. Petersen (2001) compares the excess burden of different taxes in a standard exponential model and in one with ...

47

Student choices under uncertainty: Bounded rationality and behavioural economics

Student choices under uncertainty: Bounded rationality and behavioural economics

... a bounded rationality lens to examine three key decisions where empirical evidence suggests that many students, especially from disadvantaged backgrounds, are making non-rational decisions; for simplicity, ...

16

Welfare economics and bounded rationality : The case for model based approaches

Welfare economics and bounded rationality : The case for model based approaches

... of bounded rationality is that the agent makes errors with respect to rational behaviour consisting of the maximisation of a preference ...that bounded rationality takes the form of the agent ...

25

The Simonian bounded rationality hypothesis and the expectation formation mechanism

The Simonian bounded rationality hypothesis and the expectation formation mechanism

... the bounded rationality hypothesis, time lags will differ from ...the bounded rationality hypothesis implies that subjects use diverse and equally viable expectation models (table ...

21

Identification of Animal Spirits in a Bounded Rationality Model: An Application to the Euro Area

Identification of Animal Spirits in a Bounded Rationality Model: An Application to the Euro Area

... The point of view taken in this paper is that the behavioral model can pro- vide a conceptual framework for a cognitive ability as well as a substantial de- gree of inertia in the DSGE models. De Grauwe (2011) emphasizes ...

28

Policy Instruments for Evolution of Bounded Rationality: Application to Climate Energy Problems

Policy Instruments for Evolution of Bounded Rationality: Application to Climate Energy Problems

... One has to treat our discussion of global warming with a grain of salt (but the same holds also for existing rational agent models, to begin with the famous Nordhaus DICE model). Our model provides a first illustration ...

22

Investment decisions, net present value and bounded rationality

Investment decisions, net present value and bounded rationality

... undertaken if its NPV at the rate k is positive, where k represents the minimum rate of return acceptable by the investor. This rule is formally analogous to eq. (2) but is cognitively different. Replacing r with k means ...

22

Investment decisions, net present value and bounded rationality

Investment decisions, net present value and bounded rationality

... analogous to eq. (2) but is cognitively different. Replacing ρ with k means shifting from the idea of comparing equivalent-risk alternatives to the idea of accepting a satisfactory rate of return. Both ρ and k are cutoff ...

25

Bounded rationality, negligence or corruption: The effect of emergent malfeasance in procurement practice

Bounded rationality, negligence or corruption: The effect of emergent malfeasance in procurement practice

... However, even an all-embracing contract cannot protect against a lack of economic trust and ex ante opportunism due to poor assessment capability (Ricktts, 2001). Additionally internal toxic incentives encourage goal ...

30

Communication equilibria and bounded rationality

Communication equilibria and bounded rationality

... admits bounded rationality generates similar phenomena (see [Geanakoplos, ...and bounded rationality, within the context of correlated ...of bounded rationality or ...

48

Show all 798 documents...

Related subjects