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The poet Ezra Pound (1885 – 1972) was a moralist who regarded economics as key to understanding human society, and thereby to solve most social problems. He became a prolific writer of economic texts, in which he espoused the ideas of two heretic economists: Major Clifford Douglas’ social...
Persistent link: https://www.econbiz.de/10008725783
In one of the most famous passages of economic literature, John Maynard Keynes (1936, p.156) likens the stock market to a beauty contest in which the winners are those who anticipate the average opinion. Recently there have been attempts at investigating the BC experimentally (Nagel 1995, Duffy...
Persistent link: https://www.econbiz.de/10004987987
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Introduction: Financial adventures in Beirut -- Social innovation, financial innovation and financial social innovation -- Microfinance -- P2P lending -- Crowdfunding -- Mobile banking -- Impact investing -- Digital cryptocurrencies -- Social impact bonds.
Persistent link: https://www.econbiz.de/10014515427
In one of the most famous passages of the economic literature, John Maynard Keynes likens the stock market to a beauty contest (BC), in which the winners are those who anticipate the average opinion. In behavioural economics there have recently been attempts at investigating the BC...
Persistent link: https://www.econbiz.de/10009219641
Persistent link: https://www.econbiz.de/10008691578
The poet Ezra Pound (1885-1972) was a moralist who regarded economics as key to understanding human society, and thereby to solve most social problems. He became a prolific writer of economic texts, in which he espoused the ideas of two economists: Major Clifford Douglas’ social credit and...
Persistent link: https://www.econbiz.de/10010798977
This article experimentally explores the way in which human agents learn how to process and manage new information. In an abstract setting, players should perform an everyday task: selecting information, making generalizations, distinguishing contexts. The tendency to generalize is common to all...
Persistent link: https://www.econbiz.de/10008788790
We introduce a novel beauty contest experiment to study the gap between individual preferences and beliefs about collective preferences of physical attractiveness. In the first round, participants vote their 3 favorite ladies in the second round they vote the 3 ladies they believe were the most...
Persistent link: https://www.econbiz.de/10010629768