Experimental studies show that the Nash equilibrium and its refinements are poor predictors of behavior in non-cooperative strategic games. Cooperation models, such as ERC and inequality aversion, yield superior predictions compared to the standard game theory predictions. However, those models...

We propose an epistemic theory of micro-economic interactions, termed Economic Harmony. In the theory, we modify the standard utility, by changing its argument from the player's actual payoff, to the ratio between the player's actual payoff and his or her aspired payoff. We show that the...

We propose an epistemic theory of micro-economic interactions, termed Economic Harmony. In the theory, we modify the standard utility, by changing its argument from the player’s actual payoff, to the ratio between the player’s actual payoff and his or her aspired payoff. We show that the...

A 9/56 year cycle was first established for US and Western European financial panics occurring since 1760 and was attributed to lunisolar tidal effects. This cycle was then extrapolated to the timing of major earthquakes in various countries and regions around the world, a proposition that could...

Предложен методический подход к оценке инновационной активности промышленных предприятий, который основывается на использовании теории «золотого сечения» и...

Near natural forest management is performed by use of domestic tree species that are able to regenerate naturally. One of the long-term key objectives is to achieve more structural richness in the form of uneven-aged mixed species forests dependent on so-called forest development types that are...