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Scelte e razionalità nei modelli economici: un'analisi multidisciplinare
Schilirò, Daniele; Graziano, Mario - 2011
This paper argues critically the issue of choices and rationality in economic models through a multidisciplinary analysis. First, the analysis aims at highlight the scientific contributions of psychology in economics, since psychology and the related approach of cognitive economics has made more...
Persistent link: https://www.econbiz.de/10015227572
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Rationality and choices in economics: behavioral and evolutionary approaches
Graziano, Mario; Schilirò, Daniele - 2012
The paper critically discusses the issue of rationality and choices in economics in both the behavioural and evolutionary approaches. Our study aims, on the one hand, to highlight the scientific contributions of psychology in economics, since psychology, and with it the theoretical approach of...
Persistent link: https://www.econbiz.de/10015230115
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Other-regarding Preferences and Social Norms in the Intergenerational Transfer of Renewable Resources when Agent has Present-Biased Preferences
Persichina, Marco - 2016
The paper analyses the effects of the present-bias in terms of reduction of the welfare of future generations in the framework of renewable resources harvesting. In particular, this study queries the behavioral traits that emerge when the agent is present-biased and also in presence of...
Persistent link: https://www.econbiz.de/10015259148
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Other-regarding Preferences and Social Norms in the Intergenerational Transfer of Renewable Resources when Agent has Present-Biased Preferences
Persichina, Marco - 2019
The paper analyses the effects of present-biased preferences on the transfer of resources to future generations in the framework of renewable resources harvesting. The paper assumes that the current generation has other-regarding motivations for future generations, which are expressed through...
Persistent link: https://www.econbiz.de/10015265813
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Other-Regarding Preferences and Social Norms in the Intergenerational Transfer of Renewable Resources when the Agent has Present-Biased Preferences
Persichina, Marco - 2019
The paper analyzes the effects of present-biased preferences on the transfer of resources to future generations in the framework of renewable resource harvesting. The paper assumes that the current generation has other-regarding motivations for future generations, expressed through the adherence...
Persistent link: https://www.econbiz.de/10015266194
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Action in Economics: Mathematical Derivation of Laws of Economics from the Principle of Least Action in Physics
Kombarov, Sayan - 2021
The thesis of this paper is mathematical formulation of the laws of Economics with application of the principle of Least Action of classical mechanics. This paper is proposed as the rigorous mathematical approach to Economics provided by the fundamental principle of the physical science – the...
Persistent link: https://www.econbiz.de/10015267579
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Using sentiment to predict GDP growth and stock returns
Guzman, Giselle C. - 2008
This study sheds new light on the question of whether or not sentiment surveys, and the expectations derived from them, are relevant to forecasting economic growth and stock returns, and whether they contain information that is orthogonal to macroeconomic and financial data. I examine 16...
Persistent link: https://www.econbiz.de/10015230542
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Using sentiment to predict GDP growth and stock returns
Guzman, Giselle C. - 2007
This study sheds new light on the question of whether or not sentiment surveys, and the expectations derived from them, are relevant to forecasting economic growth and stock returns, and whether they contain information that is orthogonal to macroeconomic and financial data. I examine 16...
Persistent link: https://www.econbiz.de/10015233041
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Measuring Macroeconomic Uncertainty in Zimbabwe
Bonga, Wellington Garikai - 2019
What matters to economic decision-making is whether the economy has become more or less predictable. People and businesses use information around them to form judgements about what might happen in the future. The rise in uncertainty might be associated with increased concern about extreme...
Persistent link: https://www.econbiz.de/10015264417
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A Deeper Look at Hyperbolic Discounting
Sopher, Barry; Sheth, Arnav - 2006
We conduct an experiment to investigate the degree to which deviations from exponential discounting can be accounted … for by the hypothesis of hyperbolic discounting. Subjects are asked to choose between an earlier or later payoff in a … discounting and with hyperbolic discounting. We find that exponen- tial discounting is the clear modal choice pattern in virtually …
Persistent link: https://www.econbiz.de/10015263887