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Philosophy of Austrian economics - Extended cut
Linsbichler, Alexander - 2021
thoroughgoing subjectivism, methodological individualism, ontological individualism, apriorism, essentialism, an often overstated …
Persistent link: https://www.econbiz.de/10012745146
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Nominalist Heuristics and Economic Theory
Pope, Robin; Selten, Reinhard; Kube, Sebastian - 2009
This paper introduces a new theoretic entity, a nominalist heuristic, defined as a focus on prominent numbers, indices or ratios. Abstractions used in the evaluation stage of decision making typically involve nominalist heuristics that are incompatible with expected utility theory which excludes...
Persistent link: https://www.econbiz.de/10010270023
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Prominent Numbers and Ratios in Exchange Rate Determination: Field and Laboratory Evidence
von Hagen, Jürgen; Kube, Sebastian; Kaiser, Johannes; … - 2006
In the decision-making process, there is a stage when choosers evaluate alternatives. Evaluation is complex especially when it involves the future exchange rate. In the complexity of predicting the future exchange rate, choosers may use prominent numbers and ratios. We furnish field and...
Persistent link: https://www.econbiz.de/10010274102
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Prominent Numbers, Indices and Ratios in Exchange Rate Determination and Financial Crashes: in Economists’ Models, in the Field and in the Laboratory
Pope, Robin; Selten, Reinhard; Kube, Sebastian; von … - 2009
The prior paper in this sequel, Pope (2009) introduced the concept of a nominalist heuristic, defined as a focus on prominent numbers, indices or ratios. In this paper the concept is used to show three things in how scientists and practitioners analyse and evaluate to decide (conclude). First,...
Persistent link: https://www.econbiz.de/10010274186
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Comparing economic theories or: Pluralism in economics and the need for a comparative approach to scientific research programmes
Heise, Arne - 2020
Pluralism in economics appears to be a double-edged sword: we need more than one theory to grasp and explain the entire economic world, yet a plurality of possible explanations undermines the aspiration of the economic discipline to provide 'objective knowledge' in the singular of the 'one world...
Persistent link: https://www.econbiz.de/10012254839
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The Janus Face of Cooperation: An Intra- and Cross-Cultural Review
Walkowitz, Gari; Goerg, Sebastian J. - 2007
This paper introduces a two-sided methodological framework for studies on cooperation based on a new game design. Presented games are continuous prisoner's dilemma games with positive and negative presentations of an identically structured decision problem. Decision makers can choose an...
Persistent link: https://www.econbiz.de/10010263187
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The rise of the modern monetary system: An integration of the credit and state money approaches
Wray, L. Randall - 2025
This working paper integrates the credit money approach (associated with Post Keynesian endogenous money theory) with the state money approach (associated with Modern Money Theory) by drawing on Wray's 1990 book (Money and Credit in Capitalist Economies: The Endogenous Money Approach, Edward...
Persistent link: https://www.econbiz.de/10015394115
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The origins of the Platonic approach to monetary systems: Retracing European and Chinese monetary thoughts on Chartalism, Nominalism, and the origins of monetary systems
Tymoigne, Éric - 2024
A monetary approach that combines Chartalism, Nominalism, and Command origins of monetary systems is often deemed to … history of monetary thought, the Chartalism-Nominalism-Command approach is mostly left unmentioned, or at best reduced to an … groundwork provided by these past scholars. In China, the Chartalism-Nominalism-Command approach develops independently and …
Persistent link: https://www.econbiz.de/10015189321
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Sprachgeist and realisticness: The troubled relationship between (Austrian) economics and mathematics revisited
Linsbichler, Alexander - 2021
In recent academic and to some extent public debates, mainstream economics has been accused of excessive mathematization. The rejection of mathematical and other formal methods is often cited as a crucial trait of Austrian economics. Based on a systematic discussion of potential benefits and...
Persistent link: https://www.econbiz.de/10012601853
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All set in stone? How essentialist beliefs about aging affect older workers' motivation to continue working beyond retirement age
Weiss, Mona; Weiss, David; Zacher, Hannes - In: Journal of Organizational Behavior 43 (2022) 8, pp. 1446-1461
perspective. On the basis of a three‐wave study (N = 617) and an experiment (N = 358), we find evidence for our proposed indirect …
Persistent link: https://www.econbiz.de/10013465300