Showing 1 - 10 of 3,817
–weight of the evidence approach to decision making from the A Treatise on Probability, that Keynes integrated into the General … theorist like Keynes, is that decision makers are horribly ignorant of the laws of the probability calculus when making … decisions and thus make all kinds of errors and mistakes that could be corrected if the decision makers would restudy basic …
Persistent link: https://www.econbiz.de/10012950042
Keynes made it clear to Townshend in their 1937-38 exchanges that Townshend's assessment, that Keynes ‘s theory of liquidity preference in the General Theory was based on Keynes's non numerical probabilities and weight of evidence(argument)analysis from the A Treatise on Probability, was...
Persistent link: https://www.econbiz.de/10012862428
.The result of this misinterpretation and misrepresentation of Keynes's decision theory can be seen in the response of public …
Persistent link: https://www.econbiz.de/10012858777
Persistent link: https://www.econbiz.de/10000544844
Persistent link: https://www.econbiz.de/10011629815
Persistent link: https://www.econbiz.de/10012699245
Team decision-making prevails in modern organizations. Teams often need to decide whether to delegate or make a … decision themselves. Recent work has found that many individuals assign a significantly positive intrinsic value to having a … decision right, which may distort the choice between delegating a decision or not. Here we examine experimentally whether teams …
Persistent link: https://www.econbiz.de/10013242343