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Agent-based modeling for decision making in economics under uncertainty

Vermeulen, Ben; Pyka, Andreas - 2016

Ever since the emergence of economics as a distinct scientific discipline, policy makers have turned to economic models to guide policy interventions. If policy makers seek to enhance growth of an open capitalist economy, they have to take into account, firstly, the uncertainties,...

Persistent link: https://www.econbiz.de/10011422415

Agent-based modeling for decision making in economics under uncertainty

Vermeulen, Ben; Pyka, Andreas - 2015

Persistent link: https://www.econbiz.de/10011281255

State Decisions in the Face of Uncertainty

Spiecker, Indra - 2004

The legal system encounters many problems in facing uncertainty. Neither does a particular theory exist of how to … static environment. Situations of uncertainty cause these mechanisms to falter as missing knowledge and missing … the decision theory, into the legal understanding starting from the definition of Knightian risk and uncertainty as well …

Persistent link: https://www.econbiz.de/10014126350

State Decisions in the Face of Uncertainty

Spiecker, Indra - 2001

Persistent link: https://www.econbiz.de/10014131047

Loss aversion and decision fatigue at the Wimbledon tennis championship

Mallard, Graham - In: International journal of behavioural accounting and finance 6 (2016) 1, pp. 70-91

Persistent link: https://www.econbiz.de/10012250949

Boom and Bust Behavior : On the Persistence of Strategic Decision Biases

Gary, Michael Shayne; Dosi, Giovanni; Lovallo, Dan - 2009

Boom and bust or overshoot and collapse dynamics are common among firms in a large range of different industries. The underlying cognitive and behavioral factors responsible for strategic decisions driving boom and bust dynamics include misperceptions of feedback, attribution errors, and the...

Persistent link: https://www.econbiz.de/10014048349

Organizational Decision-Making and Information : Angel Investments by Venture Capital Partners

Wu, Andy - 2016

We study information aggregation in organizational decision-making for the financing of entrepreneurial ventures. We introduce a formal model of voting where agents face costly tacit information to improve their decision quality. Equilibrium outcomes suggest a theoretical tension for group...

Persistent link: https://www.econbiz.de/10013003716

What Makes a Decision Strategic? Strategic Representations

Csaszar, Felipe A. - 2018

This paper delves into the effects that strategic representations have on firm performance. It does so in four ways. First, it describes different types of representations—internal, external, and distributed—and it points to their pervasiveness in strategy. Second, it presents a framework to...

Persistent link: https://www.econbiz.de/10012907516

A Framework Explaining How Consumers Plan and Book Travel Online

Conyette, Michael - 2013

The dynamics of online searching and purchasing is becoming better known and understood as researchers study various products sold via the Web. Even though there is a prevalence of travel products purchased online, integrated frameworks that identify the various determinants of the decision...

Persistent link: https://www.econbiz.de/10013089902

Open Innovation and Cost Based Decision Making Mechanisms : A Review

Rajib, Md Salah Uddin; Fan, Luo; Kumara, Emil Sudath - 2012

Open innovation has received a considerable focus nowadays. The increasing volume of research on Open innovation (OI) indicates the interest about open innovation. But, still the cost of OI is unrevealed. Researchers are still working on the specification of OI. It seems that the determination...

Persistent link: https://www.econbiz.de/10014170040