Showing 1 - 10 of 11,472
. The distinction rests on a difference between, what is called here, information and knowledge. While information is about … derived from his theories of information and knowledge. … facts such as prices, knowledge expresses the agent's belief about the world. Hayek argues that market order is superior to …
Persistent link: https://www.econbiz.de/10005769978
Elias Khalil's "Information, Knowledge and the Close of Friedrich Hayek's System," argues that an internal … contradiction exists within Hayek's political economy relating to his use of information and knowledge. As a result, Khalil argues …
Persistent link: https://www.econbiz.de/10005641860
theme in Joe Stiglitz monumental work, namely, the analysis of economies characterised by persistent learning and … major themes, namely, the consequences of learning and dynamic increasing returns, and "Keynesian" coordination failures …
Persistent link: https://www.econbiz.de/10011789723
of each pupil, to compare them to the new-classical(and keynesian) and Austrian information and knowledge theoretical … the pupils’ communication behavior during lessons and tests. The representation of the knowledge process is very …
Persistent link: https://www.econbiz.de/10005623506
Why are some people more optimistic about their life than others? Literature on locus of control suggests that optimism is associated with the belief that one’s life outcomes are controlled by internal factors, such as ability, instead of external factors, such as powerful others or...
Persistent link: https://www.econbiz.de/10005051053
We propose a model of learning when experimentation is possible, but unawareness and ambiguity matter. In this model …, complete lack of information regarding the underlying data generating process is expressed as a (maximal) family of priors …. These priors yield posterior inferences that become more precise as more information becomes available. As information …
Persistent link: https://www.econbiz.de/10012928769
theme in Joe Stiglitz monumental work, namely, the analysis of economies characterised by persistent learning and … major themes, namely, the consequences of learning and dynamic increasing returns, and "Keynesian" coordination failures …
Persistent link: https://www.econbiz.de/10011458677
by prior knowledge in a manner consistent with information effects rather than priming. Support for salary increases is …To study whether current spending levels and public knowledge of them contribute to transatlantic differences in policy … education spending and teacher salaries falls when respondents receive information about existing levels. Treatment effects vary …
Persistent link: https://www.econbiz.de/10011565610
by prior knowledge in a manner consistent with information effects rather than priming. Support for salary increases is …To study whether current spending levels and public knowledge of them contribute to transatlantic differences in policy … education spending and teacher salaries falls when respondents receive information about existing levels. Treatment effects vary …
Persistent link: https://www.econbiz.de/10011580916
KM initiative’s strategy, we can confuse the notions of information and knowledge, and disregard the importance of … knowledge. Further, we insist on the importance to integrate the individual as a component of the Enterprise’s Information and … information systems. Consequently, we propose an empirical model enabling to distinguish the notions of information and knowledge …
Persistent link: https://www.econbiz.de/10008500185