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In the last years, a codification debate has developed among economists concerning the meaning and the empirical relevance of tacit knowledge. As this debate seems to have reached an impasse, we suggest a solution to take it a step further that is based on a more precise definition of tacit...
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This papers contributes to the stream of research on rule based behavior, and rationality. A bounded rational agent can deal just with a reduced number of variables, neglecting part of the overall complexity. This is usually taken as just a limitation: agents cannot deal with all relevant...
Persistent link: https://www.econbiz.de/10011523697
This article analyses the literature on altruism produced in economics (and also in psychology and socio-biology). Altruism is generally regarded as behaviour alternative to self-interest pursuit. Selfish behaviour, as assumed by traditional economic models, is contested by a vast series of...
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