Der Beitrag zeigt, wie der Gemeinsinn vom bloßen Lückenbüßer in Krisenzeiten zum dynamischen Fundament unserer Wirtschaft und Gesellschaft avancieren kann. Dafür entwickelt und visualisiert die Autorin ein neues Erkenntnisparadigma, das verkrustete ökonomische Denk- und Handlungsweisen...

We incorporate unawareness into the delegation problem between a financial expert and an investor, and study their pre-delegation communication. The expert has superior awareness of the possible states of the world, and decides whether to reveal some of them to the investor. We find that the...

Der Beitrag zeigt, wie der Gemeinsinn vom bloßen Lückenbüßer in Krisenzeiten zum dynamischen Fundament unserer Wirtschaft und Gesellschaft avancieren kann. Dafür entwickelt und visualisiert die Autorin ein neues Erkenntnisparadigma, das verkrustete ökonomische Denk- und Handlungsweisen...

Die aktuellen politischen Debatten um den Klimawandel oder die Corona-Pandemie zeigen die grundlegende Umstrittenheit von Expertise in Politik und Gesellschaft. Die Beiträge dieses Bandes analysieren hierzu verschiedene Facetten, Akteure und Dynamiken der aktuellen Konflikte um Wissen und...

The value of information is examined in a single-agent environment with unawareness. Al though the agent has a correct prior about events he is aware of and has a clear understanding of his available actions and payoffs, his unawareness may lead him to commit information processing errors and to...

“No trade” theorems establish that, in various trading environments, investors who share a common prior will not engage in speculation, as long as expected utility, Bayesian updating and full awareness are imposed. We relax the last assumption by allowing for asymmetric unawareness and...

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...

If entrepreneurship is amid jungle of theories and has many theorists, its social orientation or what is known as social entrepreneurship (SE) is amid arid land of theories and suffers under-theorizing which could be inherently stemmed from its diversely proposed definitions. To be situated in...

The paper examines one of the considerations that determines the extent to which policymakers pursue the objectives demanded by constituents. The nature and extent of their ignorance serve to determine the incentives confronted by policymakers to pursue their constituents' demands. The paper...

This paper provides a set-theoretic model of knowledge and unawareness. A new property called Awareness Leads to Knowledge shows that unawareness of theorems not only constrains an agent's knowledge, but also, can impair his reasoning about what other agents know. For example, in contrast to Li...

Equilibrium notions for games with unawareness in the literature cannot be interpreted as steady-states of a learning process because players may discover novel actions during play. In this sense, many games with unawareness are "self-destroying" as a player's representation of the game may...

"This book discusses the vital importance of including indigenous knowledges in the sustainable development agenda. In the wake of colonialism and imperialism, dialogue between indigenous knowledges and Western epistemology has broken down time and again. However, in recent decades the broader...

Eine Krise jagt die andere: Klima-, Finanz- und Corona Krise. Die etablierten Wissenschaften schweigen dazu, verweigern sich, Verantwortung zu übernehmen. Dies zu ändern, ist das Anliegen der engagierten Autoren dieses Textes. Dieser will ein neues Verständnis für Zusammenhänge und Ursachen...

Chapter 1. Introduction -- Part 1. New Perspective for the History of Economic Thought -- Chapter 2. The methodological role of the history of economic thought -- Chapter 3. A bibliometric portrait of contemporary history of economic thought -- Chapter 4. Moving boundaries with gender budgeting:...

Vor dem Hintergrund der für viele Experten unvorhersehbaren Finanzkrise von 2008/2009 widmet sich dieser Aufsatz die Frage, wie (ökonomische) Bildung zu einer "moralischen Phantasie" (Günter Anders) befähigen kann, mit der die Genese von Krisen und ihrer Konsequenzen unmittelbarer erfasst...

Strategy is formally defined as a complete plan of action for every contingency in a game. Ideal agents can evaluate every contingency. But real people cannot do so, and require a belief-revision policy to guide their choices in unforeseen contingencies. The objects of belief-revision policies...