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1 - 10 van 15 voor non rationality
Microsoft Word - disc76.doc
... in place of the cumbersome he or she' and his or her'. 4 admittedly, the rationality condition ceases to apply if drinkers are ill informed about the consequences of drinking (young ... lifetime costs into present costs. importantly for external cost studies, cost savings (premature death of non-working people, health-care costs of other more costly diseases31 ) are not considered. nor are ...
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disc160.pdf
... gender are similar. 10we loose observations because of missing information about asset ownership (about 2180), non response on the question about the planned retirement age (about 1220), missing information about ... equations, the review of economic studies, benitez-silva, h., and d. s. dwyer (2005) the rationality of retirement expecta- tions and the role of new information, review of economics and ...
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Microsoft Word - cpbdoc214.doc
... non-rational behaviour and non-economic motives rational behaviour (perfect foresight and information, no transaction costs, well defined and stable preferences) non-rational behaviour (short sightedness, loss aversion, money illusion, unrealistic optimism, bounded rationality ...
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Microsoft PowerPoint - economics_financial_crisis.ppt
... 2010 cartoons economicsandfinancialcrisis amsterdam 6 oct 2010 10 theses 1. rationality efficiency 2. we are not rational 3. non-rationality not needed to explain crisis 4. a good ... economics to biology economicsandfinancialcrisis amsterdam 6 oct 2010 3. non-rationality and crisis but limited value added of non-rationality in explaining the crisis speculative bubbles are not irrational technically ...
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L:\...\cpb_discussion1 .w [PFP#711495169]
... countries simultaneously decide upon optimal emissions, each country emits less than in a non-cooperative setting. 17 we discussed before. on the other hand, environmental irreversibilities may ... example, jaffe and stavins, 1994). we refer the reader to the concepts of bounded rationality and 'satisficing behaviour' for interesting potential explanations for this paradox. these concepts loosen ...
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bijz8.pdf
... in open economies cannot rely only on aggregate demand policies; relative prices between tradables, non-tradables and labour are also highly relevant'. the limits of monetary policy became apparent ... 's performance by designing innovative approaches to policy issues. in a world of bounded rationality, competition is an important channel for experiment- ing and for producing information about what ...
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Onderzoeksmemorandum (set-up) [PFP#301156075]
... attacks the relevance of common statistical criteria for forecast quality, and promotes three non-statistical criteria logical coherence, economic coherence, and stability. against this background, alternative ... , m.p. (1995), rationality and the role of judgement in macroeconomic forecasting , economic journal 105, 410-420. clements, m.p. (1997), evaluating the rationality of fixed-event forecasts ...
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governance stakeholder relationships german and dutch experience pdf
... and partly corresponding interests in the company. transaction cost economics3 explains why bounded rationality makes it infeasible to align diverging interests and avoid conflicts by designing comprehen- ... with the long-term relationship provide the bank with an informational advantage over non-monitoring competitors. hence, informational rents motivate banks to perform monitoring activities and ...
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Microsoft Word - memo122.doc
... period) can be seen as private financial costs of education (cf. oecd, 1998). non-financial effects private non-financial effects include benefits in terms of a better personal health position or ... the example of education leading to more efficient consumer choices. when making education choices, assuming rationality, consumers take into account that not only they will earn more in the future, but ...
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optimality expert adjusted forecasts pdf
... contrast, for employment and gdp (price) we see that the model-based forecasts are made non-optimal by the expert. interestingly, table 2.3 shows that expert adjustment is beneficial in ... ., 1998, evaluating interval forecasts, international economic review, no. 39, 841-862. clements, m.p.,1995, rationality and the role of judgement in macroeconomic forecasting, the economic journal, no. 105, 410-420 ...
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