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Journal Article
History of Political Economy (1987) 19 (4): 517–523.
Published: 01 November 1987
... paradox and bounded utility Gilbert W Bassett, Jr. I. Bernoulli and Crarner In the 1738 Papers of the Imperial Academy of Sciences in Petersburg, Daniel Bernoulli originates the distinction between the mathematical and moral expectation of a lottery. The value...
Journal Article
History of Political Economy (2007) 39 (1): 178–180.
Published: 01 March 2007
.... In these contexts, where sympathy is naturally less, an impartial spectator approves of behavior that is self-interested, as long as it respects the bounds of justice. Finally, Otteson sets the record straight on the role of fi nal causes in Smithʼs moral theory, and on the related question of whether Smith...
Journal Article
History of Political Economy (2005) 37 (1): 27–59.
Published: 01 March 2005
... Economics in Honor of Oskar Morgenstern , edited by Robert J. Aumann et al., 11 -42. Mannheim: Bibliographisches Institut. ____. 1986 . Rationality and Bounded Rationality. Nancy L. Schwartz Lecture, delivered May 1986 at the J. L. Kellogg School of Management, Northwestern University. ____. 1997...
Journal Article
History of Political Economy (2023) 55 (1): 103–143.
Published: 01 February 2023
... the practice of consumption modeling drifted away from Hall's original proposal, suggesting the necessity of a more nuanced view of the notion of influence in contemporary macroeconomics. In this particular case, we found that drifting occurred within the bounds set by the Euler equation and the assumptions...
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Journal Article
History of Political Economy (2005) 37 (2): 227–232.
Published: 01 June 2005
.... 1979 . On the Contributions of Herbert A. Simon to Economics. Scandinavian Journal of Economics 81.1 : 83 -93. Arrow, Kenneth J. 2004 . Is Bounded Rationality Unboundedly Rational? Some Ruminations. In Models of Man: Essays in Memory of Herbert Simon , edited by Mie Augier and James G. March...
Journal Article
History of Political Economy (2006) 38 (Suppl_1): 305–321.
Published: 01 December 2006
...Esther-Mirjam Sent Duke University Press 2006 Aumann, Robert J. 1976 . Agreeing to Disagree. Annals of Statistics 4.6 : 1236 -39. ____. 1997 . Rationality and Bounded Rationality. Games and Economic Behavior 21 : 2 -14. Aumann, Robert J., and Sylvain Sorin. 1989...
Journal Article
History of Political Economy (2002) 34 (2): 291–320.
Published: 01 June 2002
..., Thomas J. 1993 . Bounded Rationality in Macroeconomics . Oxford: Oxford University Press. Sargent, Thomas J., and Neil Wallace. 1975 .“Rational” Expectations, the Optimal Monetary Instrument, and the Optimal Money Supply Rule. Journal of Political Economy 83.2 : 241 -54. ____. 1976...
Journal Article
History of Political Economy (2004) 36 (4): 735–760.
Published: 01 November 2004
... Institut. ____. 1986 . Rationality and Bounded Rationality. Nancy L. Schwartz Lecture, delivered May 1986 at the J. L. Kellogg School of Management, Northwestern University. ____. 1989 . Lectures on Game Theory . Boulder, Colo.: Westview Press. ____. 1992a . Irrationality in Game Theory...
Journal Article
History of Political Economy (1995) 27 (Supplement): 7–32.
Published: 01 December 1995
... of an agent is by means of a convex set of classical point-valued probabilities. The result is that a given proposition has, for the agent, an upper and a lower bound. My view takes the value of the probability function always to be an interval (rarely, a degenerate interval). On my view, this may...
Journal Article
History of Political Economy (2004) 36 (Suppl_1): 92–126.
Published: 01 December 2004
... and the Keynesian. Review of Economic Studies 3 : 201 -16. Christiano, L. 2000 . Comment on Theoretical Analysis Regarding a Zero Lower Bound on Nominal Interest Rates. Journal of Money, Credit, and Banking 32.4 : 905 -30. Coddington, A. 1979 . Hicks's Contribution to Keynesian Economics. Journal...
Journal Article
History of Political Economy (1992) 24 (2): 369–380.
Published: 01 June 1992
... in Leyden in 1768, and the British Library copy is bound in one octavo vol- ume; it could, however, easily have been split in to two, the first dealing with Quesnay’s Tableau Econornique, the second (to which Ma1 thus refers) being Maxirnes Gknkrales du Gouvernernent Ikonornique d’ un...
Journal Article
History of Political Economy (1976) 8 (3): 400–411.
Published: 01 September 1976
... different from management’s cost of conflict (lost orders). These expectations determine a lower and an upper bound to the negotiated money wage rate. The lower bound is cL,for that is what labor expects to live with after a conflict. The upper bound is cM,for that is what management would...
Journal Article
History of Political Economy (1984) 16 (2): 175–186.
Published: 01 June 1984
... the essential constancy of the exploitation rate S‘ and the increasing organic composition of capital over time (a > m. For if both these tendencies hold (or, by the way, if S’ is falling), the capitalists’ saving propensity s, increases without bound, meaning that it eventually reaches and exceeds...
Journal Article
History of Political Economy (1995) 27 (Supplement): 285–287.
Published: 01 December 1995
... interests include bounded rationality, experimental economics, and economic philosophy. Recent publications include “Recursiveness and Preference Ordering,” Journal of Economic Dynamics and Control 17 (1993), and “Bounded Rationality: A Simon-Like Explication,” Journal of Economic Dynamics and Control...
Journal Article
History of Political Economy (2006) 38 (Suppl_1): 322–342.
Published: 01 December 2006
.... Journal of Political Economy 56 ( April ): 95 -108. Cherniak, C. 1994 . Component Placement Optimization in the Brain. Journal of Neuroscience 14.4 : 2418 -27. Conlisk, John. 1996 . Why Bounded Rationality? Journal of Economic Literature 34 ( June ): 669 -700. Dixit, Avinash K...
Journal Article
History of Political Economy (2002) 34 (Suppl_1): 284–297.
Published: 01 December 2002
... on the historyof contemporary economics in myresearch. One example is some of the research I have done on bounded rationality. What is so fascinating about bounded ra- tionalityis that it was a veryactive research program, say, in the 1960s, but has since died. And now, apparently, there is a revival...
Journal Article
History of Political Economy (2014) 46 (suppl_1): 295–314.
Published: 01 December 2014
... ( 3 ): 211 – 21 . Arrow Kenneth J. 1957 . “ Decision Theory and Operations Research .” Operations Research 5 ( 3 ): 765 – 74 . ———. 2002 . “ The Genesis of ‘Optimal Inventory Policy.’ ” Operations Research 50 ( 1 ): 1 – 2 . ———. 2004 . “ Is Bounded Rationality...
Journal Article
History of Political Economy (1992) 24 (Supplement): 95–112.
Published: 01 December 1992
.... Zeitschrift für Nationalökonomie 36 .3–4 : 217 -45. Morgenstern , Oskar , and Gerald Thompson. 1976 . Mathematical Theories of Expanding and Contracting Economies . Lexington, Mass.: D. C. Heath & Co. Neyman , Abraham. 1985 . Bounded Complexity Justifies Cooperation in the Finitely...
Journal Article
History of Political Economy (1990) 22 (S1): 15–28.
Published: 01 December 1990
...- ment his methods of work. He was a copious note-taker and read voraciously. He kept bound notebooks with reflections and excerpts from his current reading, especially in the early years when he was constructing the Grundsiitze. Later he made notes and revisions on loose sheets, having some of them...
Journal Article
History of Political Economy (2004) 36 (4): 589–616.
Published: 01 November 2004
... and as insights into the best indexes. For example, chart 41P (Fisher [1922] 1923, 178), reproduced here as figure 1, shows the upper and lower bounds of the individual prices, of all in- dex numbers, of all index numbers satisfying at least one test, and of all index numbers satisfying both tests. For each...