Abstract The global labor market has experienced significant transformations due to technological advancements, globalization, and evolving socio-economic dynamics. Despite predictions from neoclassical economics, anomalies such as wage rigidity, involuntary unemployment, and underemployment persist. This article aims to critically analyze the neoc...
Recent evidence suggests that agents may base their forecasts for macroeconomic variables mainly on their personal life experiences. We connect this behavior to the concept of constant-gain learning (CGL) in macroeconomics. Our approach incorporates both heterogeneity in the life cycle via the perpetual youth model and learning from experience (LfE...
We develop a framework for categorization in games, applicable both to multistage games of complete information and static games of incomplete information. Players use categories to form coarse beliefs about their opponents' behavior. Players best-respond given these beliefs, as in analogy-based expectations equilibria. Categories are related to pr...
Published in Cognitive science
All forms of cognition, whether natural or artificial, are subject to constraints of their computing architecture. This assumption forms the tenet of virtually all general theories of cognition, including those deriving from bounded optimality and bounded rationality. In this letter, we highlight an unresolved puzzle related to this premise: what a...
I denna studie undersöks hur intern Business Intelligence påverkar beslutsprocessen i stora svenska bolag. Business Intelligence används mer och mer i beslutsprocessen och anses nu vara essentiellt för organisationer som vill vara konkurrenskraftiga. Organisationer vill också bli alltmer datadrivna i sin beslutsprocess och då basera beslut på data ...
We consider an adverse selection environment between an informed seller and an uninformed buyer, where no trade occurs when all buyers are the standard Bayesian-rational type. The buyer may be a “behavioral” type in that he may take actions different from the rational type. We show that, for any incentive-feasible mechanism with any non-trivial tra...
Purpose: In response, the purpose of this paper is to provide theoretical frameworks about the organizational uncertainty behind what and when to adopt blockchain technology and their implications on transaction costs. The immature nature and the absence of standards in blockchain technology lead to uncertainty in government organizations concernin...
Published in Environmental science and pollution research international
In this work, we study a dual-channel closed-loop supply chain (CLSC) where the manufacturer sells the new products via one fair caring retailer in the traditional channel and distributes the remanufactured products through her own direct channel in the presence of the carbon tax regulation. After solving the single-period Stackelberg game model by...
War is an undeniable phenomenon in international relations. But why do states fight each other? The quintessential question of the causes of war has drawn prolific scholarly attention ever since Thucydides' dissection of the Peloponnesian War (431-404 BCE). Yet little consensus has been reached. What makes war causes so elusive? One reason, I conte...
