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Pension provision by small employers in Ireland: an analysis of Personal Retirement Savings Account (PRSA) using bounded rationality theory

attitudes towards PRSAs on their employees’ choices to save for retirement. The presence or absence of employee members in pension schemes may be explained, in part, by the attitudes and decision-making processes of the small employers whichare formed within the legal and institutional environment shaped by government and pension providers. Adopting bounded rationality as the theoretical perspective on decision-making, the current paper aims to illuminate small employers’ decision-making processes on pension provision. Bounded rationality proposes that the decision

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The impact of mathematical competences and cognitive effort on the appearance of the framing effect

. Kahneman, D., & Tversky, A. (1979). Prospect theory: an analysis of decision under risk. Econometrica, 47(2), 263-292. Kowalski, T. (2002). The Simonian bounded rationality hypothesis and the expectation formation mechanism. Poznań University of Economics Review, 2(1), 5-24. Kuhberger, A. (1998). The influence of framing on risky decisions: a meta-analysis. Organizational Behavior and Human Decision Processes, 75(1), 23-55. Kuhberger, A., Schulte-Meckleenbeck, M., & Perner, J. (1999). The effect of framing reflection

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Capability Building and Learning: An Emergent Behavior Approach

oficio de la simulación, EUNSA. Rosanas, J. (2008), Beyond Economic Criteria: A Humanistic Approach to Organizational Survival, Journal of Business Ethics, DOI 10.1007/s10551-006-9341-9ld Rubinstein, A. (1997), Modeling Bounded Rationality, Boston, Mass., MIT Press. Ryan, R. M., Deci, E. L. (2000), Intrinsic and Extrinsic Motivations: Classic Definitions and New Directions, Contemporary Educational Psychology, 25, pp. 54-67. Saleh, S., Hyde, J. (1969), Intrinsic vs. Extrinsic Orientation and Job

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Analysis of a Dynamical Cournot Duopoly Game with Distributed Time Delay

). On a New Cournot Duopoly Game. Journal of Chaos , 2013, 5 pages. http://dx.doi.org/10.1155/2013/487803 Agiza, H. N., Hegazi, A. S., & Elsadany, A. A. (2001). The dynamics of Bowley'smodel with bounded rationality. Chaos, Solitons and Fractals , 12(9), 1705-1717. Agiza, H. N., Hegazi, A. S., & Elsadany, A. A. (2002). Complex dynamics and synchronization of a duopoly game with bounded rationality. Mathematics and Computers in Simulation , 58(2), 133-146. Binmore, B. (1999). Jeux et theorie des jeux , Bruxelles: Ed. De Boeck Universite. Chiarella, C

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Learning and Reasoning in Unknown Domains

Strannegård, C. 2014. Learning Propositional Logic From Scratch. In The 28th annual workshop of the Swedish Artificial Intelligence Society (SAIS) . Piaget, J. 1937. La construction du réel chez l’enfant. Delachaux & Niestlé. Popper, K. R. 1972. Objective knowledge: An evolutionary approach . Clarendon Press Oxford. Rosenbloom, P. S. 2013. The Sigma Cognitive Architecture and System. AISB Quarterly 136:4–13. Simon, H. A. 1982. Models of Bounded Rationality: Empirically Grounded Economic Reason , volume 3. MIT press. Steunebrink, B. R

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Students’ perceived risk and investment intention: the effect of brand equity

persuasion”, Journal of Personality and Social Psychology, Vol. 46, No. 1, pp. 69-81. Ekos Negocios, (2004), “Top 1000 Ranking Empresarial Ecuador 2014” [on line]. [August 2014]. Retrieved from: http://www.ekosnegocios.com. Rossiter, J.R. and Percy, L. (1987), “Advertising and promotion management”, McGraw- Hill Book Company. Simon, H. (1972), “Theories of bounded rationality. In C. McGuire & R. Radner. Decision and Organization (Chapter 8)”, Amsterdam: North-Holland Publishing Company. Simon, H. (1955), "A

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Bounded Rationality of Individual Action in the Consumption of Public Goods

Abstract

In order to gain a better understanding of human behaviour, Economics seeks to work with other disciplines such as Psychology, Sociology, or Anthropology (Behavioural Economics). Unlike neoclassical economic theory, behavioural economics does not assume a rational individual. On the contrary, it focuses on an irrational (bounded rational) individual while revealing what really influences his decision and his actions in order to respond more adequately to public needs, increasing the efficiency of public-service provision. The aim of the paper is to investigate the factors of willingness to pay for public services. The willingness of individuals to pay depends on factors such as affection and sympathy, conviction, compassion, regret, respect, warm glow, commitment to society, appreciation, invitation to participation, fundraising method and tax policy. The significance of the research conclusions lies in initiating a new perspective on the possibilities of securing public services.

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Decision Making in Psychiatric Reform: A Case Study of the Czech Experience

decision-making, such as what is known as the rational-comprehensive model, are highly rationalistic, and assume a consensus among stakeholders on goals and an ability to identify alternative means for achieving them and predicting their success, all assumptions that can rarely be met in most fields. For this reason, a variety of alternatives to this baseline rationalistic model have been proposed since the mid-twentieth century. These include Lindlom's incremental decision making model (1959), Simon's bounded-rationality (1991), Etzioni's mixed scanning (1967), and more

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Urban Housing Policy Considerations: Perspectives from the Finnish Housing Market

Abstract

It is very difficult to study phenomena in housing markets using conventional so-called neoclassical economics. The core problem stems from the highly unrealistic assumptions of neoclassical economics, such as homogeneous products, equilibrium markets, ceteris paribus clauses, deterministic and linear systems, rationality of economic agents, and the utility maximization principle. New Keynesian economics appears to be a more fruitful approach to housing markets since it presumes that products are differentiated, markets are in disequilibrium state and there exists imperfect competition in a marketplace. Furthermore, new Keynesian economics utilizes the concept of bounded rationality, which is a more realistic description of the actual behavior of economic agents than the theoretical notion of rationality in neoclassical economics.

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Incentive System in Hungarian High Performance Sport

Abstract

This study will attempt to describe the role of existing incentives which have a significant effect on Hungarian sport's performance. The aim of the paper is to understand why a large gap has emerged between successful elite sports and the popular but underperforming spectacular sport. According to the concept of dual competition, in addition to sport results, the analyzed fields also concern competition for resources, particularly for the attention of supporters and sponsors. The methodology of the analysis is fundamentally economic in nature; however, qualitative methods are also given emphasis, as the analyzed topic has specific characteristics. Based on new institutional economics, the study presumes that the behavior of organizations is determined by the decisions of bounded rational individuals, and highlights the significance of the created mechanisms and institutions.

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