Published in: Swiss Journal of Economics and Statistics, 133 (2/2), 1997, 201–218. © 1997 Peter Lang, 0303-9692. Bounded Rationality: Models of Fast and Frugal Inference Gerd Gigerenzer1 Max Planck Institute for Psychological Research, Munich, Germany Humans and other animals need to make inferences about their environment under constraints of limited time, knowledge, and computational capacities. However, most theories of inductive inferences model the human mind as a supercomputer like a
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118 CHAPTER 5 Writing Business Messages LEARNING OBJECTIVES After studying this chapter, you will be able to 1 2 3 Explain the importance of adapting your messages to the needs and expectations of your audience Explain why establishing credibility is vital to the success of your communication efforts Discuss four ways of achieving a businesslike tone with a style that is clear and concise 4 5 6 Briefly describe how to select words that are not only correct but also effective
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7 Sep 2004 AR AR231-PS56-14.tex P1: IKH AR231-PS56-14.sgm LaTeX2e(2002/01/18) AR REVIEWS IN ADVANCE10.1146/annurev.psych.56.091103.070141 V I E W A N I N C E S R E 22:24 D V A Annu. Rev. Psychol. 2005. 56:14.1–14.28 doi: 10.1146/annurev.psych.56.091103.070141 Copyright c 2005 by Annual Reviews. All rights reserved First published online as a Review in Advance on September 10, 2004 PROSOCIAL BEHAVIOR: Multilevel Perspectives Louis A. Penner Karmanos
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Academy of Management Journal 2013, Vol. 56, No. 5, 1465–1486. http://dx.doi.org/10.5465/amj.2011.0180 WHEN POWER MAKES OTHERS SPEECHLESS: THE NEGATIVE IMPACT OF LEADER POWER ON TEAM PERFORMANCE LEIGH PLUNKETT TOST University of Michigan FRANCESCA GINO Harvard University RICHARD P. LARRICK Duke University We examine the impact of the subjective experience of power on leadership dynamics and team performance and find that the psychological effect of power on formal leaders spills over to affect
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Psychology Not to be confused with Phycology, Physiology, or 1 Etymology Psychiatry. Further information: Outline of psychology and Index The word psychology literally means, “study of the soul" of psychology articles (ψυχή psukhē, “breath, spirit, soul” and -λογία -logia, “study of” or “research”).[10] The Latin word psycholoPsychology is an academic and applied discipline that gia was first used by the Croatian humanist and Latinist involves the scientific study of mental functions and Marko
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Qualitative characteristics in accounting disclosures: a desirability trade-off Malcolm Smith Associate Professor of Accounting, School of Economics and Commerce, Murdoch University, Perth, Australia A number of studies in the USA, UK, Australia and Canada have addressed the evaluation of the usefulness of accounting information and sought to identify criteria for assessing the quality and utility of financial reports (e.g. Institute of Chartered Accountants in England and Wales (1975), Financial
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the impact of agriculture financing on economic growth appears more imperative for Nigeria. This paper employed secondary data and some econometric techniques such as Ordinary Least Square (OLS); Augmented Dickey-Fuller (ADF) unit root test; Granger Causality test. The results of the various models used suggest that there is bidirectional causality between economic growth and agriculture financing; and there is bidirectional causality between economic growth and agricultural growth. It further suggests
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Chapter 2 A Behavioral Finance Approach to Decision Making in Entrepreneurial Finance Rassoul Yazdipour By ‘uncertain’ knowledge, let me explain,… We simply do not know. J.M. Keynes (1937) Humans have an additional capability that allows them to alter their environment as well as respond to it. This capacity both creates and reduces risk. Paul Slovic (1987) All risk that is acted upon must be perceived risk because perception is based upon sensory data. We can only sense the ‘real
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first. At this point, you may only have a vague idea of the kind of data you would need to collect. By the end of this introductory econometrics course, you should know how to use econometric methods to formally evaluate a job training program or to test a simple economic theory. Econometrics is based upon the development of statistical methods for estimating economic relationships, testing economic theories, and evaluating and implementing government and business policy. The most common application
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econometric will reveal that many economic relationships are of single –equation type. In such models, one variable (the dependent variable Y) is expressed as a linear function of one or more other variables (the explanatory variables, the X’s). An implicit assumption is that the cause and effect relationship, if any , between Y and X’s is unidirectional. The explanatory variables are the cause and the dependent variable is the effect . However, there are situations where there is a two- way or simultaneous
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