Experiment on entrepreneurial discovery: an attempt to demonstrate the conjecture of Hayek and Kirzner

Article Abstract:

Friedrich Hayek considered the free enterprise system to be most effective in making discoveries, while Israel Kirzner defined it to be the availability of profit opportunities that led to the entrepreneurial discoveries. An outdoor experiment was conducted to demonstrate the conjecture, of which the basic results have been stated.

Problem solving, Entrepreneurship, Prediction (Logic)

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Playing both roles in the trust game

Article Abstract:

The results of an individual playing both the roles in a trust game is presented. There is a vast difference in the attitude and the behaviour of the individual when he is informed that he is going to play both the roles in the game as compared to his behaviour when he was playing only a part in the game.

Reciprocity theorems, Belief and doubt

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Attitudes and allocations: status, cognitive dissonance, and the manipulation of attitudes

Article Abstract:

A social status model is developed to examine the psychological and physiological aspects of adequate finances.

Psychological aspects, Models, Social status, Cognitive dissonance

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