The origin of predictable behavior: comment

Article Abstract:

Ronald A. Heiner, between 1983 and 1988, studied decision making under uncertainty. Heiner developed a reliability condition to identify whether decision makers with a competence-difficulty gap would benefit from being able to choose possible actions. Heiner's theory has many economic applications. One problem with Heiner's theory is explored.

Research, Rational expectations (Economics)

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Coping with Complexity: The Adaptive Value of Changing Utility

Article Abstract:

A model of preference change is developed to show the benefits of adaptive behavior. The interaction between beliefs and actions is included. Utility change represents an inadvertent adaptation to an unknown environment. Controlled preference change can overcome belief misspecification.

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Costly voting

Article Abstract:

An analysis of the way the companies should organize their meetings and votes, is performed. This analysis is based on a game-theoretic model of voting in which voting decisions are rational keeping in mind that every person' s vote is important.

United States, Voting

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