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A Behavioral Perspective of Decision Making Under Risk and Uncertainty

A Behavioral Perspective of Decision Making Under Risk and Uncertainty | Bounded Rationality and Beyond | Scoop.it

The global financial crisis that began in 2007 was not predicted by standard economic theory which assumes rational actors, efficient markets and equilibrium. Alternative explanations of economic behavior that are based on psychological regularities which are observed in human behavior were until recently relegated to the fringes of the discourse regarding economic phenomena. It will be argued that this has proven to have been a mistake.


Via Philippe Vallat
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The Recession is A Great Time to Start a Business

The Recession is A Great Time to Start a Business | Bounded Rationality and Beyond | Scoop.it

Are you ready for the fight?

 

Recessions are created for people who want follow this trend... why wouldn't you make your own trend and start your own business? An excellent post with some interesting insights and examples. [note mg]

 

Recessions are the perfect time to start a business: FedEx, Microsoft, Burger King and even GE were started during the recessions the U.S. has experienced over the last century and a half. If you’ve been thinking about starting a new business, the fact that the economy is down should not stop you. In fact, there are many reasons why the national economic situation should encourage you to start a new business now.

 

You Have Motivation...

 

Read more: http://bit.ly/L9RTWH


Via Martin Gysler
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