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Procedia - Social and Behavioral Sciences
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Procedia - Social and Behavioral Sciences
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Procedia - Social and Behavioral Sciences
Article . 2010
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http://dx.doi.org/10.1016/j.sb...
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Procedia - Social and Behavioral Sciences
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Research Papers in Economics
Preprint . 1996
Full-Text: http://econwpa.repec.org/eps/eh/papers/9612/9612002.pdf
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Economics and Cognitive Science

descriptionPublicationkeyboard_double_arrow_right Article , Preprint 01 Jan 2010 English Publisher:Elsevier BVJournal:Procedia - Social and Behavioral Sciences, volume 2, pages 7,371-7,376 (issn: 1877-0428, Copyright policy )
Authors: Douglass C. North;

doi: 10.1016/j.sbspro.2010.05.099

Economics and Cognitive Science

Abstract

The neo-classical approach to analyzing the performance of an economy assumes that in the face of pervasive scarcity individuals make choices reflecting a set of desires, wants or preferences. But valuable as this model has been for the development of an elegant body of theory it is a very imperfect tool for solving economic problems both at a moment of time but particularly over time. The puzzle I seek to unravel is how do humans evolve and believe in theories in the face of uncertainty.

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Keywords

cognitive uncertainty development, jel: jel:N

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citations
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
10
Average
Average
Average
gold
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