Articles

Making Sense of Economic Models by HEC Professor Itzhak Gilboa - ©Fotolia - tomertu_web

Economics is not considered the most successful scientific discipline, to say the least. There are various lines of critique of the field, some more justified than others. Two recent research papers attempt to add new angles to this methodological discussion, arguing that economic models can be useful and serve society in ways that differ from the classical view of science.

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Micro-economics7 December 2016

Do people manage their time like their money?

Time and money are two valuable and scarce resources that individuals try to manage optimally in (...)

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Micro-economics7 December 2016

How should we decide in the face of uncertainty?

How should governments decide in the face of radical uncertainties, such as those concerning (...)

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In a paper that focuses on trade agents’ beliefs about potential market transactions, Itzhak Gilboa (...)

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Uncertainty accompanies most individual and collective decisions. Given the unknown probabilities (...)

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Habit, genetic factors, socieconomic background, wealth, standards of living, family size, (...)

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How do you get competitive markets when firms that sell an end product control the means of (...)

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Why did Napoleon lose the battle of Waterloo? Long fascinated by the endless theories and analyses (...)

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