Collective Intentionality
Philosophy

Collective Intentionality

Collective Intentionality Collective intentionality is the power of minds to be jointly directed at objects, matters of fact, states of affairs, goals, or values. Collective…
Advantages of the Financial Forecasting
Finance

Advantages of the Financial Forecasting

Financial forecasting is a process of projecting future financial requirements of a firm.  Financial forecasts assist in managing your finances. They are future predictions of…
Chainstore Paradox
Economics

Chainstore Paradox

Chainstore Paradox The chainstore paradox (or “chain-store paradox”) is a concept that purports to refute standard game theory reasoning. The chain store game is a…
About Nash Equilibrium
Economics

About Nash Equilibrium

About Nash Equilibrium Nash Equilibrium is a concept of game theory where the optimal outcome of a game is one where no player has an…
About Bayesian Efficiency
Economics

About Bayesian Efficiency

About Bayesian Efficiency Bayesian efficiency addresses an appropriate economic definition of Pareto efficiency where there is incomplete information. Under Pareto efficiency, an allocation of a…
About Pareto Efficiency
Economics

About Pareto Efficiency

About Pareto Efficiency Pareto efficiency (or Pareto optimality) is a quality of allocations in economics and game theory. If an allocation is Pareto efficient, no…
About Allocative Efficiency
Economics

About Allocative Efficiency

About Allocative Efficiency Allocational efficiency is a characteristic of an efficient market in which capital is allocated in a way that is most beneficial to…
About Agency Cost
Economics

About Agency Cost

About Agency Cost Agency costs are the costs of disagreement between shareholders and business managers, who may not agree on which actions are best for…
Common Causes of Business Risk
Finance

Common Causes of Business Risk

Common Causes of Business Risk A business risk may be defined as the possibility of loss due to some unforeseeable, unpredictable and unfavorable event in…
About Contract Theory
Economics

About Contract Theory

About Contract Theory Contract theory is an economic theory that entails how parties can develop a legal agreement in a situation that involves asymmetric information.…
About Wage Curve
Economics

About Wage Curve

About Wage Curve Wage curve is a curve which represents a relationship between the rate of unemployment (plotted on the X-axis) and the wage rate…
Reflexivity in Economics
Economics

Reflexivity in Economics

Reflexivity in Economics In Economics reflexivity refers to the self-reinforcing effect of market sentiment, whereby rising prices attract buyers whose actions drive prices higher still…
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