Scientific Revolution? A Farewell to EconWPA. MPRA is welcome.

Harin, Alexander (2006): Scientific Revolution? A Farewell to EconWPA. MPRA is welcome. Unpublished.

Abstract

A new approach is presented. It is based on a generalization of a breach of a term of contract and on the economic uncertainty principle. Problems, which can be solved, research fields, which can be augmented or created, and fields of applications in practical economy are reviewed. The role of information media is described.

• Item Type: MPRA Paper
• Language: English
• Keywords: uncertainty; risk; contract; utility; bank; market; industry; development; investment; scientific revolution; scientific evolution
• Subjects: C - Mathematical and Quantitative Methods > C7 - Game Theory and Bargaining Theory; D - Microeconomics > D8 - Information, Knowledge, and Uncertainty > D81 - Criteria for Decision-Making under Risk and Uncertainty; A - General Economics and Teaching > A1 - General Economics

References

Allais, M. (1953) “Le comportement de l'home rationnel devant le risque: critique des postulats et axiomes de l'école Américaine” Econometrica, 21, 503-46.

Blankmeyer, E. (1999) “The Heisenberg Principle in Economics” General Economics and Teaching from EconWPA, 9904004.

Capuano, C. (2006) “Strategic noise traders and liquidity pressure with a physically deliverable futures contract” International Review of Economics & Finance, 2006, 15, # 1, 1-14.

Chay, K., McEwan, P. and Urquiola M. (2005) “The Central Role of Noise in Evaluating Interventions that Use Test Scores to Rank Schools” American Economic Review, 2005, 95, # 4, 1237-1258.

EconWPA (2005) An Electronic Working Paper Archive in Economics http://econwpa.wustl.edu/wpasubmit.html

Ellsberg, D. (1961) “Risk, Ambiguity and the Savage Axioms” Quarterly Journal of Economics, 75, 643-669.

Goetzmann, W. and Ibbotson, R. (2005) “History and the Equity Risk Premium” Yale School of Management Working Papers from Yale School of Management, Yale ICF Working Paper No. 05-04.

Harin, A. (2006) “Economic Uncertainty Principle?” Pre- and Post-Print documents from HAL, CCSd/CNRS, halshs-00090791_v1.

Harin, A. (2005-2) “Scientific Revolution? A Farewell to EconWPA” Method and Hist of Econ Thought from Economics Working Paper Archive at WUSTL, 0512003.

Harin, A. (2005) “A new approach to solve old problems” Game Theory and Information from Economics Working Paper Archive at WUSTL, 0505005.

Harin, A. (2004) “Arrangement infringement possibility approach: some economic features of large-scale events” Research Announcements, Economics Bulletin, November 15, 2004 at http://www.economicsbulletin.uiuc.edu/DisplayList.asp?Type=All&Code=2#more

Hey, J. (2005) “Why We Should Not Be Silent About Noise” Experimental Economics, 2005, 8, 325-345.

Hey, J. and Orme, C. (1994) “Investigating Generalizations of Expected Utility Theory Using Experimental Data” Econometrica, 62, 1291-1326.

Kahneman, D. and Thaler, R. (2005) “Anomalies: Utility Maximization and Experienced Utility” SSRN Working Paper Series 2005.

Kahneman, D. and Tversky, A. (1979) “Prospect theory: An analysis of decision under risk,” Econometrica, 47, 263–291.

LogEc (2005) Top 25 Series by File Downloads 2005-11 http://logec.repec.org/scripts/seriesstat.pl?topnum=25;bymin=10;sortby=ld

MPRA (2006) http://mpra.ub.uni-muenchen.de/

Novarese, M. (2002) “Toward a Cognitive Experimental Economics” Experimental from Economics Working Paper Archive at WUSTL, 0211002.

Quiggin, J. (2005) “The precautionary principle in environmental policy and the theory of choice under uncertainty” Risk and Sustainable Management Group, University, Murray Darling Program Working Paper: M05#3.

Quiggin, J. and Chambers, R. (2005) “Economists and uncertainty” No WP2R05, Risk & Uncertainty Working Papers from Risk and Sustainable Management Group, University of Queensland.

Schoemaker, P. (1982) “The Expected Utility Model: Its Variants, Purposes, Evidence and Limitations” Journal of Economic Literature, XX, 529–563.

Von Neumann, J. and Morgenstern, O. (1944) Theory of Games and Economic Behavior, Princeton, N.J., Princeton University Press.