Common knowledge

Article Abstract:

Knowledge and rationality will determine the extent to which people will speculate. Incomplete knowledge is usually used as a basis for decision making in which rational agents decide what is common knowledge and acts accordingly. On presuming some things as common knowledge reposes some logical puzzles in economic theory regarding choices, risk-taking and speculation.

Information theory, Knowledge, Theory of, Epistemology

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Integration, organizational processes, and allocation of resources

Article Abstract:

The adverse effects of integration on the firm's decision related to the allocation of capital resources are analyzed. It is observed that the managers tend to exaggerate the likely returns to obtain the resource allocations.

United States, Resource allocation, Organizational structure

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Judgment aggregation: (im)possibility theorems

Article Abstract:

Usage of impossibility theorems for judgement aggregation, to analyze collective inconsistency of judgements through logical manipulation of data, is discussed.

Germany, Usage, Statistical methods, Probabilities, Probability theory

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