The philosophy of intransitive preference

Article Abstract:

A study was conducted in an attempt to develop normative arguments to analyze transitivity. The study focuses on assigning an ideal of rational agency for the topic. Results show that transitivity can be justified by normative arguments. This justification has made economists reconsider transitivity impact on economic theory. In addition, philosophical arguments which tend to disprove transitivity must likewise be considered.

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A bias in the prediction of tastes

Article Abstract:

An analysis of consumer preferences is undertaken whereby the hypothesis showing the tendency of people to be attached to an object which was received but not desired previously is tested. Two tests are conducted and the results of these show that there is indeed such an attachment. However, people are not aware of strength of such an attachment and frequently underestimate the value of the object prior to receipt.

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Information and the division of labor: implications for the firm's choice of organization

Article Abstract:

A team theory organizational structure is used to examine the corporate decision-making process. The model established differences in information availability and transmission among corporate members. These differences accounted for organizational problems involving labor division. The differences also generated corporate information structures with expected payoff variations.

Corporate culture, Industrial organization, Information resources management

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