This paper aims at reconciling the evidence that sophisticated valuation models are increasingly used by companies in their investment appraisal with the literature of bounded rationality, according to which objective ...

Diremos que evolução econômica tem lugar quando ocorre urna mudança estrutural. Neste trabalho se apresenta um modelo simples de como uma mudança evolutiva pode ocorrer em presença de agentes com racionalidade limitada. ...

A curve defined over a finite field is maximal or minimal according to whether the number of rational points attains the upper or the lower bound in Hasse-Weil's theorem, respectively. In the study of maximal curves a ...

This article aims to present the behavioral model of bounded rationality proposed by Herbert Simon as a framework to analyze the process of decision-making of agents in complex systems, characterized by non-ergodicity and ...

A curve defined over a finite field is maximal or minimal according to whether the number of rational points attains the upper or the lower bound in Hasse-Weil's theorem, respectively. In the study of maximal curves a ...

The aim of this is to discuss the process of 'learning' in Economics. The basic to be considered is that the 'Rational Expectation Hipothesis' is not consistent with that process, and that in order to include it in our ...