Why Economic Management Models Do Not Foster Morals

Why Engineering Models Do Not Have

Morals Matter in Economic Games

Contrary to predictions from Expected Utility Theory and Game Theory, when making economic decisions in interpersonal situations, people take the interest of others into account and express various forms of solidarity, even in one-shot interactions with anonymous strangers. Research in other-regarding behavior is dominated by behavioral economical and evolutionary biological approaches. Psychol...

Why partners do not fit into purchasing portfolio models by

Purchasing portfolio models have received great attention during the last two decades. The simplicity of application and the focus on power-dependence balancing has been appreciated by practitioners and academics alike. In this paper we argue that the starting point in 'given' products in addition to a dyadic perspective on purchasing management may be counteractive when purchasing efficiency i...

Why UML will not do ?

Models, morals, and metaphors

By Leo P. Kadanoff1 February 2002, page 10 Games of chance are often used as conceptual models of random processes in nature. For example, an exhibit on the heart in Chicago’s Museum of Science and Industry includes a kind of pinball machine. After the balls bounce somewhat randomly through this machine, they fall into bins symbolizing the different states of health of one’s heart. One can bias...