This paper introduces heterogeneous expectations into a New Keynesian model. Our primary theoretical contribution is to provide an aggregation result for a model with nominal rigidities and heterogeneous bounded rationality. We incorporate bounded rationality at the individual agent level and determine restrictions on expectations operators sufficient to imply aggregate IS and AS relations of t...

I prefer commencing with the consideration of an effect. Keeping originality always in view – for he is false to himself who ventures to dispense with so obvious and so easily attainable a source of interest – I say to myself, in the first place, “Of the innumerable of effects, or impression, of which the heart, the intellect, or (more generally) the soul is susceptible, what one shall I, on th...

Purpose – Employees’ compliance with information security policies is considered an essential component of information security management. The research aims to illustrate the usefulness of social action theory (SAT) for management of information security. Design/methodology/approach – This research was carried out as a longitudinal case study at a Swedish hospital. Data were collected using a ...

foundational principle of spinoza’s theory about happiness is his new conception of non-personal god. in this way, he begins with recognizing the reasons of anthropomorphism and criticizes the personal god. in this article by conceptual systematism method, these critiques have been discussed. in spinoza’s view the first reason of anthropomorphic conceptions is insufficient ideas about god. spin...

Several recent works point out that design is one of the main driver of innovation. Therefore, it is interesting to analyze how design contributes to these last process. The point of view we present in this communication assumes that design is based on a specific rationality we called creative rationality. This paper aims at presenting its theoretical roots. Creative rationality derives from Vi...

In this short presentation I will attempt to accomplish a couple of different goals. First, I will discuss a series of recent cases that set out the doctrine for biotechnology patenting. Judge Lourie of the Federal Circuit has written most of the opinions, and recently one or two other judges have joined in. Looking at these cases is much like looking at a wonderful machine, as the cases progre...

Theoretical and experimental investigation of wear during coupling in internal gears coated with various polymeric coating materials was performed in this study. In the theoretical part of the study, Archards’ wear formulation was adapted to internal gears and wear behavior in various conditions was determined. Moreover, a fatigue and wear testing apparatus having similar working principle with...

Theoretical rationality and practical rationality are, respectively, properties of an individual's belief system and decision system. While reasoning about instrumental actions complies with practical rationality, understanding communicative actions complies with the principle of relevance. Section 2 reviews the evidence showing that young infants can reason about an agent's instrumental action...

Research and scientific explanation about discourse democracy theory of Jurgen Habermas  and studying and evaluating reflection and generalization of his philosophical and epistemological principles are objectives which the researcher follows in this research From this view, there is studied representation of concepts and categories such as cognitive interests, communication action, discoursing...