In this paper we investigate the behavior of solutions, stable and unstable of the solutions a second-order rational difference equation. Also we will discuss about the behavior of solutions a the rational system, we show these solutions may be stable or unstable.  

The standard theoretical description of rent-seeking contests is that of rational individuals or groups engaging in socially inefficient behavior by exerting costly effort. Experimental studies find that the actual efforts of participants are significantly higher than predicted in the models based on rational behavior and that over-dissipation of rents (or overbidding or over-expenditure of res...

To what extent will an industry in which mergers are feasible tend toward monopoly? We analyze this question using a dynamic dominant-firm model with rational agents, endogenous mergers, and constant returns to scale production. We find that long-run industry concentration depends upon the initial concentration. A monopolistic industry will remain monopolized and a perfectly competitive industr...

herd behavior by investors in capital markets is a behavioral bias that can cause to undesirable effects such as bubble, crash and high fluctuation in stock price. this anomalies can disturb the equilibrium relations in stock market and lead to market inefficiency. herd behavior is a condition that investors with rational or in rational reasons ignore private information and imitate from others...

Findings from behavioral organization theory, behavioral decision theory, survey research, and experimental economics leave no doubt about the failure of rational choice as a descriptive model of human behavior. But this does not mean that people and their politics are irrational. Bounded rationality asserts that decision makers are intendedly rational; that is, they are goaloriented and adapti...

Outline • Introduction – history of game theory – game theory in crisis – theory of rational behavior • Expected utility theory – standard expected utility theory – Savage's theory of subjective probability – the frequentist approach

This paper examines the implications of the brain sciences’ mechanistic model of human behavior for our understanding of crime. The standard rational-choice crime model is refined by a behavioral approach, which proposes a decision model comprising cognitive and emotional decision systems. According to the behavioral approach, a criminal is not irrational but rather ‘ecologically rational,’ out...

rational emotive behavior therapy (rebt) is based on the concept that emotions and behaviors are results of cognitive processes. there is a possibility for the human being to gain better ways for feeling and behavior in case of amending many processes. rebt is one of cognitive-behavioral therapies which is very much like cognitive therapy developed by aaron t. beck in 1960 although it’s separat...