Labor hoarding is a widely believed empirical behavior of …rms and a prominent explanation for procyclical labor productivity. Conventional wisdom attributes labor hoarding to labor adjustment costs. This paper argues that the conventional wisdom is inadequate for understanding labor hoarding because it ignores the role of inventories. Since idle labor can be used to produce inventories, why do...

What is democracy? Democracy is a mechanism of creating the collective wisdom of a society from individual wisdoms of members of that society. However, starting from the famous Arrow’s impossibility theorem that there are no reasonably good voting systems, some recent results shows that there are severe theoretical limitations for such a collective wisdom and even the mere possibility of it is ...

Collective intelligence, or the wisdom of crowds, refers to a phenomenon by which, under the right conditions, groups of individuals can render highly accurate judgments. This phenomenon has long played an important role in economics, where understanding the behavior of groups is often essential to explaining economic outcomes. More recently, political scientists have shown that trends in publi...

OBJECTIVES This study examined individual differences in laypeople's conceptions of wisdom using a person-oriented approach, as previous studies using a priori group variables may have underestimated the variability. Although there is a tradition of examining people's implicit theories of wisdom, this study is the first to also investigate their views of how wisdom develops. METHODS A total o...

Whether it is permissible for Allah to impose responsibilities beyond his power and possibilities one of the most controversial theological issues. The Mu'tazila, who gave full freedom right choice people in their actions, described proposal divine offer that could not be achieved as cruelty line with this understanding. Since Allah's doing evil/bad ugly things like incompatible His attribute j...

Under the right circumstances, groups can be remarkably intelligent and statistical aggregates of individuals’ decisions can outperform individual’s and expert’s decisions. Examples of this wisdom of crowds effect range from markets, auctions, political polls, internet search engines to quiz shows (Galton, 1907; Lorge, Fox, Davitz, & Brenner, 1958; Surowiecki, 2004; Page, 2007; Mannes, 2009). R...

Abstract: The sensational story of Samson's birth grabs the reader's attention which made role nameless mother not stand out. This situation becomes urgent for author to reveal hidden polemics and elevate existence women in patriarchal cultural ideology implied this text. theological thinking is structured through a socio-rhetorical approach identify rhetorical techniques that exist Judges 13:1...