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Rationality, the premise of economics, is an ideal behavioral norm. In the real world, however, intertemporal decision-making is based on adaptive behavioral principles from companies to individual households. It bases on managerial accounting procedures
2017). Theories, which are domain-specific and more narrowly focussed, are also called middle-range theories (MRTs) (Merton 1968). MRTs “are built upon years of empirical research on particular problems within a field of study, and they allow scholars in a maturing discipline to synthesise ...
Sharpe* at Stanford, Robert C Merton* of MIT and Harvard, Merton Miller* and Eugene Fama* of the University of Chicago, Kenneth French of Dartmouth College, as well as others. (* designates the Nobel Prize in Economics) As you might expect, the concept of “Best Evidence” is not one ...