• Plott and Zeiler's (2007) experimental design (PZ) suffers from a major conflation. • PZ exting... more • Plott and Zeiler's (2007) experimental design (PZ) suffers from a major conflation. • PZ extinguishes exchange asymmetry by focusing on whether items are gifts. • But PZ overlooks whether items are presented sequentially or simultaneously. • Once the conflation is removed, exchange asymmetry is robust.
There has been no systematic study in the literature of how self-deception differs from other kin... more There has been no systematic study in the literature of how self-deception differs from other kinds of self-distortion. For example, the term ‘cognitive dissonance’ has been used in some cases as a rag-bag term for all kinds of self-distortion. To address this, a narrow definition is given: self-deception involves injecting a given set of facts with an erroneous fact to make anex antesuboptimal decision seem as if it wereex anteoptimal. Given this narrow definition, this paper delineates self-deception from deception as well as from other kinds of self-distortions such as delusion, moral licensing, cognitive dissonance, manipulation, and introspective illusion.
The dominant view regards weakness of will an anomaly facing the standard theory of rationality. ... more The dominant view regards weakness of will an anomaly facing the standard theory of rationality. The paper argues the opposite: What is anomalous is that weakness of will is not pervasive enough. In a simple model, the paper shows that weakness of will is the dominant strategy in a game between current self and future self. This leads to the motivating question of the paper: Why is weakness of will is not pervasive???given that precommitment and punishment are not sufficiently pervasive to remedy the weakness of will? The paper argues that the answer lies in what Adam Smith calls the ???propriety??? mechanism: Humans demand self-respect and, hence, exercise self-command over appetites and emotions.
Journal of Economic Behavior and Organization, Aug 1, 1995
... Please update your bookmarks. The Nature of the Firm: Origins, Evolution, and Development: Ol... more ... Please update your bookmarks. The Nature of the Firm: Origins, Evolution, and Development: Oliver E. Williamson and Sidney G. Winter (eds.) New York and Oxford: Oxford University Press, 1991, 1993 (paperback). 244 pp. ISBN # 0-19-506590-5, $14.95. Elias Khalil (). ...
The Erasmus Journal for Philosophy and Economics (EJPE) is a peer-reviewed bi-annual academic jou... more The Erasmus Journal for Philosophy and Economics (EJPE) is a peer-reviewed bi-annual academic journal supported by the Erasmus Institute for Philosophy and Economics, Faculty of Philosophy, Erasmus University Rotterdam. EJPE publishes research on methodology of economics, history of economic thought, ethics and economics, and the conceptual analysis of inter-disciplinary work
Want to get experience? Want to get any ideas to create new things in your life? Read the economy... more Want to get experience? Want to get any ideas to create new things in your life? Read the economy as an evolving complex system now! By reading this book as soon as possible, you can renew the situation to get the inspirations. Yeah, this way will lead you to always think more and more. In this case, this book will be always right for you. When you can observe more about the book, you will know why you need this.
This three-volume set contains over seventy valuable references written by economists, psychologi... more This three-volume set contains over seventy valuable references written by economists, psychologists and social scientists that examine the field of new behavioural economics. The articles demonstrate how new behavioural economics and decision sciences deal with different issues with almost the same response – to include a new taste in utility function. In his original introduction Professor Khalil investigates the strengths and weaknesses of the literature and provides an essential insight into this field of study.
• Plott and Zeiler's (2007) experimental design (PZ) suffers from a major conflation. • PZ exting... more • Plott and Zeiler's (2007) experimental design (PZ) suffers from a major conflation. • PZ extinguishes exchange asymmetry by focusing on whether items are gifts. • But PZ overlooks whether items are presented sequentially or simultaneously. • Once the conflation is removed, exchange asymmetry is robust.
There has been no systematic study in the literature of how self-deception differs from other kin... more There has been no systematic study in the literature of how self-deception differs from other kinds of self-distortion. For example, the term ‘cognitive dissonance’ has been used in some cases as a rag-bag term for all kinds of self-distortion. To address this, a narrow definition is given: self-deception involves injecting a given set of facts with an erroneous fact to make anex antesuboptimal decision seem as if it wereex anteoptimal. Given this narrow definition, this paper delineates self-deception from deception as well as from other kinds of self-distortions such as delusion, moral licensing, cognitive dissonance, manipulation, and introspective illusion.
The dominant view regards weakness of will an anomaly facing the standard theory of rationality. ... more The dominant view regards weakness of will an anomaly facing the standard theory of rationality. The paper argues the opposite: What is anomalous is that weakness of will is not pervasive enough. In a simple model, the paper shows that weakness of will is the dominant strategy in a game between current self and future self. This leads to the motivating question of the paper: Why is weakness of will is not pervasive???given that precommitment and punishment are not sufficiently pervasive to remedy the weakness of will? The paper argues that the answer lies in what Adam Smith calls the ???propriety??? mechanism: Humans demand self-respect and, hence, exercise self-command over appetites and emotions.
Journal of Economic Behavior and Organization, Aug 1, 1995
... Please update your bookmarks. The Nature of the Firm: Origins, Evolution, and Development: Ol... more ... Please update your bookmarks. The Nature of the Firm: Origins, Evolution, and Development: Oliver E. Williamson and Sidney G. Winter (eds.) New York and Oxford: Oxford University Press, 1991, 1993 (paperback). 244 pp. ISBN # 0-19-506590-5, $14.95. Elias Khalil (). ...
The Erasmus Journal for Philosophy and Economics (EJPE) is a peer-reviewed bi-annual academic jou... more The Erasmus Journal for Philosophy and Economics (EJPE) is a peer-reviewed bi-annual academic journal supported by the Erasmus Institute for Philosophy and Economics, Faculty of Philosophy, Erasmus University Rotterdam. EJPE publishes research on methodology of economics, history of economic thought, ethics and economics, and the conceptual analysis of inter-disciplinary work
Want to get experience? Want to get any ideas to create new things in your life? Read the economy... more Want to get experience? Want to get any ideas to create new things in your life? Read the economy as an evolving complex system now! By reading this book as soon as possible, you can renew the situation to get the inspirations. Yeah, this way will lead you to always think more and more. In this case, this book will be always right for you. When you can observe more about the book, you will know why you need this.
This three-volume set contains over seventy valuable references written by economists, psychologi... more This three-volume set contains over seventy valuable references written by economists, psychologists and social scientists that examine the field of new behavioural economics. The articles demonstrate how new behavioural economics and decision sciences deal with different issues with almost the same response – to include a new taste in utility function. In his original introduction Professor Khalil investigates the strengths and weaknesses of the literature and provides an essential insight into this field of study.
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Papers by Elias Khalil