«Richard Thaler has pioneered the analysis of ways in which human decisions systematically deviate
from traditional economic models,» says cognitive scientist Peter Gӓrdenfors of Lund University, Sweden, a member of the Economic Sciences Prize Committee.
Not exact matches
Discussing the complacency and complicity of
traditional economic models, as taught in universities and adopted by central banks, Michael and Steve take us on a journey
from a solar system to a galaxy of thought, taking in the history of economics to solutions for the ongoing global depression.
And so, paying up is often required — well, at least
from a
traditional value perspective — which, almost inevitably needs to be justified via comprehensive study of the company & its management, its capital allocation, its products & business
model, its industry dynamics, and (most of all) whether it enjoys a significant, sustainable & (ideally) an expanding competitive advantage (i.e. an
economic moat).
In such on old,
traditional and densely populated market, one would expect to run into an established
model, proven
from both technical and
economic point of view, that enables publishers to go digital.
Advice to brokers: «Our
economic model is entirely different
from the
traditional brokerage in that salespeople receive a bonus per transaction and the entire commission becomes company dollar,» says Dadurka.