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Full-Text Articles in Social and Behavioral Sciences
Need For Diversity In Elected Decision-Making Bodies: Economics-Related Analysis, Nguyen Ngoc Thach, Olga Kosheleva, Vladik Kreinovich
Need For Diversity In Elected Decision-Making Bodies: Economics-Related Analysis, Nguyen Ngoc Thach, Olga Kosheleva, Vladik Kreinovich
Departmental Technical Reports (CS)
On a qualitative level, everyone understands the need to have diversity in elected decision-making bodies, so that the viewpoint of each group be properly taken into account. However, when only the usual economic criteria are used in this election -- e.g., in the election of company's board -- the resulting bodies often under-represent some groups (e.g., women). A frequent way to remedy this situation is to artificially enforce diversity instead of strictly following purely economic criteria. In this paper, we show the current seeming contradiction between economics and diversity is caused by the imperfection of the use economic models: in …
Commonsense Explanations Of Sparsity, Zipf Law, And Nash's Bargaining Solution, Olga Kosheleva, Vladik Kreinovich, Kittawit Autchariyapanitkul
Commonsense Explanations Of Sparsity, Zipf Law, And Nash's Bargaining Solution, Olga Kosheleva, Vladik Kreinovich, Kittawit Autchariyapanitkul
Departmental Technical Reports (CS)
As econometric models become more and more accurate and more and more mathematically complex, they also become less and less intuitively clear and convincing. To make these models more convincing, it is desirable to supplement the corresponding mathematics with commonsense explanations. In this paper, we provide such explanation for three economics-related concepts: sparsity (as in LASSO), Zipf's Law, and Nash's bargaining solution.
How To Explain The Anchoring Formula In Behavioral Economics, Laxman Bokati, Vladik Kreinovich, Chon Van Le
How To Explain The Anchoring Formula In Behavioral Economics, Laxman Bokati, Vladik Kreinovich, Chon Van Le
Departmental Technical Reports (CS)
According to the traditional economics, the price that a person is willing to pay for an item should be uniquely determined by the value that this person will get from this item, it should not depend, e.g., on the asking price proposed by the seller. In reality, the price that a person is willing to pay does depend on the asking price; this is known as the anchoring effect. In this paper, we provide a natural justification for the empirical formula that describes this effect.
Quantum (And More General) Models Of Research Collaboration, Oscar Galindo, Miroslav Svitek, Vladik Kreinovich
Quantum (And More General) Models Of Research Collaboration, Oscar Galindo, Miroslav Svitek, Vladik Kreinovich
Departmental Technical Reports (CS)
In the last decades, several papers have shown that quantum techniques can be successful in describing not only events in the micro-scale physical world -- for which they were originally invented -- but also in describing social phenomena, e.g., different economic processes. In our previous paper, we provide an explanation for this somewhat surprising successes. In this paper, we extend this explanation and show that quantum (and more general) techniques can also be used to model research collaboration.