 | Edward Fullbrook - 2002 - 324 Seiten
...others. A first reason brings into play the cognitive mechanisms that Andre" Orie"an's model formalises: 'Knowing that our own individual judgement is worthless,...with the behaviour of the majority or the average'. (1937). However, Keynes is sensitive to an aspect of imitation as a procedure for the discovery of... | |
 | Jocelyn Pixley - 2004 - 248 Seiten
...(3) Knowing that our own individual judgment is worthless, we endeavour to fall back on the judgment of the rest of the world which is perhaps better informed. That is, we endeavour to conform with the behavior of the majority or the average. The psychology of a society of individuals each of whom is... | |
 | John Cunningham Wood, Robert D. Wood - 2004 - 494 Seiten
...passage: Knowing that our own individual judgment is worthless, we endeavor to fall back on the judgment of the rest of the world which is perhaps better informed. That is, we endeavor to conform with the behavior of the majority or the average. The psychology of a society of... | |
 | Cynthia Ann Werner, Duran Bell - 2004 - 358 Seiten
...writes that: Knowing that our individual judgment is worthless, we endeavor to fall back on the judgment of the rest of the world which is perhaps better informed. That is, we endeavor to conform with the behavior of the majority or the average. The psychology of a society of... | |
 | Roger E. Backhouse, Bradley W. Bateman - 2006 - 291 Seiten
...114): Knowing that our own individual judgment is worthless, we endeavour to fall back on the judgment of the rest of the world which is perhaps better informed....with the behaviour of the majority or the average. The psychology of a society of individuals each of whom is endeavouring to copy the others leads to... | |
 | Thierry Debels - 2006 - 292 Seiten
...HERDING "Knowing that our own individual judgment is worthless, we endeavor to fall back on the judgment of the rest of the world which is perhaps better informed. That is, we endeavor to conform with the behavior of the majority or the average. The psychology of a society of... | |
 | Wolfgang Palaver, Petra Steinmair-Pösel - 2005 - 540 Seiten
...mechanisms: "Knowing that our own individual judgment is worthless, we endeavor to fall back on the judgment of the rest of the world which is perhaps better informed. That is, we endeavor to conform with the behavior of the majority or the average" (Keynes 1937, 214). However,... | |
 | George Lennox Sharman Shackle - 1965 - 232 Seiten
...character of existing output is based on a correct summing up of future prospects. (3) Knowing that our individual judgement is worthless, we endeavour to...with the behaviour of the majority or the average. The psychology of a society of individuals each of whom is endeavouring to copy the others leads to... | |
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Knowing that our own individual judgment is worthless, we endeavour to fall back on the judgment of the rest of the world which is perhaps better informed. That is, we endeavour to conform with the behaviour of the majority or the average. 
