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Thesis

Enforced maximisation

Subtitle:
competition, evolution and selection
Abstract:

The theory of 'enforced maximisation' claims that whatever decision procedures individuals and firms adopt, maximisation of utility for individuals and profits for firms will be selected for by the forces of competition. Competition thus enforces maximisation. Evolutionary arguments are typically employed to support these claims, either individually or jointly.

A behavioural economic theory may have three basic components: a theory of preferences, of beliefs, and of the behaviour of ...

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Institution:
University of Oxford
Department:
Faculty of Social Studies
Publication date:
1984
Type of award:
DPhil
Level of award:
Doctoral
Awarding institution:
University of Oxford
Barcode:
602332198
URN:
uuid:e935607b-6bc9-4349-9bd7-44251fb4dcb7
Local pid:
td:602332198
Language:
English
Subjects:

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