We generalize the linear rational expectations solution method of Whiteman (1983) to the multivariate case. This facilitates the use of a generic exogenous driving process that must only satisfy covariance stationarity. Multivariate cross-equation restrictions linking the Wold representation of the exogenous process to the endogenous variables of the rational expectations model are obtained. We...

The base line model in scholarly research on decision-making has usually been a rational model where the inherent ideology is value maximization through efficiency and effectiveness. However, other decision models have been needed to explain those organizational choices that do not satisfy the conditions of rationality. In this paper automatic decision making, or automaticity, is argued to be o...

Software Cost Reduction (SCR) is a set of techniques for designing software systems developed by David Parnas and researchers from the U.S. Naval Research Laboratory (NRL) beginning in the late 1970s. A major goal of the original SCR research team was to evaluate the utility and scalability of software engineering principles by applying the principles to the reconstruction of software for a pra...

This paper studies the short run correlation of inflation and money growth. We study whether a model of learning can do better than a model of rational expectations, we focus our study on countries of high inflation. We take the money process as an exogenous variable, estimated from the data through a switching regime process. We find that the rational expectations model and the model of learni...

One approach to understanding “reasons”—including both reasons for action and reasons for belief—postulates a fundamental connection between reasons and reasoning. According to this approach, there is a reason for you to φ—where φ-ing could be either an action (such as writing a letter) or an attitude (such as believing that it is snowing)—if and only if there is a possible process of sound or ...

The aim of the present study is to analyze empirical researches on the social resources dimension of occupational status attainment process and relate them to the rational choice approach. The analysis suggests that the existing data on the strength of ties aspect of social resources is insufficient and does not allow any implication concerning rational actor’s behavior. However, the results co...

A class of stochastic processes, denoted as marked rational arrival processes (MRAPs), is defined which is an extension of matrix exponential distributions and rational arrival processes. Continuous time Markov processes with labeled transitions are a subclass of this more general model class. New equivalence relations between processes are defined and it is shown that these equivalence relatio...