INTRODUCTION........................................................................................ 484 I. THE PUZZLES OF ENTRY............................................................. 488 A. The Assumption of Entrant Rationality: Empirical Findings vs. Economic Theory ............................................ 488 1. The First Puzzle: The Prevalence of Negative Net Present Value Entry ....

What is structural rationality? Specifically, what the distinctive feature of requirements Some philosophers have argued, roughly, that coherence. But does coherence mean, exactly? Or, at least, do structuralists about rationality in mind when they claim coherence? This issue matters for making progress various active debates concerning rationality. In this paper, I analyze three strategies fig...

I describe in this paper a solution to the Sleeping Beauty problem. I begin with the consensual emerald case and I also discuss Bostrom's Incubator gedanken. I address then the Sleeping Beauty problem. I argue that the root cause of the flaw in the argument for 1/3 is an erroneous assimilation with a repeated experiment. Lastly, I present an informative variant of the original Sleeping Beauty e...

An informal argument shows that common knowledge of rationality implies the iterative elimination of strongly dominated strategies. Rationality here means that players do not play strategies that are strongly dominated relative to their knowledge. We formalize and prove this claim. When by rationality we mean that players do not play strategies that are weakly dominated relative to their knowle...

The paper develops a model of destination competitiveness that will enable comparison between countries and between tourism sector industries. The model seeks to capture the main elements of competitiveness highlighted in the general literature, while appreciating the special issues involved in exploring the notion of destination competitiveness as emphasized by tourism researchers. Associated ...

0. Is there any distinctive aspect of rationality that deserves the label of ―instrumental rationality‖? Recently, Joseph Raz (2005) has argued that instrumental rationality is a ―myth‖. In this essay, I shall give some qualified support to Raz‘s position: as I shall argue, many philosophers have indeed been seduced by certain myths about instrumental rationality. Nonetheless, Raz‘s conclusion ...

This paper investigates empirically the main determinants of firm competitiveness under conditions of economic turmoil, with the use of panel data techniques. The study is based on firm-level financial data of 693 firms from the high and medium technology manufacturing sectors in Greece, and covers the time period 1996-2011, distinguishing between the pre-crisis (1996-2007) and the post-crisis ...