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What Can Economists Learn from Happiness Research?

by Bruno S. Frey, Alois Stutzer - FORTHCOMING IN JOURNAL OF ECONOMIC LITERATURE , 2002
"... Happiness is generally considered to be an ultimate goal in life; virtually everybody wants to be happy. The United States Declaration of Independence of 1776 takes it as a self-evident truth that the “pursuit of happiness” is an “unalienable right”, comparable to life and liberty. It follows that e ..."
Abstract - Cited by 517 (24 self) - Add to MetaCart
Happiness is generally considered to be an ultimate goal in life; virtually everybody wants to be happy. The United States Declaration of Independence of 1776 takes it as a self-evident truth that the “pursuit of happiness” is an “unalienable right”, comparable to life and liberty. It follows that economics is – or should be – about individual happiness. In particular, the question is how do economic growth, unemployment and inflation, as well as institutional factors such as good governance, affect individual well-being? In addition to this intrinsic interest, there are three major reasons for economists to consider happiness. The first is economic policy. At the micro-level, it is often impossible to make a Pareto-optimal proposal, because a social action entails costs for some individuals. Hence an evaluation of the net effects, in terms of individual utilities, is needed. On an aggregate level, economic policy must deal with trade-offs, especially those between unemployment and

The modern industrial revolution, exit, and the failure of internal control systems

by Michael C. Jensen - JOURNAL OF FINANCE , 1993
"... Since 1973 technological, political, regulatory, and economic forces have been changing the worldwide economy in a fashion comparable to the changes experienced during the nineteenth century Industrial Revolution. As in the nineteenth century, we are experiencing declining costs, increaing average ( ..."
Abstract - Cited by 932 (7 self) - Add to MetaCart
Since 1973 technological, political, regulatory, and economic forces have been changing the worldwide economy in a fashion comparable to the changes experienced during the nineteenth century Industrial Revolution. As in the nineteenth century, we are experiencing declining costs, increaing average (but decreasing marginal) productivity of labor, reduced growth rates of labor income, excess capacity, and the requirement for downsizing and exit. The last two decades indicate corporate internal control systems have failed to deal effectively with these changes, especially slow growth and the requirement for exit. The next several decades pose a major challenge for Western firms and political systems as these forces continue to work their way through the worldwide economy.

Software agents: An overview

by Hyacinth S. Nwana - Knowledge Engineering Review , 1996
"... Agent software is a rapidly developing area of research. However, the overuse of the word ‘agent ’ has tended to mask the fact that, in reality, there is a truly heterogeneous body of research being carried out under this banner. This overview paper presents a typology of agents. Next, it places age ..."
Abstract - Cited by 404 (5 self) - Add to MetaCart
Agent software is a rapidly developing area of research. However, the overuse of the word ‘agent ’ has tended to mask the fact that, in reality, there is a truly heterogeneous body of research being carried out under this banner. This overview paper presents a typology of agents. Next, it places agents in context, defines them and then goes on, inter alia, to overview critically the rationales, hypotheses, goals, challenges and state-of-the-art demonstrators of the various agent types in our typology. Hence, it attempts to make explicit much of what is usually implicit in the agents literature. It also proceeds to overview some other general issues which pertain to all the types of agents in the typology. This paper largely reviews software agents, and it also contains some strong opinions that are not necessarily widely accepted by the agent community. 1 1

When choice is demotivating: can one desire too much of a good thing

by Sheena S. Iyengar - Journal of Personality and Social Psychology , 2000
"... Current psychological theory and research affirm the positive affective and motivational consequences of having personal choice. These findings have led to the popular notion that the more choice, the better--that the human ability omanage, and the human desire for, choice isunlimited. Findings from ..."
Abstract - Cited by 396 (11 self) - Add to MetaCart
, choice is infinite. From classic economic theo-ries of free enterprise, to mundane marketing practices that provide customers with entire aisles devoted to potato chips or soft drinks, to important life decisions in which people contemplate alternative career options or multiple investment opportunities

A break in the clouds: Towards a cloud definition

by Luis M. Vaquero, Luis Rodero-merino, Juan Caceres, Maik Lindner, Telefonica Investigacion Y Desarrollo - ACM SIGCOMM Computer Communication Review , 2009
"... This article is an editorial note submitted to CCR. It has NOT been peer reviewed. The author takes full responsibility for this article’s technical content. Comments can be posted through CCR Online. This paper discusses the concept of Cloud Computing to achieve a complete definition of what a Clou ..."
Abstract - Cited by 380 (4 self) - Add to MetaCart
This article is an editorial note submitted to CCR. It has NOT been peer reviewed. The author takes full responsibility for this article’s technical content. Comments can be posted through CCR Online. This paper discusses the concept of Cloud Computing to achieve a complete definition of what a

DBpedia -- A Crystallization Point for the Web of Data

by Christian Bizer , Jens Lehmann , Georgi Kobilarov , Sören Auer , Christian Becker , Richard Cyganiak , Sebastian Hellmann , 2009
"... The DBpedia project is a community effort to extract structured information from Wikipedia and to make this information accessible on the Web. The resulting DBpedia knowledge base currently describes over 2.6 million entities. For each of these entities, DBpedia defines a globally unique identifier ..."
Abstract - Cited by 363 (36 self) - Add to MetaCart
of information and covers domains such as geographic information, people, companies, films, music, genes, drugs, books, and scientific publications. This article describes the extraction of the DBpedia knowledge base, the current status of interlinking DBpedia with other data sources on the Web, and gives

The Hero with a Thousand Faces

by Joseph Campbell , 1972
"... Botiingen Foundation, andpttt.!.,.: b % / ,.,;:,c,m B<,.ik.*, second ..."
Abstract - Cited by 353 (0 self) - Add to MetaCart
Botiingen Foundation, andpttt.!.,.: b % / ,.,;:,c,m B<,.ik.*, second

Citizens as sensors: the world of volunteered geography

by Michael F. Goodchild - GeoJournal
"... In recent months there has been an explosion of interest in using the Web to create, assemble, and disseminate geographic information provided voluntarily by individuals. Sites such as Wikimapia and OpenStreetMap are empowering citizens to create a global patchwork of geographic information, while G ..."
Abstract - Cited by 330 (8 self) - Add to MetaCart
Google Earth and other virtual globes are encouraging volunteers to develop interesting applications using their own data. I review this phenomenon, and examine associated issues: what drives people to do this, how accurate are the results, will they threaten individual privacy, and how can they augment

Benchmarking cloud serving systems with ycsb

by Brian F. Cooper, Adam Silberstein, Erwin Tam, Raghu Ramakrishnan, Russell Sears - SoCC
"... While the use of MapReduce systems (such as Hadoop) for large scale data analysis has been widely recognized and studied, we have recently seen an explosion in the number of systems developed for cloud data serving. These newer systems address “cloud OLTP ” applications, though they typically do not ..."
Abstract - Cited by 306 (0 self) - Add to MetaCart
While the use of MapReduce systems (such as Hadoop) for large scale data analysis has been widely recognized and studied, we have recently seen an explosion in the number of systems developed for cloud data serving. These newer systems address “cloud OLTP ” applications, though they typically do

Confirmation Bias: A Ubiquitous Phenomenon in Many Guises

by Raymond S. Nickerson - Review of General Psychology , 1998
"... Confirmation bias, as the term is typically used in the psychological literature, connotes the seeking or interpreting of evidence in ways that are partial to existing beliefs, expectations, or a hypothesis in hand. The author reviews evidence of such a bias in a variety of guises and gives examples ..."
Abstract - Cited by 289 (0 self) - Add to MetaCart
examples of its operation in several practical contexts. Possible explanations are considered, and the question of its utility or disutility is discussed. When men wish to construct or support a theory, how they torture facts into their service! (Mackay, 1852/ 1932, p. 552) Confirmation bias is perhaps
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