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Different Beliefs (different + belief)

Distribution by Scientific Domains
Business, Economics, Finance and Accounting60%

Selected Abstracts

Decision Makers as Statisticians: Diversity, Ambiguity, and Learning

ECONOMETRICA, Issue 5 2009
Nabil I. Al-Najjar
I study individuals who use frequentist models to draw uniform inferences from independent and identically distributed data. The main contribution of this paper is to show that distinct models may be consistent with empirical evidence, even in the limit when data increases without bound. Decision makers may then hold different beliefs and interpret their environment differently even though they know each other's model and base their inferences on the same evidence. The behavior modeled here is that of rational individuals confronting an environment in which learning is hard, rather than individuals beset by cognitive limitations or behavioral biases. [source]

Bargaining without a Common Prior,An Immediate Agreement Theorem

ECONOMETRICA, Issue 3 2003
Muhamet Yildiz
In sequential bargaining models without outside options, each player's bargaining power is ultimately determined by which player will make an offer and when. This paper analyzes a sequential bargaining model in which players may hold different beliefs about which player will make an offer and when. Excessive optimism about making offers in the future can cause delays in agreement. The main result states that, despite this, if players will remain sufficiently optimistic for a sufficiently long future, then in equilibrium they will agree immediately. This result is also extended to other canonical models of optimism. [source]

The challenge of spiritual care in a multi-faith society experienced as a Christian nurse

JOURNAL OF CLINICAL NURSING, Issue 2 2004
ILTHE, Tonks N. Fawcett BSc
Background., Understanding the spiritual dimension of holistic nursing care is arguably regaining its centrality in the assessment of patient well being in whatever area of care. However it is argued that we are still far from having a universal agreement as to what is meant by the concept of spirituality. Aims and objectives., This paper aims to explore some of the definitions and models of spirituality and determine what is meant by spiritual needs. Taking the perspective of a Christian nurse, the potential tension between the nature of spiritual care and evidence-based professionalism is explored. Conclusion., The exploration reveals the challenges faced by a nurse who wishes to administer this spiritual care and holds a personal commitment to the Christian faith. Relevance to clinical practice., Acknowledging and debating the challenge of spiritual care is arguably the first step towards meeting optimally this need in our patients. The dilemma that may need to be further explored within the context of nursing care is how a nurse, holding and operating within one particular belief (e.g. Christianity) can offer the ideal of spiritual care to patients who hold other, quite different beliefs. [source]

Can work alter welfare recipients' beliefs?

JOURNAL OF POLICY ANALYSIS AND MANAGEMENT, Issue 3 2005
Peter Gottschalk
A common argument in support of work-based welfare reform is that exposure to work will lead welfare recipients to revise their beliefs about how they will be treated in the labor market. This paper explores the analytical and empirical basis for this argument. The difficulty in testing the assumption that work leads to a change in beliefs is that there is an inherent simultaneity between work and beliefs. Welfare recipients who work may have different beliefs because they learn about the world of work once they enter the labor market. Alternatively, welfare recipients who have a more positive view of work are the ones who are more likely to work. We use a unique data set that helps solve this simultaneity problem. We find that exogenous increases in work induced by an experimental tax credit led to the predicted change in beliefs among younger workers. © 2005 by the Association for Public Policy Analysis and Management [source]

When consensus choice dominates individualism: Jensen's inequality and collective decisions under uncertainty

QUANTITATIVE ECONOMICS, Issue 1 2010
Charles F. Manski
D7; D81; H42 Research on collective provision of private goods has focused on distributional considerations. This paper studies a class of problems of decision under uncertainty in which an efficiency argument for collective choice emerges from the mathematics of aggregating individual payoffs. Consider decision making when each member of a population has the same objective function, which depends on an unknown state of nature. If agents knew the state of nature, they would make the same decision. However, they may have different beliefs or may use different decision criteria to cope with their incomplete knowledge. Hence, they may choose different actions even though they share the same objective. Let the set of feasible actions be convex and the objective function be concave in actions, for all states of nature. Then Jensen's inequality implies that consensus choice of the mean privately chosen action yields a larger mean payoff than does individualistic decision making, in all states of nature. If payoffs are transferable, the mean payoff from consensus choice may be allocated to Pareto dominate individualistic decision making. I develop these ideas. I also use Jensen's inequality to show that a planner with the power to assign actions to the members of the population should not diversify. Finally, I give a version of the collective-choice result that holds with consensus choice of the median rather than mean action. [source]