Humanomics: Volume 15 Issue 4

CAUSES OF THE ALLAIS CHOICE (a1, b2)

H.Y. Lin, C.L. Sheng

Paradox has been an instrument to challenge the traditional expected utility theory. Paradox arises from the inconsistency between the empirical or experimental results and the…

IS THERE A PRINCIPAL‐AGENT RELATIONSHIP BETWEEN FUTURE EMPLOYERS AND CONGRESSMEN? AN EXAMINATION OF THE HOUSE VOTE ON FLAG BURNING

Joseph P. McGarrity, James A. Bell, James E. Barr

To date, Congressional ideology has been considered to be the portion of a roll call vote that could not be explained by self‐interested behavior. This paper suggests that the…

A PROBIT ANALYSIS OF THE SENATE VOTE ON WIRTH/WILSON

Sammy High

Environmental legislation has received extensive empirical scrutiny; however, to my knowledge, no one has analyzed the congressional vote on the 1990 Clean Air Act (Wirth‐Wilson…

THE RESTORATION OF THE AMERICAN DREAM: A CASE FOR ABOLISHING WELFARE

Nicole La Bletta, Walter Block

For all too long the government of the United States has been dreaming a very long and costly dream. In this dream, the government is the ultimate hero, battling poverty. But like…

POSTPONING ARMAGEDDON: WHY POPULATION GROWTH ISN'T OUT OF CONTROL

Daniel Caffey, Walter Block

This paper argues that the belief that the rapid growth of the human population will inevitably lead to a major ecological disaster is neither intuitively nor empirically tenable…

THE ROLE OF THE JORDAN GOVERNMENT IN ENVIRONMENTAL PROTECTION

Refat Alfaouri

The problems of the environment have become global concern nowadays for the whole human community. Thus, ecological awareness has arisen worldwide; a need for environmental…

MODELLING ALTRUISTIC BEHAVIOUR: A CASE OF FAILURE IN COORDINATION

Ahmed Jamal Anwar

This paper seeks first to build up a game‐theoretic model of the interactions of two agents ‐ a husband and a wife ‐ in a short story about sincere selection of a strategy of…

ATTITUDES OF SAUDI WOMEN TOWARDS PARTICIPATING IN THE LABOUR FORCE

Hekmat M. Al‐Orabi

This paper investigates the socioeconomic factors which influence Saudi women's decisions to participate in the labour market. A sample of 1225 Saudi women was studied using the…

NAKED EXCLUSION

Walter Block

Rasmusen, Ramseyer and Wiley (1991) (hereafter RRW) seek to show that exclusionary agreements can be both “profitable and pernicious (1137).” A contract to exclude provides that…

THE FUTURE OF MASS PRODUCTION IN CAPITALISM: THE TRANSFORMATION OF DEMAND AND SUPPLY ‐ A BRIEF NOTE

Takatsugu Nato

A socio‐economic paradigm can take birth not by a single imagination, but by realistic thinking of a new galaxy of efforts or insight into the great critical mass of new signs. In…