The Role of Memory in Long-Term Contracting with Moral Hazard: Empirical Evidence in Automobile Insurance

Author(s):  
Georges Dionne ◽  
Mathieu Maurice ◽  
Jean Pinquet ◽  
Charles Vanasse
2017 ◽  
Vol 3 (s1) ◽  
Author(s):  
Thomas Hoffmann

AbstractLanguage is a symbolic system, whose basic units are arbitrary and conventionalized pairings of form and meaning. In fact, in light of substantive empirical evidence, Construction Grammar approaches advocate the view that not only words but all levels of grammatical description – from morphemes, words, and idioms to abstract phrasal patterns as well as larger discourse patterns – comprise form-meaning pairings, which are collectively referred to as constructions. In this paper, I will discuss the status of multimodal usage-events (multimodal constructs) for the potential entrenchment of multimodal constructions and their implications for human cognition in general. As I will argue, constructionist approaches need to pay more attention to the role of the working memory in assembling and interpreting constructions. Drawing on verbal as well as gesture constructions, I will show that it is essential to distinguish entrenched constructions that are stored in the long-term memory from form-meaning pairings that are assembled in the working memory (online constructions). Once this distinction is made, the precise role of multimodal constructs and the nature of multimodal constructions can finally be disentangled.


Author(s):  
Anthony J. Evans

This chapter looks at the role of ignorance rather than incentive explanations (such as moral hazard) to explain the financial crisis in the United Kingdom. It uses empirical evidence to suggest that economic explanations should allow scope for the possibility of clusters of errors and explores the institutional factors that can create them. Specific attention is given to the concepts of regime uncertainty and big players, and how they accelerated the crisis. The epistemic function of prices is also discussed, as is the importance of calculation and recalculation during periods of financial turmoil. The chapter attempts to demonstrate that contemporary Austrian economics can provide important contributions to our understanding of business cycles—both in theory and in practice.


2020 ◽  
Vol 10 (2) ◽  
pp. 24-42
Author(s):  
Jorge H. Mejía-Morelos ◽  
Luis F. Cisneros-Martinez ◽  
Christian Keen ◽  
Valeriano Sanchez-Famoso

A better understanding of the relational antecedents of innovation in family firms is central to explaining their long-term success and survival. Our study proposes an original model that shows that the internal social capital of non-family members does not always foster innovation directly as existing theory suggests, but through their organizational commitment. These results differ across the different dimensions of organizational commitment. Therefore, our study challenges existing thinking on commitment studies by offering theoretical grounding and empirical evidence that neglected dimensions of commitment have a crucial intermediate role in the relationship between internal social capital and innovation in family firms.


2013 ◽  
Author(s):  
Francesca Menegazzo ◽  
Melissa Rosa Rizzotto ◽  
Martina Bua ◽  
Luisa Pinello ◽  
Elisabetta Tono ◽  
...  

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