Invention is an investment in which the costs of the Research and Development (R&D) project balance future returns. Those returns depend on objective factors like wage and capital costs but also on subjective factors because they are future projections. The more optimistic the inventor, the higher are the projected returns. Baumard uses Life History Theory (LHT) to relate optimism to the affluence of inventors and their societies.
Download full-text PDF |
Source |
|---|---|
| http://dx.doi.org/10.1017/S0140525X19000189 | DOI Listing |
Publication Analysis
Top Keywords
psychology economics
4
economics investment
4
investment costs
4
costs development
4
development r&d
4
r&d project
4
project balance
4
balance future
4
future returns
4
returns returns
4
Similar Publications
Want AI Summaries of new PubMed Abstracts delivered to your In-box?
Enter search terms and have AI summaries delivered each week - change queries or unsubscribe any time!