Both strands are founded on the essential economic role of financial intermediation, which is to augment efficiency in allocation by reducing the cost of conveying mobilized deposits from depositors to borrowers.
Therefore, in terms of future studies, this study may be replicated with clinical samples, verifying, for example, the role of personality intermediation regarding groups with different levels of self-efficacy and the success rate of interventions in order to minimize indecision.
This paper investigates the issue of intermediation and the role of intermediaries in the innovation process.
In the past, the role of PES was confined to job intermediation and unemployment insurance.
On this basis, we argue that the wisdom of the intermediary involves mastering the different roles (first-order wisdom) and deciding between them in each individual situation of intermediation (second-order wisdom).
According to the interview with JW, the centre should assume a pivotal role of linking science to the market, which was neglected due to the lack of intermediation actors within the region.
But we can only fully grasp what it takes to be a wise intermediary in the world when we acknowledge that the intermediary has to master different roles (first-order wisdom) and to decide between them in each individual situation of intermediation (second-order wisdom).
This enables us to have a two-level concept of wisdom that acknowledges that the intermediary has to master different roles wisely (first-order wisdom) and to decide wisely between them in each individual situation of intermediation (second-order wisdom).
On this basis, we argue that the wisdom of the intermediary involves mastering different roles, functions, and ways-of-being (first-order wisdom), and deciding between them in each individual situation of intermediation (second-order wisdom).
