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Rationality, irrationality and economic cognition [PDF]

open access: yesSSRN Electronic Journal, 2004
This paper contrasts the modern use of the assumption that rationality as reflected in simple models of utility and profit maximization guides individual economic behaviour to literature both between 1890 and 1930 which sharply challenged the use of such
Whalley, John
core   +6 more sources

The institutional context of rationality [PDF]

open access: yesAnnales Etyka w Życiu Gospodarczym, 2017
In the last three decades, mainstream economics has been influenced by authors associated with new institutional economics and new behavioral economics.
Janina Godłów-Legiędź
doaj   +3 more sources

"But can't we get the same thing with a standard model?" Rationalizing bounded-rationality models [PDF]

open access: yesJournal of Economic Literature, 2010
This paper discusses a common criticism of economic models that depart from the standard rational-choice paradigm - namely, that the phenomena addressed by such models can be “rationalized” by some standard model.
Spiegler, R.
core   +4 more sources

Non parva ab eo accepta pecunia: Papal Succession, Simony, and Economic Rationality (1044-1046) [PDF]

open access: yesVaria História, 2023
This article delves into the pontifical succession that took place amid the events occurring between 1044 and 1046 in the city of Rome, with a particular focus on the transfer of power from Benedict IX to Gregory VI. This episode has been regarded as one
Leandro DUARTE RUST
doaj   +1 more source

Economic Rationality and Socio-Technological Fantasy

open access: yesLagoonscapes, 2023
The contradictions in the development of the late Soviet oil industrial complex can be described as a gap between the energy concentrated in this natural resource and the entropy it generated in the context of the planned socialist economy of the ...
Kalinin, Ilya
doaj   +1 more source

From survival goals to economic rationality: the determinants of farmer households' dual decision regarding land rental area

open access: yesFrontiers in Sustainable Food Systems, 2023
IntroductionLarge-scale land rentals are a fundamental way of realizing the moderate-scale operation and transformation of modern agriculture. As the suppliers and main demanders in the land rental market, the decision-making logic of farmer households ...
Hanning Li, Jingwen Feng, Wenhuan Peng
doaj   +1 more source

Brain–Behavior Associations for Risk Taking Depend on the Measures Used to Capture Individual Differences

open access: yesFrontiers in Behavioral Neuroscience, 2020
Maladaptive risk taking can have severe individual and societal consequences; thus, individual differences are prominent targets for intervention and prevention.
Loreen Tisdall   +14 more
doaj   +1 more source

Theory of Consumer Behavior in Economic Science [PDF]

open access: yesACTA VŠFS, 2020
The aims of this article is to study the evolution of the theory of consumer behavior in economic science in the context of the ratio of rational and irrational motives of behavior and the answer to the question: can the theory of ...
Svetlana SAZANOVA
doaj   +1 more source

Pure Science and Applied Science

open access: yesRambam Maimonides Medical Journal, 2011
(Excerpt) The name of my talk is Pure Science and Applied Science, and the idea I would like to sell to you today is that there is no such thing as “pure” or “applied” science.
Robert J. Aumann
doaj   +1 more source

Economic Rationalities of Loksado Indigenous in a Redenomination Perspective

open access: yesJurnal Ilmu Sosial, 2019
Dayak Meratus is one of the tribes in Indonesia consisting about 633 ethnic groups in total. The Dayak Meratus tribe represents the majority of the tribe in Indonesia which tends to be isolated, has a low formal education, and lacks of public facilities.
Bulan Prabawani   +2 more
doaj   +1 more source

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