Results 271 to 280 of about 575,030 (313)

Economic Behavior and the Issue of Rationality

2017
The use of theoretical constructs is a peculiar feature of science. Modern socio-humanitarian knowledge is peculiar for search for anthropological and gnoseological foundations of corresponding theories. In particular, fundamental precondition of the latter of the model Homo Sociologicus, and in economic theory—Homo Economicus.
Alexandr A. Shestakov, Eduard G. Noskov, Vladimir A. Tikhonov, Nonna S. Astafeva   +3 more
openaire   +1 more source

Economic Defenses for Rational Behavior in Economics

2009
The various historical and disciplinary analyses of rational behavior in this book lead inextricably to an overarching conclusion: Perfect rational behavior, the type widely presumed in neoclassical economics – a decision making process in which people flawlessly (with impeccable consistency and transitivity) make choices among known alternatives with ...
openaire   +1 more source

Rationality – What?

SSRN Electronic Journal, 2017
Both behavioral and neoclassical economists maintain a concept of strict rationality that is exceptionally narrow. Neoclassicists use it as a tool both to explain what agents actually do and as a prescriptive framework. Behavioralists do not believe it adequately explains actual behavior but that it is still a good prescriptive framework.
openaire   +1 more source

Simonian Bounded Rationality and Complex Behavioral Economics

2016
This chapter will consider the importance of Herbert A. Simon as both the discoverer of the idea of bounded rationality and its role in modern behavioral economics and as one of the early developers of complexity theory, especially its hierarchical and computational forms.
J. Barkley Rosser, Marina V. Rosser
openaire   +1 more source

RATIONAL ECONOMIC BEHAVIOR – INTERDISCIPLINARY APPROACH [PDF]

, 2015
Behavioral economics and economic sociology arise and develop on the point where economics and psychology, as well as economics and sociology, overlap. Behavioral economics studies economic factors and psychological appearance that have a direct impact on economic behavior.
openaire  

Rational actors or rational fools: implications of the affect heuristic for behavioral economics

The Journal of Socio-Economics, 2002
Abstract This paper describes two fundamental modes of thinking. The experiential mode, is intuitive, automatic, natural, and based upon images to which positive and negative affective feelings have been attached through learning and experience. The other mode is analytic, deliberative, and reason based.
Paul Slovic, Melissa Finucane, Ellen Peters, Donald G MacGregor   +3 more
openaire   +1 more source

Behavioral economics has two ‘souls’: Do they both depart from economic rationality?

The Journal of Socio-Economics, 2010
Abstract In this paper, I argue that behavioral economics, far from being a monolithic theory, consists of two different ‘souls’ and that a fundamental asymmetry exists between them, with regard to the nature of the departures from the economics’ ‘canonical model’ they focus on.
openaire   +2 more sources

Bounded Rationality, Behavioral Economics, and the Law

2017
Behavioural economics has become a leading force in applied economics, including in economic analysis of law. At the heart of behavioural economics is the concept of bounded rationality. Bounded rationality suggests that humans face important limitations in knowledge and decision-making capability.
openaire   +1 more source

Behavioral Rationality and Heterogeneous Expectations in Complex Economic Systems

2013
Recognising that the economy is a complex system with boundedly rational interacting agents, the book presents a theory of behavioral rationality and heterogeneous expectations in complex economic systems and confronts the nonlinear dynamic models with empirical stylized facts and laboratory experiments.
openaire   +2 more sources

Rational behavior and economic behavior.

Psychological Review, 1953
openaire   +2 more sources