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RATIONAL ROOTS OF "IRRATIONAL" BEHAVIOR: NEW THEORIES OF ECONOMIC DECISION-MAKING [PDF]

The neoclassical paradigm has proven to be a rich approach for evaluating a variety of issues for individual and social decision-making. However, an increasing body of literature suggests that actual behavior systematically violates the neoclassical ...
Opaluch, James J., Segerson, Kathleen
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Rational Choice, Behavioral Economics, and the Law

Stanford Law Review, 1998
Jolls, Sunstein, and Thaler wish to use the insights of behavioral economics to improve economic analysis of law, which they believe to be handicapped by its commitment to the assumption that people are rational.1 The editors of the Review have asked me to comment on JST's paper, no doubt because of my identification with rational-choice economics ...
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Structures of rational behavior in economics

, 2019
Describing individual behavior, we will be concerned with an axiom system, which can be interpreted by Shephard's distance function. Based on this function, one can discover the individual's preference relation, from which the individual's demand function can be derived.
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Bounded Rationality [PDF]

The observation of the actual behavior by economic decision makers in the lab and in the field justifies that bounded rationality has been a generally accepted assumption in many socio-economic models.
Coralio Ballester, Penelope Hernandez
core  

The dilemmas and countermeasures of postgraduate management from the perspective of oriental management

Frontiers in Psychology
Postgraduate education provides technological and talent support for the growth of China’s high-quality economic. Scientific and rational management is an important way to ensure the quality of postgraduate education.
Jun Hu
doaj   +1 more source

Explaining Public Goods Game Contributions with Rational Ability

Games, 2018
As the link between psychology and economics has grown, so too has research on the link between personality traits and economic behavior. We build on this previous work, bringing to light the relationship between personality traits and contributions in a
Hannes Lang, Gregory DeAngelo, Michelle Bongard   +2 more
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An Agent-Based Model of Mortality Shocks, Intergenerational Effects, and Urban Crime [PDF]

Rational criminals choose crime over lawfulness because it pays better; hence poverty correlates to criminal behavior. This correlation is an insufficient historical explanation.
Michael Makowsky
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State intervention, local indebtedness, investment overheating and their systemic background during global crisis in China [PDF]

, 2013
This paper focuses on the immediate economic and systemic reasons of steadily increasing local government indebtedness and investment overheating in China.
Csanádi, Mária
core  

Afriat’s Theorem for General Budget Sets [PDF]

Afriat (1967) showed the equivalence of the strong axiom of revealed preference and the existence of a solution to a set of linear inequalities. From this solution he constructed a utility function rationalizing the choices of a competitive consumer.
Enrico Minelli, Francoise Forges
core  

The Striatum’s Role in Executing Rational and Irrational Economic Behaviors

The Neuroscientist, 2019
The striatum is a critical component of the brain that controls motor, reward, and executive function. This ancient and phylogenetically conserved structure forms a central hub where rapid instinctive, reflexive movements and behaviors in response to sensory stimulation or the retrieval of emotional memory intersect with slower planned motor movements
Ian J. Bamford, Nigel S. Bamford
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