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Mathematics as the role model for neoclassical economics (Blanqui Lecture)

Giocoli, Nicola - Volkswirtschaftliche Fakultät, … - 2005

Born out of the conscious effort to imitate mechanical physics, neoclassical economics ended up in the mid 20th century embracing a purely mathematical notion of rigor as embodied by the axiomatic method. This lecture tries to explain how this could happen, or, why and when the economists’...

Persistent link: https://www.econbiz.de/10009323927

Rationality and choices in economics: behavioral and evolutionary approaches

Graziano, Mario; Schilirò, Daniele - Volkswirtschaftliche Fakultät, … - 2012

The paper critically discusses the issue of rationality and choices in economics in both the behavioural and … the analysis of economic choices, showing the limits of rationality. On the other hand, the work offers a reinterpretation … single and undifferentiated thought, locked into the idea of perfect rationality, but, on the opposite, is a discipline that …

Persistent link: https://www.econbiz.de/10009418485

Inconsistency Pays?: Time-inconsistent subjects and EU violators earn more

Berg, Nathan; Eckel, Catherine; Johnson, Cathleen - Volkswirtschaftliche Fakultät, … - 2010

Experimental choice data from 881 subjects based on 40 time-tradeoff items and 32 risky choice items reveal that most subjects are time-inconsistent and most violate the axioms of expected utility theory. These inconsistencies cannot be explained by well-known theories of behavioral...

Persistent link: https://www.econbiz.de/10008693573

Od człowieka racjonalnego do emocjonalnego. Zmiana paradygmatu nauk ekonomicznych

Wach, Krzysztof - Volkswirtschaftliche Fakultät, … - 2010

The paper discusses the concept of an economic man in economics and management. The concept of “homo oeconomicus” assumes the full rational behaviour of a deciding man and was applied in classical and neoclassical theories. Based on resent findings of the neuronal, cognitive and behavioural...

Persistent link: https://www.econbiz.de/10009147885

Soft Paternalism and Nudging - Critique of the Behavioral Foundations

Pasche, Markus - Volkswirtschaftliche Fakultät, … - 2014

This brief note rises doubts on the argument that nudging will help people to behave more rational in terms of their own preferences. This justification of soft paternalism overlooks some methodological problems of expected utility theory which are one of the roots of behavioral economics.

Persistent link: https://www.econbiz.de/10011109175

Economic Philosophy of Al-Mawardi : Economic Behavior in Adab Al-Dunya Wa-Al-Din and Al-Ahkam Al-Sulthaniyah

Jaelani, Aan - 2016

Economic behavior in the study of Islamic economics is the basis for the government to portray political ethics and ethical economic functions of individuals in functioning as a member of society. Secular ethics and religious ethics, according to al-Mawardi, as the code of conduct in conducting...

Persistent link: https://www.econbiz.de/10012987120

“No One Saw This Coming”: Understanding Financial Crisis Through Accounting Models

Bezemer, Dirk J - Volkswirtschaftliche Fakultät, … - 2009

This paper presents evidence that accounting (or flow-of-fund) macroeconomic models helped anticipate the credit crisis and economic recession. Equilibrium models ubiquitous in mainstream policy and research did not. This study identifies core differences, traces their intellectual pedigrees,...

Persistent link: https://www.econbiz.de/10011267876

The Problem of Methodological Pluralism in Ecological Economics

Lo, Alex - Volkswirtschaftliche Fakultät, … - 2014

Methodological pluralism advocates balanced consideration of multiple research methods. The concept rests upon the necessity of choice in the absence of conclusive principles to guide the preference of method. Ecological economics, however, appears to be engaging in a different conception...

Persistent link: https://www.econbiz.de/10011259846

Nobel İktisat Ödülleri Üzerine Bir Yorum

Soyak, Alkan - Volkswirtschaftliche Fakultät, … - 2003

Since the neoclassical economics dominants in the literature, its scientific power can be possible sanctify by Nobel prizes. So it’s a normal process that the Nobel prizes reflect the new trends in economics. When the causal relationship between powerfull of orthodoxy and nobel prizes in...

Persistent link: https://www.econbiz.de/10005260114

From Wald to Savage: homo economicus becomes a Bayesian statistician

Giocoli, Nicola - Volkswirtschaftliche Fakultät, … - 2011

Bayesian rationality is the paradigm of rational behavior in neoclassical economics. A rational agent in an economic …. The paper raises the question of how, when and why this characterization of rationality came to be endorsed by mainstream …

Persistent link: https://www.econbiz.de/10009325574

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