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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
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RATIONALITY AND CHOICES IN ECONOMICS: BEHAVIORAL AND EVOLUTIONARY APPROACHES
GRAZIANO, Mario; SCHILIRO, Daniele - In: Theoretical and Practical Research in Economic Fields II (2011) 2, pp. 183-196
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/10009653234
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Risk aversion in medical decision making: a survey
Chicaíza, Liliana; García, Mario; Romano, Giancarlo - In: Lecturas de Economía (2011) 75, pp. 163-185
This article surveys the literature on risk aversion in medical decision making. The search covered Econlit, Jstor Science Direct and Springer Link since 1985. The results are classified in three topics: Risk aversion in the frameworks of Expected Utility and Rank Dependent Expected Utility...
Persistent link: https://www.econbiz.de/10010902342
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Risk attitudes and economic well-being in Latin America
Cardenas, Juan Camilo; Carpenter, Jeffrey - In: Journal of Development Economics 103 (2013) C, pp. 52-61
A common conjecture in both the theoretical and policy literatures on development is that people remain poor because …
Persistent link: https://www.econbiz.de/10010679307
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Risk attitudes, development, and growth: Macroeconomic evidence from experiments in 30 countries
Vieider, Ferdinand M.; Chmura, Thorsten; Martinsson, Peter - Nachwuchsgruppe "Risiko und Entwicklung", … - 2012
We measure risk attitudes in 30 different countries in a controlled, incentivized experiment (N = 3025). At the …
Persistent link: https://www.econbiz.de/10010955058
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Parametric Recoverability of Preferences
Halevy, Yoram; Persitz, Dotan; Zrill, Lanny - Vancouver School of Economics - 2012
We recover approximate parametric preferences from consistent and inconsistent consumer choices. The procedure seeks to utilize revealed preference information contained in choices by minimizing its ranking inconsistency with the proposed parametric preferences. We provide a novel...
Persistent link: https://www.econbiz.de/10010887041
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Once Upon a Time Preference - How Rationality and Risk Aversion Change the Rationale for Discounting
Traeger, Christian - CESifo - 2012
that are imposed in the evaluation of uncertain scenarios. Imposing all rationality constraints jointly eliminates pure …
Persistent link: https://www.econbiz.de/10010544183
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"Es" y "deber ser" en las teorías de la decisión acerca de la condición normativa de la teoría de la decisión racional
Giancarlo Romano G. - UN - RCE - CID - 2012
El artículo discute la exposición de Santiago y Cante (2009) de la teoría de la decisión racional (TDR) y el modelo de utilidad esperada y controvierte su afirmación de acuerdo con la cual la Prospect Theory (PT) de Kahneman y Tversky pone en riesgo el estatus normativo de la TDR. Para ello...
Persistent link: https://www.econbiz.de/10011276526
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The Troika paradox
Blavatskyy, Pavlo R. - In: Economics Letters 115 (2012) 2, pp. 236-239
In three binary choice problems, people reveal a choice pattern which falsifies expected utility theory and many generalized non-expected utility theories. This new paradox challenges popular non-expected utility models analogously to how the Allais paradox challenged neoclassical expected...
Persistent link: https://www.econbiz.de/10010572232
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Risk-Taking Behavior in the Wake of Natural Disasters
Cameron, Lisa A.; Shah, Manisha - Institute for the Study of Labor (IZA) - 2012
show that an increase in risk-aversion has important implications for economic development. …
Persistent link: https://www.econbiz.de/10011252290