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This paper focuses on the opposition between two contemporary research programs in economics: behavioral economics (BE) and experimental market economics (EME). Our claim is that the arguments of this opposition can be clarified through the lens of another opposition in the philosophy of...
Persistent link: https://www.econbiz.de/10010803596
This paper suggests that Amartya Sen's conception of rationality could benefit from insights borrowed to John Searle's philosophy of mind. More precisely, I argue that the work of Searle on intentionality provides a relevant conceptual apparatus to strengthen Sen's conceptualization of...
Persistent link: https://www.econbiz.de/10010721566
This paper discusses the ways by which a certain type of behavioral deviation from expected utility theory has been handled by psychologists and economists. With respect to the historical background of decision theory in economics, it is argued that there are good reasons for more theoretical...
Persistent link: https://www.econbiz.de/10010860430
This paper investigates how foundational and conceptual issues around economic rationality, which are usually discussed with respect to economic theory, materialize into recent applied microeconomics. We concentrate on three radically different subfield of microeconomics – the economics of...
Persistent link: https://www.econbiz.de/10010860437