This paper provides an introduction to the field of evolutionary economics with emphasis on the evolutionary theory of … evolutionary theory of household behavior is to improve upon the neoclassical theory of household behavior by replacing the … neoclassical assumption of selfish utility maximization with bounded rationality and satisficing and by incorporating the reaction …

excluded from mainstream economic theory. In contrast, we report that evolutionary economists have acknowledged the importance … economic analysis be fully embedded in complex economic system theory and that associated understandings as to how humans react …

, financing and production decisions have to be made, we demonstrate how bounded rationality can be quantified and separated into … made by the participants of the game have been strongly influenced by bounded rationality. They also show that both … incomplete information and limited cognitive abilities are relevant components of the bounded rationality that has been displayed …

This paper attempts to take steps towards the formulation of a more human approach to the theory of the firm than the … conventional economics-based models. Unbounded rationality, self-interest and the absence of learning are shown to be crucial … assumptions of conventional economic theory. Then, the essential assumptions of an alternative approach are put forward and …

The weak rationality principle is not an empirical statement but a heuristic rule for how to proceed in social sciences …-foundation and, therefore, to employ the rationality assumption in economic models. Then, we discuss whether the anomalies of … individual behaviour as highlighted in modern behavioural economics impair the applicability of the weak rationality principle …

einer Mikrofundierung fuer die makrooekonomische Theorie eingegangen. Danach wird aufgezeigt, welche Rolle dieses Prinzip … Probleme des freien Willens sowie der Willensschwaeche im Rahmen des oekonomischen Verhaltensmodells. (The weak rationality … rationality assumption in economic models. Then, we discuss whether the anomalies of individual behaviour as highlighted in modern …

Kacelnik, Schuck-Paim and Pompilio (this volume, p. 377) show that rationality axioms from economics are neither … claim that economic rationality implies biological adaptiveness is Kacelnik et al’s example of female ruffs that are worse … economic rationality. Together, the two examples demonstrate that axiomatic norms are both unnecessary and insufficient for …

The weak rationality principle is not an empirical statement but a heuristic rule how to proceed in social sciences. It …, therefore, employ the rationality assumption in economic models. Then, with reference to the ?bounded rationality’ approach, the … rationality assumption. We conclude with some remarks of handling the problems of ?free will’ as well as ?weakness of the will …

The weak rationality principle is not an empirical statement but a heuristic rule of how to proceed in social sciences …-foundation and, therefore, employ the rationality assumption in economic models. Then, with reference to the ‘bounded rationality … a part of the rationality assumption. We conclude with some remarks on handling the problems of ‘free will’ as well as …