profound knowledge why and to what extent economic agents behave in a bounded rational way. We propose that business management … existing anecdotic evidence of “behavioural anomaliesâ€. Modifying an existing business management game, in which investment …, financing and production decisions have to be made, we demonstrate how bounded rationality can be quantified and separated into …

rationality behaviour by people. Quite recent developments in the Economics of Knowledge, i.e. the so-called learning models, have …

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 …

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 …

underlying Slutsky matrix norm (SMN) and some popular discrete revealed preference (RP) measures of departures from rationality …, such as the Afriat index. We show that testing rationality in the SMN aproach with finite data is equivalent to testing it … under the RP approach. We propose a way to “summarize” the departures from rationality in a systematic fashion in finite …

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 …

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 …

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 …

This paper empirically investigates the rationality assumption commonly applied in economic modeling by exploiting a …. Given a rationality assumption of individuals computing optimally, there should be no difference in the strategies used …

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 …