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The current discussion on theoretical and methodological pluralism is plagued with confusions and misunderstandings. Some problems arise because an appropriate framework for conducting a fruitful discussion about these issues is still lacking. Many other problems derive from the fact that a...
Persistent link: https://www.econbiz.de/10010885994
methodology of health care evaluation. Weaknesses within the theoretical basis of standard health economist's evaluations, well …
Persistent link: https://www.econbiz.de/10008457258
This paper shows that the means-end rationality principle, as an ‘ultimate given’ of economics, delimits the faculty of …
Persistent link: https://www.econbiz.de/10011111113
This paper discusses various meanings of rationality distinguished by Schumpeter – as well as related concepts like … the notions of ‘rationality of the observer’ and ‘rationality in the observed’, developed in his article on 'The Meaning … of Rationality in the Social Sciences'. Schumpeter’s thesis of the obsolescence of the entrepreneurial function is also …
Persistent link: https://www.econbiz.de/10011084781
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 …
Persistent link: https://www.econbiz.de/10010860430
This paper tests whether changes in “incidental emotions” lead to changes in economic choices. Incidental emotions are experienced at the time of an economic decision but are not part of the payoff from a particular choice. As such, the standard economic model predicts that incidental...
Persistent link: https://www.econbiz.de/10011210544
This paper tests whether changes in “incidental emotions” lead to changes in economic choices. Incidental emotions are experienced at the time of an economic decision but are not part of the payoff from a particular choice. As such, the standard economic model predicts that incidental...
Persistent link: https://www.econbiz.de/10011213706
on bounded rationality; neoinstitutionalism and ethical economics preserve the concept of rationality in the theory … terms of hierarchical analysis. Behavioral economics denies the idea of economic agents rationality; evolutionism is based … developing criteria for rationality of higher orders (metarationality). Evolutionism rejects neoclassical economics and suggests …
Persistent link: https://www.econbiz.de/10011270686
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 …
Persistent link: https://www.econbiz.de/10011261245
This paper tests whether changes in 'incidental emotions' lead to changes in economic choices. Incidental emotions are experienced at the time of an economic decision but are not part of the payoff from a particular choice. As such, the standard economic model predicts that incidental emotions...
Persistent link: https://www.econbiz.de/10011266609