neoclassical assumption of selfish utility maximization with bounded rationality and satisficing and by incorporating the reaction …

neoclassical assumption of selfish utility maximization with bounded rationality and satisficing and by incorporating the reaction …

The concept of adaptive rationality as a characteristic of economic behavior viewed in the framework of evolution of … institutions is proposed in the paper. The analysis of the most important approaches to rationality in the economic theory has … allowed identifying the special nature of adaptive rationality and its manifestations at various levels of the economic …

, while they are in line with recent models that focus on anger as the result of the frustration of expectations. …

, while they are in line with recent models that focus on anger as the result of the frustration of expectations. …

heuristics and their tensions with modern rationality standards. In an evolutionary perspective, that focus needs to be extended …

neoclassical assumption of selfish utility maximization with bounded rationality and satisficing and by incorporating the reaction …

Herbert Simon are well established, thanks to the popularity of bounded rationality and satisficing, and his being award Noble … rationality assumption, etc.), public finance and economic policy, and his introduction of the survey method. To demonstrate these …