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Are the Japanese unique? : evidence from household saving and bequest behavior

Horioka, Charles - 2016

In this paper, we attempt to shed light on whether Japanese households are rational or if their behavior is influenced by culture and social norms by examining their saving and bequest behavior. To summarize our main findings, we find that Japan's household saving rate showed great volatility,...

Persistent link: https://www.econbiz.de/10011478422

Popper's "rationality principle" reconsidered

Palacio Vera, Alfonso; Ayala, Iván H. - 2016

Popper recognizes that there are, at least, two versions of his "Rationality Principle" (RP) yet he does not explain …

Persistent link: https://www.econbiz.de/10011609744

Institutions are neither autistic maximizers nor flocks of birds : self-organization, power, and learning in human organizations

Dosi, Giovanni; Marengo, Luigi; Nuvolari, Alessandro - 2016

the very idea of "rationality" are derived entities. Which of the primitive tale is chosen bears far-reaching consequences … away from rationality-cum-equilibrium interpretations and of focusing on the varying balances between self …

Persistent link: https://www.econbiz.de/10011554090

Evolutionary economics and household behavior

Horioka, Charles - 2014

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/10010390070