This book challenges the generally accepted theories of classical economics, explaining why the expected utility theory …

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 …

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 …

theory of ecological rationality. The main casualty of this rebuilding process is optimality. Once we view optimality as a …If we reassess the rationality question under the assumption that the uncertainty of the natural world is largely … formal implication of quantified uncertainty rather than an ecologically meaningful objective, the rationality question …

theory of ecological rationality. The main casualty of this rebuilding process is optimality. Once we view optimality as a …If we reassess the rationality question under the assumption that the uncertainty of the natural world is largely … formal implication of quantified uncertainty rather than an ecologically meaningful objective, the rationality question …