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Libertarian Paternalism : Making Rational Fools
Hands, D. Wade - 2020
Glen Whitman's book Escaping Paternalism: Rationality, Behavioral Economics and Public Policy (2020). Although the paper …
Persistent link: https://www.econbiz.de/10012825182
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Homo Economicus and Homo Stramineus
Hudik, Marek - 2015
The model of Homo economicus has often been criticized as unrealistic. In particular, it has been found lacking for allegedly assuming that people are selfish, an assumption which is contradicted by both introspection and empirical evidence. The aim of this paper is to show that never in the...
Persistent link: https://www.econbiz.de/10013036487
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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
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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/10010390395
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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
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The dynamics of inattention in the (baseball) field
Archsmith, James; Heyes, Anthony; Neidell, Matthew; … - 2021
Recent theoretical and empirical work characterizes attention as a limited resource that decision-makers strategically allocate. There has been less research on the dynamic interdependence of attention: how paying attention now may affect performance later. In this paper, we exploit...
Persistent link: https://www.econbiz.de/10012549756
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From Wald to Savage : Homo Economicus Becomes a Bayesian Statistician
Giocoli, Nicola - 2012
Bayesian rationality is the paradigm of rational behavior in neoclassical economics. A rational agent in an economic …. The paper raises the question of how, when and why this characterization of rationality came to be endorsed by mainstream … subjective expected utility theory in his 1954 classic The Foundations of Statistics. It is the latter's acknowledged fiasco to …
Persistent link: https://www.econbiz.de/10013113861
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Implementation Rationality : The Nexus of Psychology and Economics at the RAND Logistics Systems Laboratory, 1956-1966
Klein, Judy - 2015
the interests of society. This dilemma was one of a few stimuli generating a new focal point for rationality, that of … implementation rationality through simulation in the form of the Regulatory Consistency Assessment Programme (RCAP). The examination … modeling choices that bind the rationality of the individual units would be best iterated through a process that takes into …
Persistent link: https://www.econbiz.de/10013015484
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Back to Buchanan? : explorations of welfare and subjectivism in behavioral economics
Dold, Malte - 2017
preferences from revealed choices based on a normative understanding of neoclassical rationality. Using Buchanan's notion of … meaning of welfare emerges from an ongoing quest for individual self-constitution. If this holds true, then rationality axioms …
Persistent link: https://www.econbiz.de/10011666354
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Preference Purification and the Inner Rational Agent : A Critique of the Conventional Wisdom of Behavioural Welfare Economics
Infante, Gerardo - 2016
normative economics. A common response to these problems is to treat deviations from conventional rational-choice theory as …
Persistent link: https://www.econbiz.de/10012999309