An under-appreciated aspect of F.A. Hayek's mature views about rationality is the inter-relation of the “pure logic of … rationality and replaced it with a completely rule-oriented conception of decisionmaking. In fact, however, the analysis in Hayek ….Furthermore, this framework also shows that his fundamental conception of individual rationality is pragmatic, contextual, modifiable …

historical perspective and link our findings to a suggestion as to how decision theory could make use of it today. We emphasize …, with how it generally came to function within decision theory from the late 1970s onwards: that is, as an empirical … much with the rationality of choices as with the rationality of the agent as a person. These two claims are buttressed by a …

This paper translates F.A. Hayek's informal capital theory into a dynamic equilibrium model. The focus is restricted to …, being restated in "The Pure Theory of Capital", first published in 1941. The underlying premise is that Hayek adopts infant … of his capital theory by established neoclassical tools is admissible. The major result is that Hayek's capital theory …

De tous les problèmes conçus par la théorie de la décision, le paradoxe d'Allais est peut-être celui qui aura suscité l … rationalité, et il invite finalement la théorie de la décision à diversifier ses méthodes en s'inspirant de ces tentatives … originales. <p> Few problems in decision theory have raised more persisting interest than the Allais paradox. It appears that …

Our forthcoming book, Welfare Theory, Public Action and Ethical Values challenges the belief that, until modern welfare …

erachtet worden ist. Im Verlust der Bildhaftigkeit wurden viele Räume, die die ökonomische Theorie beschreibt, grundlegend …