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Between mathematical formalism, normative choice rules, and the behavioral sciences : the emergence of rational choice theories in the late 1940s and early 1950s
Herfeld, Catherine - 2017
This paper discusses why mathematical economists of the early Cold War period favored formal-axiomatic over behavioral choice theories. One reason was that formal-axiomatic theories allowed mathematical economists to improve the conceptual and theoretical foundations of economics and thereby to...
Persistent link: https://www.econbiz.de/10011759791
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From theories of human behavior to rules of rational choice : tracing a normative turn at the cowles commission, 1943-1954
Herfeld, Catherine - 2017
now meant to represent the basic demands of rationality, while theories of rational decision-making specified rules of …
Persistent link: https://www.econbiz.de/10011759965
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Individual Psychology, Rational Choice, and Demand : Some Remarks on Three Recent Studies
Hands, D. Wade - 2007
Recent histories of 20th century economics have emphasized the transformation of demand theory that occurred during the …
Persistent link: https://www.econbiz.de/10014049363
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Between Mathematical Formalism, Normative Choice Rules, and the Behavioral Sciences : The Emergence of Rational Choice Theories in the Late 1940s and Early 1950s
Herfeld, Catherine Sophia - 2017
This paper discusses why mathematical economists of the early Cold War period favored formal-axiomatic over behavioral choice theories. One reason was that formal-axiomatic theories allowed mathematical economists to improve the conceptual and theoretical foundations of economics and thereby to...
Persistent link: https://www.econbiz.de/10012953685
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Anchoring in economics : on Frey and Gallus on the aggregation of behavioural anomalies
Earl, Peter E. - 2014
choice theory as the reference point for judging the quality of real-world decisions. It argues that choice is an activity …
Persistent link: https://www.econbiz.de/10010407517
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Anchoring in economics : on Frey and Gallus on the aggregation of behavioural anomalies
Earl, Peter E. - 2015
choice theory as the reference point for judging the quality of real-world decisions. It argues that choice is an activity …
Persistent link: https://www.econbiz.de/10011296321
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Homo oeconomicus and behavioral economics
Brzezicka, Justyna; Wisniewski, Radosław - In: Contemporary economics 8 (2014) 4, pp. 353-364
Recent years have witnessed a growing interest in behavioral trends in both economic theory and practical applications …
Persistent link: https://www.econbiz.de/10010520903
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Beyond quantified ignorance : rebuilding rationality without the bias bias
Brighton, Henry - 2019
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 …
Persistent link: https://www.econbiz.de/10011990913
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Homo Oeconomicus and Behavioral Economics
Brzezicka, Justyna - 2015
Recent years have witnessed a growing interest in behavioral trends in both economic theory and practical applications …
Persistent link: https://www.econbiz.de/10013030597
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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