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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
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
heuristics and their tensions with modern rationality standards. In an evolutionary perspective, that focus needs to be extended …
Persistent link: https://www.econbiz.de/10008758980
heuristics and their tensions with modern rationality standards. In an evolutionary perspective, that focus needs to be extended …
Persistent link: https://www.econbiz.de/10010286736
Recent years have witnessed a growing interest in behavioral trends in both economic theory and practical applications …
Persistent link: https://www.econbiz.de/10010520903
Public choice theory has originally been motivated by the need to correct the asymmetry, widespread in traditional …
Persistent link: https://www.econbiz.de/10010238281
Explaining individual behavior in politics should rely on the same motivational assumptions as explaining behavior in the market: That’s what Political Economy, understood as the application of economics to the study of political processes, is all about. In its standard variant, those who...
Persistent link: https://www.econbiz.de/10010412852
Persistent link: https://www.econbiz.de/10010528438
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/10013049009
another sense, it is concerned with bounded rationality as a means of the policy, and in still another sense, it is concerned … with bounded rationality as an obstacle to be removed by the policy, when the latter has a benevolent aim. The paper … behavioural economics, compared with that of classical rational choice theory, to account for successful interventions. After …
Persistent link: https://www.econbiz.de/10010502145