Rationality In Economics Alternative Perspectives
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Rationality In Economics Alternative Perspectives
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Author : Ken Dennis
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-12-06
Rationality In Economics Alternative Perspectives written by Ken Dennis and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-12-06 with Business & Economics categories.
Ideas linked to rational choice theory started to appear frequently in the economics literature in the 1960s and 1970s, but the attention given to rationality widened to include commentators presenting far-reaching appraisals and critiques. The literature grew to a steady flow and spanned diverse areas of thought including socialist and `rational-choice Marxist' assessments, and other approaches including institutional, sociological, psychological, ethical, choice-theoretical, strategic, and game-theoretical treatments of rationality. This diversity of literature led to the creation of this volume. What does rationality mean? Was there some common core of meaning that held all of these seemingly disparate developments together, or were there discernable schools of thought with peculiarities that set them clearly apart from one another? The essays in this volume illustrate that diversity, and despite the variety of approaches there remains a common core of meaning that accommodates not so much a radically different set of concepts of rationality as a highly variegated array of methods and approaches to this subject. Contributors address topics of their choice on the concept of rationality in economics, and the selection of these contributors is meant to represent a variety of backgrounds and approaches.
The Economics Of Rationality
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Author : Bill J Gerrard
language : en
Publisher: Routledge
Release Date : 2006-04-10
The Economics Of Rationality written by Bill J Gerrard and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006-04-10 with Business & Economics categories.
The concept of rationality is the heart of modern economics. Neo-classical theory seems unable to proceed without assuming a rational agent seeking to find the optimal means to a well defined end. Yet many find this uncritical treatment of rationality problematic. It takes little account of culture history or creativity and consequently many economists find this insistence on rationality of little use when trying to explain a wide range of economic phenomena. Increasingly these include a large number of game theorists and others involved in mainstream theory as well as those typically opposed to neo-classicism. The Economics of Rationality contains a number of critical perspectives on the treatment of rationality in economics.
Bounded Rationality And Public Policy
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Author : Alistair Munro
language : en
Publisher: Springer Science & Business Media
Release Date : 2009-06-10
Bounded Rationality And Public Policy written by Alistair Munro and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-06-10 with Business & Economics categories.
This book is about bounded rationality and public policy. It is written from the p- spective of someone trained in public economics who has encountered the enormous literature on experiments in decision-making and wonders what implications it has for the normative aspects of public policy. Though there are a few new results or models, to a large degree the book is synthetic in tone, bringing together disparate literatures and seeking some accommodation between them. It has had a long genesis. It began with a draft of a few chapters in 2000, but has expanded in scope and size as the literature on behavioural economics has grown. At some point I realised that the geometric growth of behavioural - search and the arithmetic growth of my writing were inconsistent with an am- tion to be exhaustive. As such therefore I have concentrated on particular areas of behavioural economics and bounded rationality. The resulting book is laid out as follows: Chapter 1 provides an overview of the rest of the book, goes through some basic de?nitions and identi?es themes.
Decision Making
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Author : Mary Zey
language : en
Publisher: SAGE Publications, Incorporated
Release Date : 1992-06-22
Decision Making written by Mary Zey and has been published by SAGE Publications, Incorporated this book supported file pdf, txt, epub, kindle and other format this book has been release on 1992-06-22 with Business & Economics categories.
Prevailing, highly conservative rational choice theories are challenged in this illuminating volume. Mary Zey and other outstanding contributors expand our understanding of decision making theory by presenting evidence that points to the wide range and complexity of human decision making. Labelled as deviations from formal rationality, other models of decision making (habit, emotion, moral and ethical values) are shown to be alternative, not deviant, motives behind decision making. Written at an accessible level, this volume examines criticisms of the rational choice models from a wide range of perspectives. The following chapters then concentrate on micro- and macro- alternatives to rational choice models, including a bala
Rational Choice Theory And Organizational Theory
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Author : Mary Zey
language : en
Publisher: SAGE
Release Date : 1998
Rational Choice Theory And Organizational Theory written by Mary Zey and has been published by SAGE this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998 with Business & Economics categories.
Rational Choice Theory and Organizational Theory is written in response to the neo-classical economic rational choice theories and organizational economic theories which have emerged in the past decade and gained center stage in current organizational analysis.
Alternative Perspectives Of A Good Society
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Author : J. Marangos
language : en
Publisher: Springer
Release Date : 2012-01-02
Alternative Perspectives Of A Good Society written by J. Marangos and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-01-02 with Business & Economics categories.
As a collection of alternative views on societies, methodologies, policies and assessment of the current elements of the society, Alternative Perspectives on a Good Society brings together different authors answering different questions all within the context of visions of a good society.
Morality Rationality And Efficiency
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Author : Richard M. Coughlin
language : en
Publisher: M.E. Sharpe
Release Date : 1991
Morality Rationality And Efficiency written by Richard M. Coughlin and has been published by M.E. Sharpe this book supported file pdf, txt, epub, kindle and other format this book has been release on 1991 with Business & Economics categories.
Selected papers from the Second Annual International Conference on Socio-Economics, held at George Washington U., Washington, DC, March 1990, provide a snapshot of the current state of research being pursued across a range of established academic disciplines with respect to this emerging movement, formally launched by the publication of Amitai Etzioni's book The moral dimension in 1988. Paper edition (unseen), $17.95. Annotation copyrighted by Book News, Inc., Portland, OR
Debating Rationality
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Author : Jennifer J. Halpern
language : en
Publisher: Cornell University Press
Release Date : 2018-10-18
Debating Rationality written by Jennifer J. Halpern and has been published by Cornell University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-10-18 with Business & Economics categories.
Decision makers strive to be rational. Traditionally, rational decisions maximize an appropriate return. The contributors to this book challenge the common assumption that good decisions must be rational in this economic sense. They emphasize that the decision-making process is influenced by social, organizational, and psychological considerations as well as by economic concerns. Relationships, time pressure, external demands for specific types of performance, contractual expectations, human biases, and reactions to unfair treatment alter the decision-making context and the resulting decision outcomes.
Psychology Rationality And Economic Behaviour
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Author : B. Agarwal
language : en
Publisher: Springer
Release Date : 2005-08-03
Psychology Rationality And Economic Behaviour written by B. Agarwal and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005-08-03 with Business & Economics categories.
Economics has paid little attention to the psychology of economic behaviour, leading to somewhat simplistic assumptions about human nature. The psychological aspects have typically been reduced to standard utility theory, based on a narrow conception of rationality and self-interest maximization. The contributions in this volume, some focused on analytical models and methodology, others on laboratory and field experiments, challenge these assumptions, and provide novel and complex understandings of human motivation and economic decision-making. With a pioneering introduction by the book's two editors, this volume brings together exciting contributions to a field that is rapidly growing in influence and reach.
Expectations Rationality And Economic Performance
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Author : Tobias F. Rötheli
language : en
Publisher: Edward Elgar Publishing
Release Date : 2007
Expectations Rationality And Economic Performance written by Tobias F. Rötheli and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007 with Business & Economics categories.
'To a significant extent, the book is at the cutting edge of much economic thinking in microeconomics. . . it brings together nicely material on uncertainty, expectations and cognitive limitations and relates this to recent work in experimental economics.' - Geoffrey M. Hodgson, University of Hertfordshire, UK 'For more than 200 years, economists have debated the microfoundations of their science. There is only one way forward and that is to carefully examine the nature and the rationality of decision processes. Professor Rötheli's book is unique. He offers an idiosyncratic blend of theoretical analysis and experimental research that enlightens and provokes.' - Werner F.M. De Bondt, DePaul University, US This book offers a broad perspective on the economics of expectations. Experimental studies are used to analyse how human bounded rationality affects economic performance. The challenges posed for policy making are also addressed. Tobias Rötheli begins by presenting the basic tools and theoretical models necessary to our understanding of rational and boundedly rational expectations and their role in economic life. Key topics discussed include expectations in general equilibrium theory, probabilities and expected utility, heterogeneity of economic agents, behavioural alternatives to forecasting and the effects of expectations heuristics, particularly in financial markets. The author then goes on to explore the fascinating insights behavioural economics - the empirical analysis of economic decision making - has to offer. Here experimental studies illustrate the effects of costly information, the role of pattern recognition as basis of expectations, anticipation and coordination failures, and the role of expectations in determining the general price level. The book also addresses the implications of the experimental findings for applied economics. Aiming to achieve the accessibility of a textbook, this research monograph will appeal to economic researchers interested in economic behaviour and theory, as well as students taking upper-level undergraduate and graduate courses. It will also be of interest to economists working in business and government.