Matches in SemOpenAlex for { <https://semopenalex.org/work/W1484028483> ?p ?o ?g. }
Showing items 1 to 66 of
66
with 100 items per page.
- W1484028483 abstract "The paper provides an brief overview of the “state of the art” in the theory of rational decision making since the 1950’s, and focuses specially on the evolutionary justification of rationality. It is claimed that this justification, and more generally the economic methodology inherited from the Chicago school, becomes untenable once taking into account Kauffman’s Nk model, showing that if evolution it is based on trial-and-error search process, it leads generally to sub- optimal stable solutions: the ‘as if’ justification of perfect rationality proves therefore to be a fallacious metaphor. The normative interpretation of decision-making theory is therefore questioned, and the two challenging views against this approach , Simon’s bounded rationality and Allais’ criticism to expected utility theory are discussed. On this ground it is shown that the cognitive characteristics of choice processes are becoming more and more important for explanation of economic behavior and of deviations from rationality. In particular, according to Kahneman’s Nobel Lecture, it is suggested that the distinction between two types of cognitive processes – the effortful process of deliberate reasoning on the one hand, and the automatic process of unconscious intuition on the other – can provide a different map with which to explain a broad class of deviations from pure ‘olympian’ rationality. This view requires re-establishing and revising connections between psychology and economics: an on-going challenge against the normative approach to economic methodology." @default.
- W1484028483 created "2016-06-24" @default.
- W1484028483 creator A5087235658 @default.
- W1484028483 date "2005-07-08" @default.
- W1484028483 modified "2023-10-02" @default.
- W1484028483 title "From Bounded Rationality to Behavioral Economics" @default.
- W1484028483 hasPublicationYear "2005" @default.
- W1484028483 type Work @default.
- W1484028483 sameAs 1484028483 @default.
- W1484028483 citedByCount "2" @default.
- W1484028483 countsByYear W14840284832014 @default.
- W1484028483 crossrefType "posted-content" @default.
- W1484028483 hasAuthorship W1484028483A5087235658 @default.
- W1484028483 hasConcept C109574028 @default.
- W1484028483 hasConcept C111472728 @default.
- W1484028483 hasConcept C115786838 @default.
- W1484028483 hasConcept C118084267 @default.
- W1484028483 hasConcept C138885662 @default.
- W1484028483 hasConcept C144237770 @default.
- W1484028483 hasConcept C162324750 @default.
- W1484028483 hasConcept C173871420 @default.
- W1484028483 hasConcept C175444787 @default.
- W1484028483 hasConcept C201717286 @default.
- W1484028483 hasConcept C28901747 @default.
- W1484028483 hasConcept C44725695 @default.
- W1484028483 hasConcept C58694771 @default.
- W1484028483 hasConceptScore W1484028483C109574028 @default.
- W1484028483 hasConceptScore W1484028483C111472728 @default.
- W1484028483 hasConceptScore W1484028483C115786838 @default.
- W1484028483 hasConceptScore W1484028483C118084267 @default.
- W1484028483 hasConceptScore W1484028483C138885662 @default.
- W1484028483 hasConceptScore W1484028483C144237770 @default.
- W1484028483 hasConceptScore W1484028483C162324750 @default.
- W1484028483 hasConceptScore W1484028483C173871420 @default.
- W1484028483 hasConceptScore W1484028483C175444787 @default.
- W1484028483 hasConceptScore W1484028483C201717286 @default.
- W1484028483 hasConceptScore W1484028483C28901747 @default.
- W1484028483 hasConceptScore W1484028483C44725695 @default.
- W1484028483 hasConceptScore W1484028483C58694771 @default.
- W1484028483 hasLocation W14840284831 @default.
- W1484028483 hasOpenAccess W1484028483 @default.
- W1484028483 hasPrimaryLocation W14840284831 @default.
- W1484028483 hasRelatedWork W1147538556 @default.
- W1484028483 hasRelatedWork W1875498233 @default.
- W1484028483 hasRelatedWork W1975289771 @default.
- W1484028483 hasRelatedWork W1999216816 @default.
- W1484028483 hasRelatedWork W2030377852 @default.
- W1484028483 hasRelatedWork W209406286 @default.
- W1484028483 hasRelatedWork W2320409660 @default.
- W1484028483 hasRelatedWork W275156941 @default.
- W1484028483 hasRelatedWork W2775080588 @default.
- W1484028483 hasRelatedWork W2800338003 @default.
- W1484028483 hasRelatedWork W2808224989 @default.
- W1484028483 hasRelatedWork W2959239433 @default.
- W1484028483 hasRelatedWork W3083610813 @default.
- W1484028483 hasRelatedWork W3096089552 @default.
- W1484028483 hasRelatedWork W3121816311 @default.
- W1484028483 hasRelatedWork W3122897633 @default.
- W1484028483 hasRelatedWork W3123461998 @default.
- W1484028483 hasRelatedWork W3123494788 @default.
- W1484028483 hasRelatedWork W3146230629 @default.
- W1484028483 hasRelatedWork W3148419764 @default.
- W1484028483 isParatext "false" @default.
- W1484028483 isRetracted "false" @default.
- W1484028483 magId "1484028483" @default.
- W1484028483 workType "article" @default.