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- W5300287 abstract "The theory of expectations developed in Chapter 6 integrates many elements. It relies heavily on Schutz and Hayek. To integrate those elements coherently, it is convenient to abandon the “neoclassical” model of rational maximizing in favor of a rule-following model. In the rule-following framework I will propose, however, neoclassical models reappear as important special cases. The version of rule-following I will propose was originally proposed by Koppl and Langlois (1994). Any social action is a skilled performance subject to the publicly known rules of some language game. (Compare Koppl and Langlois, 1994, pp. 81–82.) A “language game” is “a set of rules about how to talk, think, and act in different situations” (Koppl and Langlois, 1994, p. 82).KeywordsMental ModelHourly WageLanguage GameExplanatory FrameworkPiece RateThese keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves." @default.
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- W5300287 date "2002-01-01" @default.
- W5300287 modified "2023-09-27" @default.
- W5300287 title "Language Games and Economic Theory" @default.
- W5300287 doi "https://doi.org/10.1057/9780230629240_5" @default.
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