Studies In Economic Rationality
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| Author | : Charalambos D. Aliprantis |
| Publisher | : Springer Science & Business Media |
| Total Pages | : 254 |
| Release | : 2006-04-20 |
| Genre | : Business & Economics |
| ISBN | : 354029578X |
This book contains a collection of original and state-of-the-art contributions in rational choice and general equilibrium theory. Among the topics are preferences, demand, equilibrium, core allocations, and testable restrictions. The contributing authors are Daniel McFadden, Rosa Matzkin, Emma Moreno-Garcia, Roger Lagunoff, Yakar Kannai, Myrna Wooders, James Moore, Ted Bergstrom, Luca Anderlini, Lin Zhou, Mark Bagnoli, Alexander Kovalenkov, Carlos Herves-Beloso, Michaela Topuzu, Bernard Cornet, Andreu Mas-Colell and Nicholas Yannelis.
| Author | : Michel Zouboulakis |
| Publisher | : Routledge |
| Total Pages | : 188 |
| Release | : 2014-01-21 |
| Genre | : Business & Economics |
| ISBN | : 1317817494 |
The concept of economic rationality is important for the historical evolution of Economics as a scientific discipline. The common idea about this concept -even between economists- is that it has a unique meaning which is universally accepted. This new volume argues that "economic rationality" is not not a universal concept with one single meaning, and that it in fact has different, if not conflicting, interpretations in the evolution of discourse on economics. In order to achieve this, the book traces the historical evolution of the concept of economic rationality from Adam Smith to the present, taking in thinkers from Mill to Friedman, and encompassing approaches from neoclassical to behavioural economics. The book charts this history in order to reveal important instances of conceptual transformation of the meaning of economic rationality. In doing so, it presents a uniquely detailed study of the historical change of the many faces of the homo oeconomicus .
| Author | : Klaus Weiermair |
| Publisher | : University of Michigan Press |
| Total Pages | : 418 |
| Release | : 1990 |
| Genre | : Business & Economics |
| ISBN | : 9780472101542 |
Explores the X-efficiency paradigm in relation to the theory of the firm
| Author | : Walter Bossert |
| Publisher | : Harvard University Press |
| Total Pages | : 231 |
| Release | : 2010-10-15 |
| Genre | : Business & Economics |
| ISBN | : 0674052994 |
In Consistency, Choice, and Rationality, economic theorists Walter Bossert and Kotaro Suzumura present a thorough mathematical treatment of Suzumura consistency, an alternative to established coherence properties such as transitivity, quasi-transitivity, or acyclicity. Applications in individual and social choice theory, fields important not only to economics but also to philosophy and political science, are discussed. Specifically, the authors explore topics such as rational choice and revealed preference theory, and collective decision making in an atemporal framework as well as in an intergenerational setting.
| Author | : Vernon L. Smith |
| Publisher | : |
| Total Pages | : 364 |
| Release | : 2008 |
| Genre | : Constructivism (Philosophy) |
| ISBN | : 9781107386440 |
The principal findings of experimental economics are that impersonal exchange in markets converges in repeated interaction to the equilibrium states implied by economic theory, under information conditions far weaker than specified in the theory. In personal, social, and economic exchange, as studied in two-person games, cooperation exceeds the prediction of traditional game theory. This book relates these two findings to field studies and applications and integrates them with the main themes of the Scottish Enlightenment and with the thoughts of F.A. Hayek.
| Author | : Frederic S. Mishkin |
| Publisher | : University of Chicago Press |
| Total Pages | : 184 |
| Release | : 2007-11-01 |
| Genre | : Business & Economics |
| ISBN | : 0226531929 |
A Rational Expectations Approach to Macroeconometrics pursues a rational expectations approach to the estimation of a class of models widely discussed in the macroeconomics and finance literature: those which emphasize the effects from unanticipated, rather than anticipated, movements in variables. In this volume, Fredrick S. Mishkin first theoretically develops and discusses a unified econometric treatment of these models and then shows how to estimate them with an annotated computer program.
| Author | : World Bank |
| Publisher | : World Bank Publications |
| Total Pages | : 414 |
| Release | : 2010-02-25 |
| Genre | : Education |
| ISBN | : 0821381997 |
'The Education System in Malawi', an Education Country Status Report (CSR), is a detailed analysis of the current status of the education sector in Malawi, the results of which have been validated by the government of Malawi. Its main purpose is to enable decision makers to orient national policy on the basis of a factual diagnosis of the overall education sector and to provide relevant analytical information for the dialogue between the government and development partners. The analysis incorporates data and information from multiple sources, such as school administrative surveys by the Ministry of Education, household surveys, and a tracer survey created especially for this study. This CSR, developed by a multi-ministerial national team supported by UNESCO P le de Dakar, the World Bank, and GTZ specialists, updates the previous one drawn up in 2003 and consists of eight chapters, including a chapter on higher education. The analysis provides key monitoring and evaluation inputs for the overall education sector, particularly under the framework of the implementation of the National Education Sector Plan.
| Author | : Graham Mallard |
| Publisher | : |
| Total Pages | : 112 |
| Release | : 2020 |
| Genre | : Decision making |
| ISBN | : 9781788212595 |
This short book introduces the field of bounded rationality to a beginning readership in economics. It is intended to be a tour of the key concepts involved in the modelling of bounded rationality, the approaches that have been adopted and some of the most revealing, and at times surprising, findings that have been generated. The book explores how bounded rationality has been used in economic models to shed light on real life behaviour and how doing so has led to specific policy implications that would otherwise have gone unappreciated. The exposition is intended to be non-technical and free from any mathematical expressions and workings and the focus throughout is primarily on the behaviour of individuals or organisations within given situations rather than on macroeconomic concerns. How the field has evolved since the 1950s and the strengths and weaknesses of its current research programme, including its relationship with behavioural economics, are assessed.
| Author | : Adam Przeworski |
| Publisher | : Cambridge University Press |
| Total Pages | : 230 |
| Release | : 1991-07-26 |
| Genre | : Business & Economics |
| ISBN | : 9780521423359 |
The quest for freedom from hunger and repression has triggered in recent years a dramatic, worldwide reform of political and economic systems. Never have so many people enjoyed, or at least experimented with democratic institutions. However, many strategies for economic development in Eastern Europe and Latin America have failed with the result that entire economic systems on both continents are being transformed. This major book analyzes recent transitions to democracy and market-oriented economic reforms in Eastern Europe and Latin America. Drawing in a quite distinctive way on models derived from political philosophy, economics, and game theory, Professor Przeworski also considers specific data on individual countries. Among the questions raised by the book are: What should we expect from these experiments in democracy and market economy? What new economic systems will emerge? Will these transitions result in new democracies or old dictatorships?
| Author | : Cars Hommes |
| Publisher | : Cambridge University Press |
| Total Pages | : 273 |
| Release | : 2013-01-24 |
| Genre | : Business & Economics |
| ISBN | : 110701929X |
Recognising that the economy is a complex system with boundedly rational interacting agents, applies complexity modelling to economics and finance.
