The rational foundations of economic behaviour
1.5 hrs read
Rate this book:
About This Book
This volume comprises fourteen papers presented to a conference of the IEA held at the International Centre for Economic Research in Turin.
Four areas are identified in which theoretical and empirical developments are discussed for the fuller understanding of personal (as opposed to collective) behaviour with economic objectives: rational choice and associated problems of logic; rationality as explained by game theory; experiments to elucidate rational behaviour; and alternative treatments of rationality in decision-making theory. Most of the leading contributors to the contemporary formulation of the constituents of economic rationality were brought together - from Britain, France, Israel, Italy, Sweden and the United States - and considerable controversy was aroused, expressed in comments and rejoinders. The preface by Nobel Laureate Kenneth J.
Arrow traces the evolution of concepts of economic rationality from the start of this century.
Four areas are identified in which theoretical and empirical developments are discussed for the fuller understanding of personal (as opposed to collective) behaviour with economic objectives: rational choice and associated problems of logic; rationality as explained by game theory; experiments to elucidate rational behaviour; and alternative treatments of rationality in decision-making theory. Most of the leading contributors to the contemporary formulation of the constituents of economic rationality were brought together - from Britain, France, Israel, Italy, Sweden and the United States - and considerable controversy was aroused, expressed in comments and rejoinders. The preface by Nobel Laureate Kenneth J.
Arrow traces the evolution of concepts of economic rationality from the start of this century.
Buy This Book
As an Amazon Associate and Bookshop.org affiliate, BookOrb earns from qualifying purchases.
Write a Review
Sign in to write a review.
More by Kenneth Joseph Arrow
Agency and the market
Agency and the market
An alternative proof of Samuel
An alternative proof of Samuelson's theorem on Leontief models
Applied research for social policy
Behavior under uncertainty and
Behavior under uncertainty and its implications for policy
Choix collectif et préférences
Choix collectif et préférences individuelles
Collected papers of Kenneth J. Arrow