Rational Roots of “Irrational” Behavior: New Theories of Economic Decision-Making
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Invited Presentation Rational Roots of “Irrational” Behavior: Discussion
The field of cognitive psychology studies how people make decisions and how these decisions are reflected in behavior. In contrast, neo-classical economics has pursued the economic conditions which are sufficient for decentralized resource allocation to achieve a Pareto optimal outcome. In pursuit of these conditions, neoclassical economists have identified those characteristics of economic beh...
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ژورنال
عنوان ژورنال: Northeastern Journal of Agricultural and Resource Economics
سال: 1989
ISSN: 0899-367X
DOI: 10.1017/s0899367x00001926