Understanding Economic Man. Psychology, Rationality, and Values*
نویسندگان
چکیده
منابع مشابه
Economic Rationality under Uncertainty
Though uncertainty pervades all aspects of life and human action, it has a rather short history in economics. Surprisingly, Daniel Bernoulli’s (1738) notion of expected utility, which suggests that (in games of chance) monetary risky ventures ought to be evaluated by the sum of utilities of outcomes weighted by the corresponding probabilities, was not immediately used in economic theory. Indeed...
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ion versus naturalism Much of the evidence for and against SEU and other candidate models is gleaned from controlled laboratory-based experiments. But it is not at all clear that the laboratory is the best environment in which to determine people’s responses to risk. At issue are the kinds of situations used to develop and test hypotheses and, specifically, the degree of abstraction/naturalism ...
متن کاملUnderstanding the Rationality and Responsibility of Science
Against the ideal of value-free science I argue that science is not––and cannot be––value-free and that relevant values are both cognitive and moral. I develop an argument by indicating various aspects of the value-ladenness of science. The recognition of the value-ladenness of science requires rethinking our understanding of the rationality and responsibility of science. Its rationality cannot...
متن کاملPsychology: Understanding Self and Others
We often experience moods of anger and joy. We do have remarkable ability to learn and memorize poems, stories and events. We often notice powerful effect of leaders on the behaviour of followers. While interacting in groups we often experience conflict and cooperation. At times some of us suffer from depression, hyper-anxiety, etc. All of us remain curious to know about the causes of these hap...
متن کاملThe psychology and rationality of decisions from experience
Most investigations into how people make risky choices have employed a simple drosophila: monetary gambles involving stated outcomes and probabilities. People are asked to make decisions from description. When people decide whether to back up their computer hard drive, cross a busy street, or go out on a date, however, they do not enjoy the convenience of stated outcomes and probabilities. Peop...
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ژورنال
عنوان ژورنال: American Journal of Economics and Sociology
سال: 2004
ISSN: 0002-9246,1536-7150
DOI: 10.1111/j.1536-7150.2004.00333.x