Predictably Rational?: In Search of Defenses for Rational Behavior in Economics (Google eBook)

Front Cover
Springer Science & Business Media, Oct 21, 2009 - Business & Economics - 330 pages
0 Reviews
Mainstream economists everywhere exhibit an 'irrational passion for dispassionate rationality.' Behavioral economists, and long-time critic of mainstream economics suggests that people in mainstrean economic models 'can think like Albert Einstein, store as much memory as IBM’s Big Blue, and exercise the will power of Mahatma Gandhi,' suggesting that such a view of real world modern homo sapiens is simply wrongheaded. Indeed, Thaler and other behavioral economists and psychology have documented a variety of ways in which real-world people fall far short of mainstream economists' idealized economic actor, perfectly rational homo economicus. Behavioral economist Daniel Ariely has concluded that real-world people not only exhibit an array of decision-making frailties and biases, they are 'predictably irrational,' a position now shared by so many behavioral economists, psychologists, sociologists, and evolutionary biologists that a defense of the core rationality premise of modedrn economics is demanded.
  

What people are saying - Write a review

Review: Predictably Rational?: In Search Of Defenses For Rational Behavior In Economics

User Review  - Chris Callaway - Goodreads

A response to Ariely's work, obviously. Reviews seem lukewarm. Read full review

Contents

188349_1_En_1_Chapter_OnlinePDFpdf
1
188349_1_En_2_Chapter_OnlinePDFpdf
21
188349_1_En_3_Chapter_OnlinePDFpdf
34
188349_1_En_4_Chapter_OnlinePDFpdf
63
188349_1_En_5_Chapter_OnlinePDFpdf
92
188349_1_En_6_Chapter_OnlinePDFpdf
113
188349_1_En_7_Chapter_OnlinePDFpdf
141
188349_1_En_8_Chapter_OnlinePDFpdf
174
188349_1_En_9_Chapter_OnlinePDFpdf
203
188349_1_En_10_Chapter_OnlinePDFpdf
226
188349_1_En_11_Chapter_OnlinePDFpdf
265
188349_1_En_BM2_OnlinePDFpdf
283
Copyright

Common terms and phrases

Bibliographic information