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La nozione di razionalita' in economia

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  • Aldo MONTESANO

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Abstract

The notion of rationality is examined with respect to its use in economics. Three kinds of rationality are distinguished. First, economics is qualified as rational when its nomological-deductive content is taken into account. Second, agents and actions are qualified as rational if a theory of choice is introduced related to a system of binary relations of preference. Third, a preference system on a set of lotteries, acts or strategies is qualified as rational if it is consistent with a theory that connects choice to its possible consequences. Moreover, in all these matters a double meaning of rationality applies, either as logical consistency or as conformity to an axiomatic model.

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Bibliographic Info

Article provided by SIE - Societa' Italiana degli Economisti (I) in its journal Rivista Italiana degli Economisti.

Volume (Year): 10 (2005)
Issue (Month): 1 (April)
Pages: 23-42

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Handle: RePEc:rie:review:v:10:y:2005:i:1:n:2

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Cited by:
  1. Schilirò, Daniele & Graziano, Mario, 2011. "Scelte e razionalità nei modelli economici: un'analisi multidisciplinare
    [Choices and rationality in economic models: a multidisciplinary analysis]
    ," MPRA Paper 31910, University Library of Munich, Germany.
  2. Schilirò, Daniele, 2011. "Economics and psychology.Perfect rationality versus bounded rationality," MPRA Paper 34292, University Library of Munich, Germany.

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