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The Limits of Rational Choice or Why Do Economists Become Parents?

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Author Info
Himmelweit, S.
Abstract

In this paper, I shall look at some ways in which models of individual behaviour might be constructed to take account of caring behaviour. I shall argue that those models that use just small modifications of rational choice theory do not go far enough away from the parent theory theory to be useful. However I remain committed to the building of some sort of model of individual caring behaviour.

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Publisher Info
Paper provided by Sydney - Department of Economics in its series Papers with number 99-11.

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Length: 35 pages
Date of creation: 1999
Date of revision:
Handle: RePEc:fth:sydnec:99-11

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Postal: THE UNIVERSITY OF SYDNEY, DEPARTMENT OF ECONOMICS, 2006 AUSTRALIA.
Phone: 61 +2 9351 5055
Fax: 61 +2 9351 4341
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Web page: http://www.econ.usyd.edu.au/economics
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Related research
Keywords: BEHAVIOUR ; ECONOMIC MODELS;

Find related papers by JEL classification:
C50 - Mathematical and Quantitative Methods - - Econometric Modeling - - - General
D80 - Microeconomics - - Information, Knowledge, and Uncertainty - - - General

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