A man is a key subject of economics and economic theory. “A man is irrational” - this opinion can be made from Allais paradox, risk aversion and other well-known fundamental problems. For a long time, this opinion was a barrier to proper solution of these problems and the development of the economic theory. A radically new approach has been proposed. It considers arrangement infringement possibility as a quite different source of such problems. It opens a quite different way to solve them and remove this barrier. It helps economists to open new and rediscover old fields and trends for the research.
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Paper provided by EconWPA in its series Public Economics with number
0511005.
Find related papers by JEL classification: C - Mathematical and Quantitative Methods C7 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions G22 - Financial Economics - - Financial Institutions and Services - - - Insurance; Insurance Companies H - Public Economics O - Economic Development, Technological Change, and Growth
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References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
ALLARD, Marie & BRONSARD, Camille & GOURIÉROUX Christian, 2003.
"Aversion Analysis,"
Cahiers de recherche
2003-06, Universite de Montreal, Departement de sciences economiques.
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ALLARD, Marie & BRONSARD, Camille & GOURIÉROUX, Christian, 2003.
"Aversion Analysis,"
Cahiers de recherche
04-2003, Centre interuniversitaire de recherche en économie quantitative, CIREQ.
[Downloadable!]
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