Emotion, utility maximization, and ecological rationality
Author
Abstract
Suggested Citation
DOI: 10.1007/s11299-014-0151-y
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Herbert A. Simon, 1955. "A Behavioral Model of Rational Choice," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 69(1), pages 99-118.
- van Damme, Eric, 1998.
"On the State of the Art in Game Theory: An Interview with Robert Aumann,"
Games and Economic Behavior, Elsevier, vol. 24(1-2), pages 181-210, July.
- van Damme, E.E.C., 1998. "On the state of the art in game theory : An interview with Robert Aumann," Other publications TiSEM f5996b72-3a0e-49eb-a2a9-e, Tilburg University, School of Economics and Management.
- Slovic, Paul & Finucane, Melissa & Peters, Ellen & MacGregor, Donald G., 2002. "Rational actors or rational fools: implications of the affect heuristic for behavioral economics," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 31(4), pages 329-342.
- Robert J. Aumann, 2008. "Rule-Rationality versus Act-Rationality," Discussion Paper Series dp497, The Federmann Center for the Study of Rationality, the Hebrew University, Jerusalem.
- Daniel Kahneman, 2003. "Maps of Bounded Rationality: Psychology for Behavioral Economics," American Economic Review, American Economic Association, vol. 93(5), pages 1449-1475, December.
- Shlomo Benartzi & Richard H. Thaler, 1995.
"Myopic Loss Aversion and the Equity Premium Puzzle,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 110(1), pages 73-92.
- Shlomo Benartzi & Richard H. Thaler, 1993. "Myopic Loss Aversion and the Equity Premium Puzzle," NBER Working Papers 4369, National Bureau of Economic Research, Inc.
- Vernon L. Smith, 2003.
"Constructivist and Ecological Rationality in Economics,"
American Economic Review, American Economic Association, vol. 93(3), pages 465-508, June.
- Smith, Vernon L., 2002. "Constructivist and Ecological Rationality in Economics," Nobel Prize in Economics documents 2002-7, Nobel Prize Committee.
- Bohnet, Iris & Zeckhauser, Richard, 2004.
"Trust, risk and betrayal,"
Journal of Economic Behavior & Organization, Elsevier, vol. 55(4), pages 467-484, December.
- Bohnet, Iris & Zeckhauser, Richard, 2003. "Trust, Risk and Betrayal," Working Paper Series rwp03-041, Harvard University, John F. Kennedy School of Government.
- Itzhak AHARON, 2012. "Is it Betrayal Aversion or Regret Aversion?," Discussion Papers (REL - Recherches Economiques de Louvain) 2012037, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
- Aumann, Robert J., 1997. "Rationality and Bounded Rationality," Games and Economic Behavior, Elsevier, vol. 21(1-2), pages 2-14, October.
- Sunstein, Cass R, 2003. "Terrorism and Probability Neglect," Journal of Risk and Uncertainty, Springer, vol. 26(2-3), pages 121-136, March-May.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Mario Cedrini & Marco Novarese, 2015.
"The challenge of fear to economics,"
Mind & Society: Cognitive Studies in Economics and Social Sciences, Springer;Fondazione Rosselli, vol. 14(1), pages 99-106, June.
- Cedrini, Mario A. & Novarese, Marco, 2016. "The challenge of fear to Economics," POLIS Working Papers 187, Institute of Public Policy and Public Choice - POLIS.
- Yakir Levin & Itzhak Aharon, 2015. "Complexity and individual psychology," Mind & Society: Cognitive Studies in Economics and Social Sciences, Springer;Fondazione Rosselli, vol. 14(2), pages 203-219, November.
- Yakir Levin & Itzhak Aharon, 2022. "Animal vs. human rationality-cum-conceptuality: a philosophical perspective on developmental psychology," Mind & Society: Cognitive Studies in Economics and Social Sciences, Springer;Fondazione Rosselli, vol. 21(1), pages 63-88, June.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Jacobs Martin, 2016. "Accounting for Changing Tastes: Approaches to Explaining Unstable Individual Preferences," Review of Economics, De Gruyter, vol. 67(2), pages 121-183, August.
- Bogliacino, Francesco & Codagnone, Cristiano, 2021.
"Microfoundations, behaviour, and evolution: Evidence from experiments,"
Structural Change and Economic Dynamics, Elsevier, vol. 56(C), pages 372-385.
- Bogliacino, Francesco & Codagnone, Cristiano, 2017. "Microfoundations, Behaviour, and Evolution: Evidence from Experiments," MPRA Paper 82479, University Library of Munich, Germany.
- F. Knobloch & J. -F. Mercure, 2016. "The behavioural aspect of green technology investments: a general positive model in the context of heterogeneous agents," Papers 1603.06888, arXiv.org.
- Eduard Marinov, 2017. "The 2017 Nobel Prize in Economics," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 6, pages 117-159.
- Kavous Ardalan, 2018. "Behavioral attitudes toward current economic events: a lesson from neuroeconomics," Business Economics, Palgrave Macmillan;National Association for Business Economics, vol. 53(4), pages 202-208, October.
- Bélyácz, Iván & Kovács, Kármen, 2021. "Az egyén kognitív korlátaitól viselkedésének előrejelezhetőségéig [From the cognitive boundaries of individuals to the predictability of their behaviour]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(2), pages 132-149.
- Clement A. Tisdell, 2017. "Bounded Rationality, Satisficing and the Evolution of Economic Thought," Economic Theory, Applications and Issues Working Papers 264873, University of Queensland, School of Economics.
- Altman, Morris, 2014. "Insights from behavioral economics on how labor markets work," Working Paper Series 18843, Victoria University of Wellington, School of Economics and Finance.
- Ardalan, Kavous, 2018. "Neurofinance versus the efficient markets hypothesis," Global Finance Journal, Elsevier, vol. 35(C), pages 170-176.
- Committee, Nobel Prize, 2017. "Richard H. Thaler: Integrating Economics with Psychology," Nobel Prize in Economics documents 2017-1, Nobel Prize Committee.
- Das, Willy & Das, Satyasiba, 2018. "Role of Heuristic Principles On Crowd-Funder's Investment Decision Making," 6th International OFEL Conference on Governance, Management and Entrepreneurship. New Business Models and Institutional Entrepreneurs: Leading Disruptive Change (Dubrovnik, 2018), in: 6th International OFEL Conference on Governance, Management and Entrepreneurship. New Business Models and Institutional Entrepreneurs: Leading Disrupt, pages 443-452, Governance Research and Development Centre (CIRU), Zagreb.
- Stefano DellaVigna, 2009.
"Psychology and Economics: Evidence from the Field,"
Journal of Economic Literature, American Economic Association, vol. 47(2), pages 315-372, June.
- Stefano DellaVigna, 2007. "Psychology and Economics: Evidence from the Field," NBER Working Papers 13420, National Bureau of Economic Research, Inc.
- Michaël Lainé, 2014. "Vers une alternative au paradigme de la rationalité ? Victoires et déboires du programme spinoziste en économie," Post-Print hal-01335618, HAL.
- Leković Milјan, 2020. "Cognitive Biases as an Integral Part of Behavioral Finance," Economic Themes, Sciendo, vol. 58(1), pages 75-96, March.
- David Stadelmann & Benno Torgler, 2012.
"Bounded Rationality and Voting Decisions Exploring a 160-Year Period,"
Working Papers
2012.70, Fondazione Eni Enrico Mattei.
- David Stadelmann & Benno Torgler, 2013. "Bounded Rationality and Voting Decisions Exploring a 160-Year Period," QuBE Working Papers 005, QUT Business School.
- David Stadelmann & Benno Torgler, 2012. "Bounded Rationality and Voting Decisions Exploring a 160-Year Period," CESifo Working Paper Series 3907, CESifo.
- Stadelmann, David & Torgler, Benno, 2012. "Bounded Rationality and Voting Decisions Exploring a 160-Year Period," Economy and Society 138635, Fondazione Eni Enrico Mattei (FEEM).
- David Stadelmann & Benno Torgler, 2012. "Bounded Rationality and Voting Decisions Exploring a 160-Year Period," CREMA Working Paper Series 2012-11, Center for Research in Economics, Management and the Arts (CREMA).
- Wüstenhagen, Rolf & Menichetti, Emanuela, 2012. "Strategic choices for renewable energy investment: Conceptual framework and opportunities for further research," Energy Policy, Elsevier, vol. 40(C), pages 1-10.
- Wang, Peijie, 2013.
"Reverse shooting of exchange rates,"
Economic Modelling, Elsevier, vol. 33(C), pages 71-76.
- Peijie Wang, 2009. "Reverse Shooting of Exchange Rates," Working Papers 2009-FIN-02, IESEG School of Management.
- Jan Trzaskowski, 2011. "Behavioural Economics, Neuroscience, and the Unfair Commercial Practises Directive," Journal of Consumer Policy, Springer, vol. 34(3), pages 377-392, September.
- Krishnan S. Anand & Manu Goyal, 2019. "Ethics, Bounded Rationality, and IP Sharing in IT Outsourcing," Management Science, INFORMS, vol. 65(11), pages 5252-5267, November.
- Neyman, Abraham & Okada, Daijiro, 2009.
"Growth of strategy sets, entropy, and nonstationary bounded recall,"
Games and Economic Behavior, Elsevier, vol. 66(1), pages 404-425, May.
- Abraham Neyman Null & Daijiro Okada, 2005. "Growth of Strategy Sets, Entropy and Nonstationary Bounded Recall," Departmental Working Papers 200514, Rutgers University, Department of Economics.
- Abraham Neyman & Daijiro Okada, 2005. "Growth of Strategy Sets, Entropy, and Nonstationary Bounded Recall," Discussion Paper Series dp411, The Federmann Center for the Study of Rationality, the Hebrew University, Jerusalem.
More about this item
Keywords
Emotion; Ecological rationality; Evolutionary psychology; Fear; Practical rationality; Utility maximization;All these keywords.
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:minsoc:v:13:y:2014:i:2:p:227-245. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.