IDEAS home Printed from https://ideas.repec.org/p/nos/wuwpmi/harin_alexander.34115-060814.html
   My bibliography  Save this paper

A Rational Irrational Man?

Author

Listed:
  • Alexander Harin

    () (Modern University for the Humanities)

Abstract

A man is a key subject of economics. “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 economics. A radically new way is proposed to solve them and remove this barrier. The way is the generalization of a breach of a term of contract.

Suggested Citation

  • Alexander Harin, 2006. "A Rational Irrational Man?," Microeconomics harin_alexander.34115-060, Socionet.
  • Handle: RePEc:nos:wuwpmi:harin_alexander.34115-060814
    as

    Download full text from publisher

    File URL: http://harin.socionet.ru/files/060814.pdf
    Download Restriction: no

    References listed on IDEAS

    as
    1. Alexander Harin, 2005. "A new approach to solve old problems," Game Theory and Information 0505005, EconWPA.
    2. Carmela Di Mauro & Anna Maffioletti, 2004. "Attitudes to risk and attitudes to uncertainty: experimental evidence," Applied Economics, Taylor & Francis Journals, vol. 36(4), pages 357-372.
    3. Guido Fioretti, 2004. "Evidence Theory: A Mathematical Framework For Unpredictable Hypotheses," Metroeconomica, Wiley Blackwell, vol. 55(4), pages 345-366, November.
    4. Gowdy, John & Erickson, Jon, 2005. "Ecological economics at a crossroads," Ecological Economics, Elsevier, vol. 53(1), pages 17-20, April.
    5. Quiggin, John, 2005. "The Precautionary Principle in Environmental Policy and the Theory of Choice under Uncertainty," Risk and Sustainable Management Group Working Papers 149847, University of Queensland, School of Economics.
    6. Massimo Egidi, 2005. "From Bounded Rationality to Behavioral Economics," Experimental 0507002, EconWPA.
    7. Tversky, Amos & Wakker, Peter, 1995. "Risk Attitudes and Decision Weights," Econometrica, Econometric Society, vol. 63(6), pages 1255-1280, November.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    risk; business; bank; trade; industry; development; utility; contract; “ideal” economics; investment;

    JEL classification:

    • C - Mathematical and Quantitative Methods
    • D - Microeconomics
    • E - Macroeconomics and Monetary Economics
    • C7 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory
    • D8 - Microeconomics - - Information, Knowledge, and Uncertainty
    • E2 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment
    • G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    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:nos:wuwpmi:harin_alexander.34115-060814. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Sergei Parinov). General contact details of provider: http://spz.socionet.ru/archives/ .

    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 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.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.