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https://hdl.handle.net/10419/18774
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DC Field | Value | Language |
---|---|---|
dc.contributor.author | Kirchgässner, Gebhard | en |
dc.date.accessioned | 2009-01-28T15:52:47Z | - |
dc.date.available | 2009-01-28T15:52:47Z | - |
dc.date.issued | 2005 | - |
dc.identifier.uri | http://hdl.handle.net/10419/18774 | - |
dc.description.abstract | The weak rationality principle is not an empirical statement but a heuristic rule of how toproceed in social sciences. It is a necessary ingredient of any ?understanding? social science inthe Weberian sense. In this paper, first this principle and its role in economic theorizing isdiscussed. It is also explained why it makes sense to use a micro-foundation and, therefore,employ the rationality assumption in economic models. Then, with reference to the ?boundedrationality? approach, the informational assumptions are discussed. Third, we address theassumption of self-interest which is often seen as a part of the rationality assumption. Weconclude with some remarks on handling the problems of ?free will? as well as ?weakness ofthe will? within the economic approach. | en |
dc.language.iso | eng | en |
dc.publisher | |aCenter for Economic Studies and ifo Institute (CESifo) |cMunich | en |
dc.relation.ispartofseries | |aCESifo Working Paper |x1410 | en |
dc.subject.jel | B41 | en |
dc.subject.ddc | 330 | en |
dc.subject.keyword | rationality | en |
dc.subject.keyword | self interest | en |
dc.subject.keyword | micro-foundation | en |
dc.subject.keyword | bounded rationality | en |
dc.subject.stw | Rationales Verhalten | en |
dc.subject.stw | Eigeninteresse | en |
dc.subject.stw | Mikroökonomische Fundierung | en |
dc.subject.stw | Beschränkte Rationalität | en |
dc.subject.stw | Theorie | en |
dc.title | The weak rationality principle in economics | - |
dc.type | Working Paper | en |
dc.identifier.ppn | 484149970 | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
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