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Epistemology of DecisionRationality and Experimental Economics

Epistemology of Decision: Rationality and Experimental Economics [The theory of rational choice (TRC) is a model of explanation used by social science theorists to interpret behavior. Initially, the theory was the dominant paradigm of economics. A fundamental postulate of neoclassical economics was that economic phenomena primarily resulted from the action of agents who were fully rational, equal and therefore indistinguishable from each other and all agents pursuing their own personal and individual gain.] http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png

Epistemology of DecisionRationality and Experimental Economics

Part of the SpringerBriefs in Philosophy Book Series
Graziano, Mario
Epistemology of Decision — Sep 11, 2012
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Publisher
Springer Netherlands
Copyright
© The Author(s) 2013
ISBN
978-94-007-5427-0
Pages
3 –27
DOI
10.1007/978-94-007-5428-7_1
Publisher site
See Chapter on Publisher Site

Abstract

[The theory of rational choice (TRC) is a model of explanation used by social science theorists to interpret behavior. Initially, the theory was the dominant paradigm of economics. A fundamental postulate of neoclassical economics was that economic phenomena primarily resulted from the action of agents who were fully rational, equal and therefore indistinguishable from each other and all agents pursuing their own personal and individual gain.]

Published: Sep 11, 2012

Keywords: Utility Function; Nash Equilibrium; Game Theory; Rational Agent; Rational Choice

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