economic rationality
1Economic anthropology — is a scholarly field that attempts to explain human economic behavior using the tools of both economics and anthropology. It is practiced by anthropologists and has a complex relationship with economics. There are three major paradigms within the …
2ECONOMIC HISTORY — This article is arranged according to the following outline: first temple period exile and restoration second temple period talmudic era muslim middle ages medieval christendom economic doctrines early modern period sephardim and ashkenazim… …
3Rationality — as a term is related to the idea of reason, a word which following Webster s may be derived as much from older terms referring to thinking itself as from giving an account or an explanation. This lends the term a dual aspect. One aspect… …
4Economic bubble — An economic bubble (sometimes referred to as a speculative bubble, a market bubble, a price bubble, a financial bubble, a speculative mania or a balloon) is trade in high volumes at prices that are considerably at variance with intrinsic values… …
5Economic model — A diagram of the IS/LM model In economics, a model is a theoretical construct that represents economic processes by a set of variables and a set of logical and/or quantitative relationships between them. The economic model is a simplified… …
6Perfect rationality — In economics and game theory, the participants are sometimes considered to have perfect rationality: that is, they always act in a way that maximizes their utility, and are capable of arbitrarily complex deductions towards that end. They will… …
7Bounded rationality — Some models of human behavior in the social sciences assume that humans can be reasonably approximated or described as rational entities (see for example rational choice theory). Many economics models assume that people are hyperrational, and… …
8formal rationality — As defined by Max Weber in his account of the market and economic action, this refers to the extent of impersonal quantitative calculation (that is, risk assessment) which is possible and applied in provisioning for needs. Money is the best means …
9bounded rationality — The type of rationality that most people (or organizations) resort to when faced with complex decisions in fast moving, real life situations where perfect information is unavailable. Given these constraints, decision makers will be content to… …
10bounded rationality — The type of rationality that most people (or organizations) resort to when faced with complex decisions in fast moving, real life situations where perfect information is unavailable. Given these constraints, decision makers will be content to… …
