5/23/2023 0 Comments Rationally irrational book![]() ![]() A theory of bounded rationality is key to understand how people make decisions given constraints of time, knowledge, and computational capacities, without resorting to utility maximisation (Simon 1983, Kahneman 2003). Rather, bounded rationality is an overarching theme in human cognition. The development of a theory of bounded rationality is one of the most important tasks in economics, but is not limited to it. In his book, “Predictably irrational” (2008), Dan Ariely criticises the conventional, standard economic theory and its view of human beings as rational agents, arguing that humans are not just irrational in decision making, but are rather predictably irrational. ![]() University of Cagliari, Department of Education, Psychology, Philosophy, Italy ![]()
0 Comments
Leave a Reply. |