Rationality – What? Misconceptions of Neoclassical and Behavioral Economics

Mario J. Rizzo

    Research output: Chapter in Book/Report/Conference proceedingChapter

    Abstract

    Reason is large. To ask the question whether some instance of human behavior is rational is tricky. Definitive answers that the behavior is not often rest on some technical narrowing of the meaning of rationality designed for a specific purpose in some other context. Often that specific purpose gets lost in the discussion. Statements about instrumental rationality need to be tied down to specific meanings, contexts and consequences.

    Original languageEnglish (US)
    Title of host publicationThe Cambridge Handbook of Classical Liberal Thought
    PublisherCambridge University Press
    Pages191-212
    Number of pages22
    ISBN (Electronic)9781108242226
    ISBN (Print)9781108416931
    DOIs
    StatePublished - Jan 1 2018

    ASJC Scopus subject areas

    • Social Sciences(all)

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