Rationality – What?: Misconceptions of Neoclassical and Behavioral Economics

Mario J. Rizzo

doi:10.1017/9781108242226.013

Rationality – What? Misconceptions of Neoclassical and Behavioral Economics

Mario J. Rizzo

Research output: Chapter in Book/Report/Conference proceeding › Chapter

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 language	English (US)
Title of host publication	The Cambridge Handbook of Classical Liberal Thought
Publisher	Cambridge University Press
Pages	191-212
Number of pages	22
ISBN (Electronic)	9781108242226
ISBN (Print)	9781108416931
DOIs	https://doi.org/10.1017/9781108242226.013
State	Published - Jan 1 2018

ASJC Scopus subject areas

General Social Sciences

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10.1017/9781108242226.013

Cite this

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Rationality – What? Misconceptions of Neoclassical and Behavioral Economics

Abstract

ASJC Scopus subject areas

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