Predictably Rational? In Search of Defenses for Rational Behavior in Economics /

• Main Author: McKenzie, Richard B. (Author)
• Corporate Author: SpringerLink (Online service)
• Format: Electronic eBook
• Language: English
• Published: Berlin, Heidelberg : Springer Berlin Heidelberg, 2010.
• Subjects: Economics.; Management science.; Economic history.; Economic theory.; Economic Theory/Quantitative Economics/Mathematical Methods.; Economics, general.; Methodology/History of Economic Thought.

Mainstream economists everywhere exhibit an "irrational passion for dispassionate rationality." Behavioral economists, and long-time critic of mainstream economics suggests that people in mainstrean economic models "can think like Albert Einstein, store as much memory as IBM’s Big Blu...

Table of Contents:

• Economists’ “Irrational Passion for Dispassionate Rationality”
• The Methodological Constraints on the Rationality Premise
• Human Motivation and Adam Smith’s “Invisible Hands”
• Rationality in Economic Thought: From Thomas Robert Malthus to Alfred Marshall and Philip Wicksteed
• Rationality in Economic Thought: Frank Knight, Ludwig von Mises, Friedrich Hayek, and James Buchanan
• Behavioral Economists, and Psychologists’ Challenges to Rational Behavior
• The Evolutionary Biology of Rational Behavior
• The Neuroeconomics of Rational Decision Making
• Economic Defenses for Rational Behavior in Economics
• Problems with Behavioral Economics
• Rationality and Economic Education.