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Richard B. McKenzie - Predictably Rational? - 9783642015854 - V9783642015854
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Predictably Rational?

€ 109.46
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Description for Predictably Rational? paperback. The premise of rationality is a means by which economists can gain insights about complex human interactions. This premise has been broadly criticized by behavioral economics. This book explains why the rationality premise should still be used. Num Pages: 330 pages, 1 black & white illustrations, biography. BIC Classification: KCA. Category: (P) Professional & Vocational. Dimension: 235 x 163 x 19. Weight in Grams: 480.

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 Blue, and exercise the will power of Mahatma Gandhi," suggesting that such a view of real world modern homo sapiens is simply wrongheaded. Indeed, Thaler and other behavioral economists and psychology have documented a variety of ways in which real-world people fall far short of mainstream economists' idealized economic actor, perfectly rational homo economicus. Behavioral economist Daniel Ariely has concluded that real-world people ... Read more

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Product Details

Format
Paperback
Publication date
2009
Publisher
Springer-Verlag Berlin and Heidelberg GmbH & Co. KG Germany
Number of pages
330
Condition
New
Number of Pages
308
Place of Publication
Berlin, Germany
ISBN
9783642015854
SKU
V9783642015854
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-15

About Richard B. McKenzie
Richard McKenzie is the Walter B. Gerken Professor of Enterprise and Society in the Paul Merage School of Business at the University of California, Irvine. Widely published in academic journals and general audience publications, his two most recent books are In Defense of Monopoly: How Market Power Fosters Creative Production (University of Michigan Press, 2008) and Why Popcorn Costs so ... Read more

Reviews for Predictably Rational?
From the reviews: One reviewer (Nobel Laureate in Economics) described the book as a "massise effort," because of the breadth of the inquiry, covering from the intellectual history of the rationality premise (from Adam Smith to modern economists) to the evolutionary biology of the concept to the neurobiology/economics of the concept to the behavioral economics/psychology of the criticisms. ... Read more

Goodreads reviews for Predictably Rational?


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