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Paperback The Rational Foundations of Economic Behaviour: Proceedings of the Iea Conference Held in Turin, Italy Book

ISBN: 0333777263

ISBN13: 9780333777268

The Rational Foundations of Economic Behavior: Proceedings of the IEA Conference held in Turin, Italy (International Economic Association Conference Volumes)

This volume comprises fourteen papers presented to a conference of the IEA held at the International Centre for Economic Research, Turin. Four areas are identified in which theoretical and empirical developments are discussed for the fuller understanding of personal (as opposed to collective) behaviour with economic objectives: rational choice and associated problems of logic; rationality as explained by game theory; experiments to elucidate rational behaviour; and alternative treatments of rationality in decision-making theory. The preface by Nobel Laureate Kenneth Arrow traces the evolution of concepts of economic rationality from the start of this century.

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