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Optimal gelaufen, einfach zufrieden oder unüberlegt gehandelt? Zur Theorie (un)eingeschränkt rationalen Entscheidens.

Authors :
Güth, Werner
Source :
Perspektiven der Wirtschaftspolitik; May2009 Supplement 1, Vol. 10, p75-100, 26p, 3 Graphs
Publication Year :
2009

Abstract

How should we react to experiments that refute pure selfishness? Are deviations in action space only important if they imply considerable losses? For (un)bounded rationality it is unimportant which payoff declines lead to more or less adequate decision considerations. But also for unreflected actions a bad outcome need not necessarily arise if for example institutional frameworks exclude or restrict the exploitation of naïve agents. The comparison of rational and unreflected decisions is not reduced to action and payoff spaces, but extended to cognition space. The conceptual comparison is illustrated by results from laboratory experiments. [ABSTRACT FROM AUTHOR]

Details

Language :
German
ISSN :
14656493
Volume :
10
Database :
Complementary Index
Journal :
Perspektiven der Wirtschaftspolitik
Publication Type :
Academic Journal
Accession number :
38802051
Full Text :
https://doi.org/10.1111/j.1468-2516.2009.00307.x