A Rational Irrational Man

Alexander Harin

2 citations0/0 files storedRePEc: Research Papers in Economics

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Decision-Making and Behavioral Economics Economic Theory and Institutions Experimental Behavioral Economics Studies

Abstract

A man is a key subject of economics. "A man is irrational" - this opinion can be made from Allais paradox, risk aversion and other well-known fundamental problems. For a long time, this opinion was a barrier to proper solution of these problems and the development of the economics. A radically new way is proposed to solve them and remove this barrier. The way is the generalization of a breach of a term of contract.

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2005“Economic man” in cross-cultural perspective: Behavioral experiments in 15 small-scale societies 2007The Expected Utility Model: Its Variants, Purposes, Evidence and Limitations 1995Risk attitudes and decision weights 2004Attitudes to risk and attitudes to uncertainty: experimental evidence 2006History and the Equity Risk Premium 2005From Bounded Rationality to Behavioral Economics

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