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

Werner Güth

Perspektiven der Wirtschaftspolitik, 2009, vol. 10, issue s1, pages 75-100

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. Copyright 2009 der Autor Journal compilation 2009, Verein für Socialpolitik und Blackwell Publishing Ltd.

Date: 2009

Downloads: (external link)
http://www.blackwell-synergy.com/doi/abs/10.1111/j.1468-2516.2009.00307.x link to full text (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:bla:perwir:v:10:y:2009:i:s1:p:75-100

Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=1465-6493

Access Statistics for this article

Perspektiven der Wirtschaftspolitik is edited by Lars P. Feld, Jürgen von Hagen, Bernd Rudolph and Achim Wambach

More articles in Perspektiven der Wirtschaftspolitik from Blackwell Publishing
Series data maintained by Christopher F. Baum ().