Economicus: Assumptions of a Neoclassical Theory of Behavior and Their Implications—My Take

Edward Morey ()

Chapter Chapter 2 in Deconstructing Behavior, Choice, and Well-being, 2023, pp 15-72 from Springer

Abstract: Abstract My account of neoclassical choice theory, NCT, differs from yours. If not, it is not worth pondering. My perspective is broad, including risk, uncertainty, and beliefs. Everything you care about is included, plus all your constraints. Individual plants, machines, and animals might be economici. Humans? This chapter emphasizes the assumptions and definitions: standard ones are deconstructed, and implicit ones are identified. They and what follows from their different subsets is the focus of this chapter, not judgment.

Keywords: Behavior; Choice; Economicus (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-36712-0_2

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DOI: 10.1007/978-3-031-36712-0_2

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