A Rational Irrational Man?

Alexander Harin ()
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Alexander Harin: MODERN UNIVERSITY FOR THE HUMANITIES - Modern University for the Humanities - Modern University for the Humanities

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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.

Keywords: contract; business; bank; trade; industry; development; risk; “ideal” economics; investment; choice; contrat; affaires; banque; commerce; industrie; développement; risque; économie "idéale"; investissement; choix (search for similar items in EconPapers)
Date: 2006-08-10
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