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A Rational Irrational Man?

Alexander Harin ()
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Alexander Harin: Modern University for the Humanities

Microeconomics from Socionet

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: risk; business; bank; trade; industry; development; utility; contract; “ideal” economics; investment (search for similar items in EconPapers)
JEL-codes: C C7 D D8 E E2 G11 (search for similar items in EconPapers)
Pages: 11
Date: 2006-08-14
New Economics Papers: this item is included in nep-evo, nep-hpe, nep-mac and nep-upt
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