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This paper aims to represent the special characteristics of rational economics in comparison to the case of the behavioral economics. Therefore, in this analysis are represented these issues, and showed the main differences between the two concepts. Therefore, the mainstream is to show the...
Persistent link: https://www.econbiz.de/10012915379
In Behavioral Economics approach, don't exist a perfect rationality to a model, but depends on limits on rationality, willpower, self-interest, and attention, where theories should be judged by the accuracy of their predictions, and not by the accuracy of their assumptions
Persistent link: https://www.econbiz.de/10012918031
This paper is about the classic methods used in the analysis of economics. More precisely, the R.B.Q. (Rational, Behavioral, and Quantified) model is about rational economics and behavioral economic analysis in conjunction with the quantification procedure (Q.E. method). Therefore, in this work...
Persistent link: https://www.econbiz.de/10012849520