rationality assumptions - arcturus9/useful-link GitHub Wiki
-
Rational choice theory
https://en.wikipedia.org/wiki/Rational_choice_theory -
Rational expectations
https://en.wikipedia.org/wiki/Rational_expectations -
Decision theory
https://en.wikipedia.org/wiki/Decision_theory -
Expected utility hypothesis
https://en.wikipedia.org/wiki/Expected_utility_hypothesis -
Mathematical model
https://en.wikipedia.org/wiki/Mathematical_model -
Rational fools: A critique of the behavioral foundations of economic theory (AK Sen - Philosophy & Public Affairs, 1977, cited 4463)
http://www.sigervanbrabant.be/docs/AMARTYA-SEN--Rational-Fools.pdf
ν©λ¦¬μ± κ°μ λΉνλ΄μ© by Amartya Sen(1999 λ Έλ²¨μμμ, νμκ²½μ ν welfare economics)
<"avoidance of the issue">
Borrowing from the terminology used in connection with taxation, if the Arrow-Hahn justification of the assumption of egoism amounts to an avoidance of the issue, the revealed preference approach looks more like a robust piece of evasion.
<"consistency">
(... Paul Samuelson has noted that many economists would "separate economics from sociology upon the basis of rational or irrational behavior, where these terms are defined in the penumbra of utility theory.)
The requirement of consistency does have surprising cutting power. Various general characteristics of demand relations can be derived from it. But in the present context, the main issue is the possibility of using the consistency requirement for actual testing.