This book analyses the role of rationality in economics focusing on which conditions the rationality assumption makes valuable explanations possible and what ki

The principal findings of experimental economics are that impersonal exchange in markets converges in repeated interaction to the equilibrium states implied by

This book is the result of a research project begun by the author in 1958 with the aim of answering two questions: First, what is the rationality of the economi

Prevailing economic theory presumes that agents act rationally when they make decisions, striving to maximize the efficient use of their resources. Psychology h

The concept of economic rationality is important for the historical evolution of Economics as a scientific discipline. The common idea about this concept -even