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Rationality, Bounded Rationality and Microfoundations

Foundations of Theoretical Economics

  • Book
  • © 2007

Overview

Authors:
  1. Reza Salehnejad
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Table of contents (8 chapters)

  1. Front Matter

    Pages i-xi
    Download chapter PDF

  2. Introduction

    • Reza Salehnejad
    Pages 1-6

  3. Theoretical versus atheoretical macroeconomics: Concepts and controversies

    • Reza Salehnejad
    Pages 7-35

  4. Rational behaviour and economic theory

    • Reza Salehnejad
    Pages 36-69

  5. ‘Homo Economicus’ as an intuitive statistician (1): Model-free learning

    • Reza Salehnejad
    Pages 70-105

  6. ‘Homo economicus’ as an intuitive statistician (2): Bayesian diagnostic learning

    • Reza Salehnejad
    Pages 106-164

  7. ‘Homo economicus’ as an intuitive statistician (3): Data-driven causal inference

    • Reza Salehnejad
    Pages 165-203

  8. The economy as an interactive system: An appraisal of the microfoundations project

    • Reza Salehnejad
    Pages 204-237

  9. Finale

    • Reza Salehnejad
    Pages 238-240

  10. Back Matter

    Pages 241-309
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Keywords

About this book

This book challenges the generally accepted theories of classical economics, explaining why the expected utility theory, even if it were true, fails to be of much help in solving economic controversies.

About the author

REZA SALEH-NEJAD received his MSc and PhD from the London School of Economics and Political Science, UK. Currently he is a research fellow at the HAND Foundation, California. He holds a visiting research position at the National Research Institute for Science Policy in Iran. He has also taught Economics at Cambridge and City University.

Bibliographic Information

  • Book Title: Rationality, Bounded Rationality and Microfoundations

  • Book Subtitle: Foundations of Theoretical Economics

  • Authors: Reza Salehnejad

  • DOI: https://doi.org/10.1057/9780230625150

  • Publisher: Palgrave Macmillan London

  • eBook Packages: Palgrave Economics & Finance Collection, Economics and Finance (R0)

  • Copyright Information: Palgrave Macmillan, a division of Macmillan Publishers Limited 2007

  • Hardcover ISBN: 978-0-230-00480-1Published: 28 November 2006

  • Softcover ISBN: 978-1-349-28149-7Published: 01 January 2007

  • eBook ISBN: 978-0-230-62515-0Published: 28 November 2006

  • Edition Number: 1

  • Number of Pages: XII, 309

  • Topics: Microeconomics, Economic Theory/Quantitative Economics/Mathematical Methods

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