Rationality in Economics: Constructivist and Ecological Forms

Cambridge University Press (2008)
Abstract
The principal findings of experimental economics are that impersonal exchange in markets converges in repeated interaction to the equilibrium states implied by economic theory, under information conditions far weaker than specified in the theory. In personal, social, and economic exchange, as studied in two-person games, cooperation exceeds the prediction of traditional game theory. This book relates these two findings to field studies and applications and integrates them with the main themes of the Scottish Enlightenment and with the thoughts of F. A. Hayek
Keywords Economics Methodology  Constructivism (Philosophy  Ecology
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Call number HB131.S38 2008
ISBN(s) 9780521871358   0521871352
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