Revue Economique 35 (1):9-63 (1984)

Authors
Philippe Mongin
Centre National de la Recherche Scientifique
Abstract
This article critically discusses the concept of economic rationality, arguing that it is too narrow and specific to encompass the full concept of practical rationality. Economic rationality is identified here with the use of the optimizing model of decision, as well as of expected utility apparatus to deal with uncertainty. To argue that practical rationality is broader than economic rationality, the article claims that practical rationality includes bounded rationality as a particular case, and that bounded rationality cannot be reduced to economic rationality as defined here.
Keywords Economic rationality  Bounded rationality  Practical rationality  Neo-classical economics  Simon
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ISBN(s) 00352764
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Does Optimization Imply Rationality?Philippe Mongin - 2000 - Synthese 124 (1-2):73 - 111.
Competing Rationalities: The Students and Their Studies.Jacques Coenen-Huther - 1989 - Social Science Information 28 (4):769-783.

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