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| Author: | Handlbauer, G. |
| Title: | Self-reference in individual and social decision-making |
| Journal: | Journal of Institutional and Theoretical Economics
1997 : DEC, VOL. 153:4, p. 762-770 |
| Index terms: | ECONOMICS DECISION MAKING THEORIES |
| Language: | eng |
| Abstract: | In economics decision-making is traditionally seen as an intentional calculation process (Moser, 1990, 2) The basic concept is that the decision-maker has to choose between a set of alternative actions according to his or her preferences. Usually a great deal of (scientific) work is devoted to the development of tools that rationalise this process and affirm rational choice. This approach refers to a concept of rationality that is assumed to fit all decision-makers in all situations. |
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