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Rationality in Economics: Constructivist and Ecological Forms

Rationality in Economics: Constructivist and Ecological Forms

Paperback

Economics

ISBN10: 0521133386
ISBN13: 9780521133388
Publisher: Cambridge University Press
Published: Oct 12 2009
Pages: 386
Weight: 1.20
Height: 0.50 Width: 6.00 Depth: 8.90
Language: English
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.

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