The Concept of Rationality in Neoclassical and Behavioural Economic Theory

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F60460709%3A41110%2F15%3A68582" target="_blank" >RIV/60460709:41110/15:68582 - isvavai.cz</a>

Result on the web

<a href="http://dx.doi.org/10.5539/mas.v9n3p1" target="_blank" >http://dx.doi.org/10.5539/mas.v9n3p1</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.5539/mas.v9n3p1" target="_blank" >10.5539/mas.v9n3p1</a>

Result language

angličtina

Original language name

The Concept of Rationality in Neoclassical and Behavioural Economic Theory

Original language description

Theories that are based on the neoclassical basis such as expected utility theory or the theory of efficient markets assume rational choice of subjects in the sense of an optimal choice according to the criteria of neo-classical economics. Behavioral theory such as prospect theory assumes limited rationality in the choice of subjects. In this research the problem of choosing subjects is treated differently. The aim of this paper is to attempt a comparison between two basic approaches of contemporary economic theories that are applied in the financial markets, but also in other spheres of economic activity (public economics).

Czech name

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Czech description

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Type

J_x - Unclassified - Peer-reviewed scientific article (Jimp, Jsc and Jost)

CEP classification

AH - Economics

OECD FORD branch

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Project

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Continuities

S - Specificky vyzkum na vysokych skolach

Publication year

2015

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Name of the periodical

Modern Applied Science

ISSN

1913-1844

e-ISSN

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Volume of the periodical

9

Issue of the periodical within the volume

3

Country of publishing house

CZ - CZECH REPUBLIC

Number of pages

9

Pages from-to

1-9

UT code for WoS article

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EID of the result in the Scopus database

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