@techreport{Kirchgassner2005weak,
abstract = {The weak rationality principle is not an empirical statement but a heuristic rule of how to
proceed in social sciences. It is a necessary ingredient of any ?understanding? social science in
the Weberian sense. In this paper, first this principle and its role in economic theorizing is
discussed. It is also explained why it makes sense to use a micro-foundation and, therefore,
employ the rationality assumption in economic models. Then, with reference to the ?bounded
rationality? approach, the informational assumptions are discussed. Third, we address the
assumption of self-interest which is often seen as a part of the rationality assumption. We
conclude with some remarks on handling the problems of ?free will? as well as ?weakness of
the will? within the economic approach.},
author = {Gebhard Kirchg\"{a}ssner},
copyright = {http://www.econstor.eu/dspace/Nutzungsbedingungen},
keywords = {B41; 330; rationality; self interest; micro-foundation; bounded rationality; Rationales Verhalten; Eigeninteresse; Mikro\"{o}konomische Fundierung; Beschr\"{a}nkte Rationalit\"{a}t; Theorie},
language = {eng},
number = {1410},
title = {The weak rationality principle in economics},
type = {CESifo working papers},
url = {http://hdl.handle.net/10419/18774},
year = {2005}
}
