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dc.contributor.authorKirchgässner, Gebharden_US
dc.date.accessioned2009-01-28T15:52:47Z-
dc.date.available2009-01-28T15:52:47Z-
dc.date.issued2005en_US
dc.identifier.urihttp://hdl.handle.net/10419/18774-
dc.description.abstractThe 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.en_US
dc.language.isoengen_US
dc.relation.ispartofseriesCESifo working papers 1410en_US
dc.subject.jelB41en_US
dc.subject.ddc330en_US
dc.subject.keywordrationalityen_US
dc.subject.keywordself interesten_US
dc.subject.keywordmicro-foundationen_US
dc.subject.keywordbounded rationalityen_US
dc.subject.stwRationales Verhaltenen_US
dc.subject.stwEigeninteresseen_US
dc.subject.stwMikroökonomische Fundierungen_US
dc.subject.stwBeschränkte Rationalitäten_US
dc.subject.stwTheorieen_US
dc.titleThe weak rationality principle in economicsen_US
dc.typeWorking Paperen_US
dc.identifier.ppn484149970en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:CESifo Working Papers, CESifo Group Munich

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