Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/18774 
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dc.contributor.authorKirchgässner, Gebharden
dc.date.accessioned2009-01-28T15:52:47Z-
dc.date.available2009-01-28T15:52:47Z-
dc.date.issued2005-
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 toproceed in social sciences. It is a necessary ingredient of any ?understanding? social science inthe Weberian sense. In this paper, first this principle and its role in economic theorizing isdiscussed. 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 ?boundedrationality? approach, the informational assumptions are discussed. Third, we address theassumption of self-interest which is often seen as a part of the rationality assumption. Weconclude with some remarks on handling the problems of ?free will? as well as ?weakness ofthe will? within the economic approach.en
dc.language.isoengen
dc.publisher|aCenter for Economic Studies and ifo Institute (CESifo) |cMunichen
dc.relation.ispartofseries|aCESifo Working Paper |x1410en
dc.subject.jelB41en
dc.subject.ddc330en
dc.subject.keywordrationalityen
dc.subject.keywordself interesten
dc.subject.keywordmicro-foundationen
dc.subject.keywordbounded rationalityen
dc.subject.stwRationales Verhaltenen
dc.subject.stwEigeninteresseen
dc.subject.stwMikroökonomische Fundierungen
dc.subject.stwBeschränkte Rationalitäten
dc.subject.stwTheorieen
dc.titleThe weak rationality principle in economics-
dc.typeWorking Paperen
dc.identifier.ppn484149970en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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