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Rule Rationality vs. Act Rationality

Rule Rationality vs. Act Rationality. Bob Aumann Center for the Study of Rationality The Hebrew University, Jerusalem. The 2002 Economics Nobel Prize. was awarded to Daniel Kahneman and Vernon Smith. Kahneman showed that people are irrational. Smith showed that people are rational.

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324 views • 20 slides

Rule Rationality vs. Act Rationality

Rule Rationality vs. Act Rationality. Yisrael Aumann Center for the Study of Rationality The Hebrew University, Jerusalem. Georg HEGEL (1807) Thesis: Classical Economics: Rationality Antithesis: Behavioral Economics: Systematic Ir rationality Synthesis: Rule-Rationality.

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251 views • 12 slides

Rule Rationality vs. Act Rationality

Rule Rationality vs. Act Rationality. Bob Aumann Behavioral Game Theory Workshop Stony Brook Game Theory Festival 21 July 2009. Georg HEGEL (1807) Thesis: Classical Economics: Rationality Antithesis: Behavioral Economics: Systematic Ir rationality Synthesis: Rule-Rationality.

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119 views • 11 slides

Rule Rationality vs. Act Rationality

Rule Rationality vs. Act Rationality. Robert Aumann The Center for Rationality The Hebrew University, Jerusalem The Fifth European Conference On Complex Systems Jerusalem, September 2008. a. Bees, flowers, and nectar. IRRATIONAL.

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225 views • 10 slides

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Act rationality - PowerPoint PPT Presentation

Rule Rationality vs. Act Rationality

Rule Rationality vs. Act Rationality

Rule Rationality vs. Act Rationality

Rule Rationality vs. Act Rationality