A rational heuristic model of economic decision making

  title={A rational heuristic model of economic decision making},
  author={Anna Grandori},
  journal={Rationality and Society},
  pages={477 - 504}
  • A. Grandori
  • Published 25 October 2010
  • Economics
  • Rationality and Society
A conspicuous ‘hole’ lies between the ‘rational-choice’ paradigm and the ‘behavioral decision-making’ paradigm. The ‘missing model’ is ‘heuristic’ (research-based) yet ‘rational’ (non-biasing): a set of methods for the logically sound discovery and design of economic actions, options and objectives. Such a model is developed in this paper, enriching the notion and repertory of heuristics that are typically considered in economic and cognitive sciences with the notion and set of heuristics… 

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