Search Results
– Pesendorfer 2008 ). Of course, RPT and rational choice theory have been criticized for many years from various perspectives ( Sen 1973 , 1977 , 1993 ; Hausman 2008 , 2012 ; Herfeld 2020 ). Moreover, currently, there is no single and universal conception
theory related to Shefrin – Thaler (1988) . BLCH is characterised as a critical enrichment of LCH for factors of households’ savings. The BLCH model originates in psychology and replaces the rational choice assumed by earlier models with an effort of
conclusions are received as unquestioned fact, the more their predictions appear confirmed by” practice ( Hay 2004 : 59, on rational choice models). 5.6 Management Two themes and meta
of Chicago Press . Danchev , S. ( 2016 ): Was Bentham a Primitive Rational Choice Theory Predecessor? . European Journal of the History of Economic Thought 23 ( 2 ): 297 – 322 . 10.1080/09672567.2014.916728 Dierksmeier , C. – Pirson , M
