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Rational irrationality: Some economics of self-management
Affiliation:1. Technische Universität München, Boltzmannstr. 3, 85748 Garching, Germany;2. Johns Hopkins University, 3400  N. Charles St., Baltimore, MD 21218, USA;3. Università degli Studi di Padova, Via Trieste 63, 35121 Padova, Italy;1. Department of Economics, Koç University, Rumelifeneri Yolu Sariyer, Istanbul 34450 Turkey;2. Nazarbayev University, Kazakhstan
Abstract:The paper first reviews some of the main challenges posed to our received economic paradigm by a variety of behaviors documented by psychologists and discusses possible responses to this challenge. It then describes a specific attempt at unifying a number of themes in social psychology using a parsimonious modeling of human behavior.
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