Title
Teorijski modeli racionalnog ponašanja u savremenoj ekonomskoj nauci : doktorska disertacija
Creator
Krstić, Miloš, 1983-
Copyright date
2013
Object Links
Select license
Autorstvo 3.0 Srbija (CC BY 3.0)
License description
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Language
Serbian
Cobiss-ID
Theses Type
Doktorska disertacija
Other responsibilities
mentor
Petrović, Dragan
Academic Expertise
Društveno-humanističke nauke
University
Univerzitet u Nišu
Faculty
Ekonomski fakultet
Group
Katedra za opštu ekonomsku teoriju
Title translated
THE TEORETICAL MODEL OF RATIONAL CHOICE BEHAVIOUR IN CONTEMPORARY ECONOMIC SCIENCE
Publisher
Niš : [М. Krstić]
Format
PDF/A (243 lista)
description
Umnoženo za odbranu.
Univerzitet u Nišu, Ekonomski fakultet, 2013.
Napomene i bibliografske reference uz tekst.
Bibliografija: listovi 216-227.
Biografija autora: list 238.
Abstract.
Abstract (en)
The consequences of selecting alternatives spurred scientists to create theories of
rational decision-making. Until the 20th century, there were a relatively small number of
decision- making and rational choice theories. This pattern was changed radically in the 20th
century when the first models of rational behaviour emerged, primarily in the theory of
operational researches, and then in rational choice theory. In the c o n t e m p o r a r y
e c o n o m i c s s c i e n c e , the principle of rationality is characterized by subjectivity and
narrowness. In comparison with the neoclassical direction, contemporary economics science
fundamentally changed the paradigm of rationality. Supporters of cont emporar y
economi cs s ci ence renounced the useless “demarcation” between the rationality and
irrationality (logical/ illogical) of behavior and focused on the subjective determination of
rationality. If children prefer to watch TV and not to study, they act subjectively and
rationally, although in 10 years’ time they will have a different opinion. After all, there
are potentially as many “rationalities” as there are people on the Earth. Attention of
researchers, with bounded as features of rationality, is focused on two essential deficits of
neoclassical theory. Neoclassical theory interprets the role of transaction costs in a rational
economy in the wrong way. Specifically, in the neoclassic model of rational choice,
transaction costs eqvals zero. Even famous philosophers, such as Weber and Schumpeter,
presumably did not pay attention to these moments. According to Weber’s typology, only
conscious focusing on the ultimate goal and conscious choice of means of its realisation
are considered to be rational. Therefore, Weber makes a distinction between the “traditionally
rational” behaviour on the one hand, and “traditionally irrational and affective behavior”, on
the other. Nevertheless, both “traditionally irrational” behaviour and partly affective
behaviour can be rational. If the analysis includes the time constraint, it becomes clear that
in some trivial situations it is often more rational to make a decision immediately, and then
to behave irrationally, provided there is no reasonable cause for rational behaviour. No
matter whether we talk about eating with a fork and a knife, or with chopsticks, combing our
hair in the morning or tidying our room, etc., these are all cases where traditional behaviour
is rational. Just as M. Weber, Schumpeter could not bring the principles of rationality to a
logical end. Schumpeter, for example, kept on using the term “field of rationality” in
explaining entrepreneurs’ behaviour. Furthermore, he confused the term “rationality in
conditions of incomplete information” with the term “irrational and variable behaviour”.
The contemporaly economics science have made up for all those flaws concerning the
definition of rationality, and it has brought the rationality principle to its logical end,
recognising the important role that time, transaction costs, expenses and information have in
everyday decisions.
Authors Key words
Racionalno ponašanje, racionalni izbor, odlučivanje, neoklasična škola, vreme,
transakcioni troškovi, ograničene kognitivne sposobnosti, asimetrične informacije
Authors Key words
rational choice, decision-making, the neoclassical school, time, transaction costs,
bounded cognitive abilities, asymmetric information
Subject
141
Type
Elektronska teza
Abstract (en)
The consequences of selecting alternatives spurred scientists to create theories of
rational decision-making. Until the 20th century, there were a relatively small number of
decision- making and rational choice theories. This pattern was changed radically in the 20th
century when the first models of rational behaviour emerged, primarily in the theory of
operational researches, and then in rational choice theory. In the c o n t e m p o r a r y
e c o n o m i c s s c i e n c e , the principle of rationality is characterized by subjectivity and
narrowness. In comparison with the neoclassical direction, contemporary economics science
fundamentally changed the paradigm of rationality. Supporters of cont emporar y
economi cs s ci ence renounced the useless “demarcation” between the rationality and
irrationality (logical/ illogical) of behavior and focused on the subjective determination of
rationality. If children prefer to watch TV and not to study, they act subjectively and
rationally, although in 10 years’ time they will have a different opinion. After all, there
are potentially as many “rationalities” as there are people on the Earth. Attention of
researchers, with bounded as features of rationality, is focused on two essential deficits of
neoclassical theory. Neoclassical theory interprets the role of transaction costs in a rational
economy in the wrong way. Specifically, in the neoclassic model of rational choice,
transaction costs eqvals zero. Even famous philosophers, such as Weber and Schumpeter,
presumably did not pay attention to these moments. According to Weber’s typology, only
conscious focusing on the ultimate goal and conscious choice of means of its realisation
are considered to be rational. Therefore, Weber makes a distinction between the “traditionally
rational” behaviour on the one hand, and “traditionally irrational and affective behavior”, on
the other. Nevertheless, both “traditionally irrational” behaviour and partly affective
behaviour can be rational. If the analysis includes the time constraint, it becomes clear that
in some trivial situations it is often more rational to make a decision immediately, and then
to behave irrationally, provided there is no reasonable cause for rational behaviour. No
matter whether we talk about eating with a fork and a knife, or with chopsticks, combing our
hair in the morning or tidying our room, etc., these are all cases where traditional behaviour
is rational. Just as M. Weber, Schumpeter could not bring the principles of rationality to a
logical end. Schumpeter, for example, kept on using the term “field of rationality” in
explaining entrepreneurs’ behaviour. Furthermore, he confused the term “rationality in
conditions of incomplete information” with the term “irrational and variable behaviour”.
The contemporaly economics science have made up for all those flaws concerning the
definition of rationality, and it has brought the rationality principle to its logical end,
recognising the important role that time, transaction costs, expenses and information have in
everyday decisions.
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