La decisione in economia tra razionalità ed evoluzione teorica

Titolo Rivista ECONOMIA PUBBLICA
Autori/Curatori Alessandro Morselli
Anno di pubblicazione 2014 Fascicolo 2014/2
Lingua Italiano Numero pagine 30 P. 23-52 Dimensione file 240 KB
DOI 10.3280/EP2014-002002
Il DOI è il codice a barre della proprietà intellettuale: per saperne di più clicca qui

Qui sotto puoi vedere in anteprima la prima pagina di questo articolo.

Se questo articolo ti interessa, lo puoi acquistare (e scaricare in formato pdf) seguendo le facili indicazioni per acquistare il download credit. Acquista Download Credits per scaricare questo Articolo in formato PDF

Anteprima articolo

FrancoAngeli è membro della Publishers International Linking Association, Inc (PILA)associazione indipendente e non profit per facilitare (attraverso i servizi tecnologici implementati da CrossRef.org) l’accesso degli studiosi ai contenuti digitali nelle pubblicazioni professionali e scientifiche

The main research on the cognitive foundations of the economy has claimed for years that there is a clear separation between the theory of economic rationality and the psychology of reasoning and economic decision. The relationship between the two disciplines is becoming increasingly cogent and contaminant. Economics offers normative theories about what it means to decide rationally. Psychology offers an explanation as to why the average individual often makes irrational decisions. The role of intuition in decision-making as well as the effect of emotions are also of significant relevance. The theme of rationality, having to encompass both Economics and Psychology is best addressed by limiting the definitions of the term ‘rational’, which in its common usage is used for ‘reasonable’ and/or ‘acceptable to reason’. Economics and psychology may agree on a point of coherence rather than one of substance (Legrenzi e Girotto, 1996). In general, according to orthodox theory, one of the root causes of the presumed failures of human decision processes is the notion of ‘Bounded Rationality’ (Simon, 1972). It is from this concept that we have started to conduct our analysis on the complexity of economic phenomena and processes that guide the choices of individuals, mindful of the contaminant relationship between economics and psychology.;

Keywords:Decision, economy, psychology, rationality.

Jel codes:B4; D81; D83

  1. Allais M. (1953). Le comportement de l’homme rationnel devant le risque: critique des postulats et axiomes de l’ecole americane. Econometrica, 21: 503-546. DOI: 10.2307/1907921
  2. Alchian A.A. (1969). Information Costs, Pricing and Resource Unemployment. Economic Enquiry, 7: 109-128. DOI: 10.1111/j.1465-7295.1969.tb01469.x
  3. Arrow K.J. and Debreu G. (1954). Existence of an Equilibrium for a Competitive Economy, Econometrica, 22: 265-290. DOI: 10.2307/1907353
  4. Camerer C. (1995). Individual Decision Making. In: Kagel J. and Roth A. (eds.). Handbook of Experimental Economics. Princeton: Princeton University Press, 587-590.
  5. Camerer C.F. (2003). Behavioral Game Theory. Princeton: Princeton University Press.
  6. Charness G. and Rabin M. (2002). Understanding Social Preferences with Simple Test. Quarterly Journal of Economics, 117: 817-869. DOI: 10.1162/003355302760193904
  7. Metcalfe J.S. (1998). Evolutionary Economics and Creative Destruction. London: Routledge.
  8. Morselli A. (2010). La crisi del capitalismo finanziario americano. Troina, Citta Aperta Edizioni/Kore University Press, 42.
  9. Coase R.H. (1937). The nature of the firm. Economica, 4, 16: 386-405. DOI: 10.1111/j.1468-0335.1937.tb00002.x.DosiG.,NelsonR.R.andWinterG.S.(2000).Introduction:TheNatureandDynamicsofOrganizationalCapabilities.In:DosiG.,NelsonR.R.andWinterG.S.TheNatureandDynamicsofOrganizationalCapabilities.Oxford:OxfordUniversityPress,1-22
  10. Dosi G., Marengo L. and Fagiolo G. (2005). Learning in Evolutionary Environments. In: Dopfer K. (ed.). The Evolutionary Foundations of Economics. Cambridge: Cambridge University Press.
  11. Egidi M. and Rizzello S. (2004). Cognitive Economics: Foundations and Historical Roots. In: Egidi M. and Rizzello S., Cognitive Economics, Aldershot: Elgar, 1-22.
  12. Epstein S. (1994). Integration of the Cognitive and the Psychodynamic Unconscious. American Psychologist, 49: 709-724. DOI: 10.1037//0003-066x.49.8.709
  13. Evans Jonathan St. B.T. and Over D.E. (1996). Rationality in the Selection Task: Epistemic Utility Versus Uncertainty Reduction. Psychological Review, 103: 356-363. DOI: 10.1037//0033-295x.103.2.356
  14. Farmer R.E.A. and Khramov V. (2013). Solving and Estimating Indeterminate DSGE Models, http://www.nber.org/papers/w19457. DOI: 10.3386/w19457
  15. Geanakoplos J., Pearce D. and Stacchetti E. (1989). Psychological Games and Sequential Rationality. Games and Economic Behavior, 1: 60-79. DOI: 10.1016/0899-8256(89)90005-5
  16. Gigerenzer G. and Todd P.M. (1999). Simple Heuristics that Make Us Smart. New York: Oxford University Press.
  17. Gul F. (1991). A Theory of Disappointment Aversion. Econometrica, 59: 667-686. DOI: 10.2307/2938223
  18. Heiner R.A. (1983). The Origin of Predictable Behaviour. American Economic Review, 73: 560-595. DOI: 10.1016/0167-2681(89)90057-7
  19. Herbert A. Simon (1972). Theories of Bounded Rationality. In: McGuire C.B. and Radner R. (eds.). Decision and Organization: a Volume in Honor of Jacob Marschak. Amsterdam: North-Holland: 161-176.
  20. Herbert A. Simon (1987). Rationality in Psychology and Economics. In: Hogarth R.M. and Reder R.W. (eds.). Rational Choice. Chicago: Chicago University Press.
  21. Herbert A. Simon (1990). Alternative Vision of Rationality. In: Moser P.K. (ed.). Rationality in Action: Contemporary Approaches. New York: Cambridge University Press: 189-204.
  22. Herbert A. Simon (1991). Organizations and Markets. Journal of Economic Perspectives, 5: 25-44. DOI: 10.1257/jep.5.2.25
  23. Heymann D. and Leijonhufvud A. (1995). High Inflation. Oxford: Oxford University Press.
  24. Kahneman D. and Tversky A. (1979). Prospect Theory: an Analysis of Decision under Risk. Econometrica, 47: 263-291. DOI: 10.2307/1914185
  25. Kahneman D. (2003). A Psychological Perspective on Economics. American Economic Review, 93: 162-168. DOI: 10.1257/000282803321946985
  26. Langlois R.N. (1986). Economics as a Process: Essays in the New Institutional Economics. Cambridge, Cambridge University Press. Latsis S.J. (1972). Situational Determinism in Economics. The British Journal for the Philosophy of Science, 23: 207-245. DOI: 10.1093/bjps/23.3.207
  27. Legrenzi P. and Girotto V. (1996). Mental Models in Reasoning and Decision Making Processes. In: Oakhill J. and Garnham A. (eds.). Mental Models in Cognitive Science. Hove, Sussex, Erlbaum UK, Taylor and Francis, Psychology Press: 95-118.
  28. Legrenzi P. (2003). Naive Probability. In: Galavotti M.C. (ed.). Observation and Experiment in Natural and Social Sciences. Amsterdam: Kluwer: 200-227.
  29. Loomes G. and Sugden R. (1982). Regret Theory: an Alternative Theory of Rational Choice under Uncertainty. The Economic Journal, 92: 805-824. DOI: 10.2307/2232669
  30. Morselli A. (2013). Cooperative or Non-cooperative Solution to an Optimal Fiscal Policy in the European Monetary Union. Journal of Game Theory, 2: 9-12. DOI: 10.5923/j.jgt.20130202.01
  31. Nash J. (1951). Non-cooperative Games. Annals of Mathematics, 54: 286-295. DOI: 10.2307/1969529
  32. Preston J. Miller (1994). The Rational Expectations Revolution: Readings from the Front Line. Cambridge: MIT Press.
  33. Rubinstein A. (2003). Economics and Psychology? The Case of Hyperbolic Discounting. International Economic Review, 44: 1207-1216. DOI: 10.1111/1468-2354.t01-1-00106
  34. Savage L. (1954). The Foundations of Statistics. New York: John Wiley and Sons.
  35. Schumpeter J.A. (2002). Teoria dello sviluppo economico. Milano: ETAS.
  36. Stigler G.J. (1961). The Economics of Information. Journal of Political Economy, 69: 213-225. DOI: 10.1086/258464
  37. Thaler R.H. (1994). Quasi Rational Economics. New York: Russell Sage Foundation.
  38. Tversky A. and Kahneman D. (1981). The Framing of Decisions and the Psychology of Choice. Science, 211: 453-458. DOI: 10.1126/science.7455683
  39. Viale R. (1997). Teoria cognitiva della razionalita o del ragionamento scientifico? Sistemi Intelligenti, IX, 2: 227-258.
  40. Vigna C. (2000). Il frammento e l’intero, indagini sul senso dell’essere e sulla stabilità del sapere. Milano: Vita e Pensiero.
  41. von Neumann J. and Morgenstern O. (1944). Theory of Games and Economic Behavior. Princeton: Princeton University Press.
  42. Walliser B. (1989). Instrumental Rationality and Cognitive Rationality. Theory and Decision, 27: 7-36. DOI: 10.1007/bf00133986
  43. Walliser B. (2000). L’economie cognitive, Paris: Editions Odile Jacob.
  44. Weisbuch G., Kirman A. and Herreiner D. (2000). Market Organisation and Trading Relationships. Economic Journal, 110: 411-436. DOI: 10.1111/1468-0297.00531
  45. Williamson O.E. (1993). Transaction Cost Economics and Organization Theory. Institutional and Corporate Change, 2: 107-156. DOI: 10.1093/icc/2.1.107

Alessandro Morselli, La decisione in economia tra razionalità ed evoluzione teorica in "ECONOMIA PUBBLICA " 2/2014, pp 23-52, DOI: 10.3280/EP2014-002002