{"product_id":"rationality-in-economics-constructivist-and-ecological-forms-paperback-9780521133388","title":"Rationality in Economics; Constructivist and Ecological Forms (Paperback) 9780521133388","description":"\u003cfont face=\"Georgia\"\u003e\r\n\u003cp\u003e\u003cfont size=\"6\"\u003eRationality in Economics\u003c\/font\u003e\u003cbr\u003e\r\n\u003cfont size=\"5\"\u003eConstructivist and Ecological Forms\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cem\u003eThis book explores constructivist and ecological approaches to rationality in economics.\u003c\/em\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003cp\u003e\u003cfont size=\"4\"\u003eVernon L. Smith (Author)\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e9780521133388, Cambridge University Press\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003ePaperback, published 12 October 2009\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e386 pages, 10 tables\u003cbr\u003e22.6 x 15.2 x 1.3 cm, 0.52 kg\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\u003cp align=\"justify\"\u003e\u003cem\u003e\u003cfont size=\"3\"\u003e'… a rich book that is full of stimulating ideas …' History of Economic Ideas\u003c\/font\u003e\u003c\/em\u003e\u003c\/p\u003e\r\n\r\n\u003cp align=\"justify\"\u003e\u003cstrong\u003e\u003cfont size=\"3\"\u003eThe principal findings of experimental economics are that impersonal exchange in markets converges in repeated interaction to the equilibrium states implied by economic theory, under information conditions far weaker than specified in the theory. In personal, social, and economic exchange, as studied in two-person games, cooperation exceeds the prediction of traditional game theory. This book relates these two findings to field studies and applications and integrates them with the main themes of the Scottish Enlightenment and with the thoughts of F. A. Hayek: through emergent socio-economic institutions and cultural norms, people achieve ends that are unintended and poorly understood. In cultural changes, the role of constructivism, or reason, is to provide variation, and the role of ecological processes is to select the norms and institutions that serve the fitness needs of societies.\u003c\/font\u003e\u003c\/strong\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003ePart I. Rationality, Markets, and Institutions: 1. Rediscovering the Scottish philosophers\u003cbr\u003e 2. On two forms of rationality\u003cbr\u003e Part II. Impersonal Exchange: The Extended Order of the Market: 3. Relating the two concepts of a rational order\u003cbr\u003e 4. Market institutions and performance\u003cbr\u003e 5. Asymmetric information and equilibrium without process\u003cbr\u003e 6. Spectrum auctions and combinatorial designs: theory and experiment\u003cbr\u003e 7. Psychology and markets\u003cbr\u003e 8. What is rationality?\u003cbr\u003e Part III. Personal Social Exchange: 9. Emergent order without the law\u003cbr\u003e 10. The effects of context on behavior\u003cbr\u003e Appendix: behavioral deviation from prediction: error, confusion, or evidence of brain function?\u003cbr\u003e 11. Investment trust games: effects of gains from exchange in dictator giving\u003cbr\u003e 12. Reciprocity in trust games\u003cbr\u003e Part IV. Order and Rationality in Method and Mind: 13. Rationality in science\u003cbr\u003e 14. Neuroeconomics: the internal order of the mind\u003cbr\u003e 15. A summary.\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eSubject Areas: Economics [\u003ca title=\"See our other books on Economics\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22Economics%20%5BKC%5D%22\"\u003eKC\u003c\/a\u003e], Psychology [\u003ca title=\"See our other books on Psychology\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22Psychology%20%5BJM%5D%22\"\u003eJM\u003c\/a\u003e], History of ideas [\u003ca title=\"See our other books on History of ideas\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22History%20of%20ideas%20%5BJFCX%5D%22\"\u003eJFCX\u003c\/a\u003e]\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003c\/font\u003e","brand":"Cambridge University Press","offers":[{"title":"Default Title","offer_id":46003599081752,"sku":"9780521133388","price":31.89,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0730\/2037\/5320\/products\/9780521133388i_eefac2a2-b33d-4fca-aa62-ffa49e7eb27c.jpg?v=1691372150","url":"https:\/\/freshlyprintedbooks.co.uk\/products\/rationality-in-economics-constructivist-and-ecological-forms-paperback-9780521133388","provider":"Freshly Printed Books","version":"1.0","type":"link"}