Theoretical approaches to analysis of economic behavior under conditions of macroeconomic and institutional changes Cover Image

Теоретичні підходи до аналізу економічної поведінки в умовах макроекономічних та інституціональних змін
Theoretical approaches to analysis of economic behavior under conditions of macroeconomic and institutional changes

Author(s): O. O. Nabatova
Subject(s): National Economy, Behaviorism
Published by: Національний юридичний університет імені Ярослава Мудрого
Keywords: Economic behavior; irrationality; bounded rationality; behavioral economics; heuristics;

Summary/Abstract: The article summarizes and compares economic, social, and psychological approaches to human behavior examination, researches evolution of a concept «rationality», and analyzes institutional and psychological factors affecting economic behavior. The author has paid special attention to achievements of behavioral economics regarding detection of cognitive and behavioral errors in the decision making process under uncertainty conditions.

  • Issue Year: 2/2015
  • Issue No: 21
  • Page Range: 74-85
  • Page Count: 12
  • Language: Ukrainian