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Economicus: Assumptions of a Neoclassical Theory of Behavior and Their Implications—My Take

In: Deconstructing Behavior, Choice, and Well-being

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  • Edward R. Morey

    (University of Colorado)

Abstract

My account of neoclassical choice theory, NCT, differs from yours. If not, it is not worth pondering. My perspective is broad, including risk, uncertainty, and beliefs. Everything you care about is included, plus all your constraints. Individual plants, machines, and animals might be economici. Humans? This chapter emphasizes the assumptions and definitions: standard ones are deconstructed, and implicit ones are identified. They and what follows from their different subsets is the focus of this chapter, not judgment.

Suggested Citation

  • Edward R. Morey, 2023. "Economicus: Assumptions of a Neoclassical Theory of Behavior and Their Implications—My Take," Springer Books, in: Deconstructing Behavior, Choice, and Well-being, chapter 0, pages 15-72, Springer.
    • Handle: RePEc:spr:sprchp:978-3-031-36712-0_2
    DOI: 10.1007/978-3-031-36712-0_2
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    Keywords

    Behavior; Choice; Economicus;
    All these keywords.

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