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Rethinking basically Economic Assumption on Individual Behavior from Empirical Viewpoints of Evolution and Behavior

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  • Zhao, Liang

Abstract

Building on the predecessors' thoughts and modern researches from empirical disciplines, and with thinking over the behavior assumption usually held and used by mainstream economics, the paper generalizes three basic assumptions and one explanatory framework on human individual behavior and its process, and stresses hierarchical characteristics in preferences, heterogeneity between learning capacity and learning and, human dealing with and reducing uncertainty from environments in the process of natural evolution, and rethinks the questions of individual rationality, acquirement of behavior mode, intellectual history on "knowledge" in the level of experientialism. The purpose is that along the path of "falsifying a theory" and with the help of empirical results, the paper trys to propose behavioral presuppositions and thinking framework, so that enhancing the effectiveness of economic theory on explaining individual behavior in real situations, and in the end advancing transdisciplinary researches between the empirical and social sciences.

Suggested Citation

  • Zhao, Liang, 2008. "Rethinking basically Economic Assumption on Individual Behavior from Empirical Viewpoints of Evolution and Behavior," MPRA Paper 11152, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:11152
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    File URL: https://mpra.ub.uni-muenchen.de/11152/1/MPRA_paper_11152.pdf
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    References listed on IDEAS

    as
    1. J. Kiley Hamlin & Karen Wynn & Paul Bloom, 2007. "Social evaluation by preverbal infants," Nature, Nature, vol. 450(7169), pages 557-559, November.
    2. Ayumu Tashiro & Vladislav M. Sandler & Nicolas Toni & Chunmei Zhao & Fred H. Gage, 2006. "NMDA-receptor-mediated, cell-specific integration of new neurons in adult dentate gyrus," Nature, Nature, vol. 442(7105), pages 929-933, August.
    3. Vernon L. Smith, 2003. "Constructivist and Ecological Rationality in Economics," American Economic Review, American Economic Association, vol. 93(3), pages 465-508, June.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    assumption; explanatory framework; individual behavior; hierarchical preference; learning capacity; knowledge; evolutionary process; empirical substrate; transdiscipline;
    All these keywords.

    JEL classification:

    • B21 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Microeconomics
    • B31 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - Individuals
    • A12 - General Economics and Teaching - - General Economics - - - Relation of Economics to Other Disciplines
    • D8 - Microeconomics - - Information, Knowledge, and Uncertainty
    • B59 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Other
    • Y80 - Miscellaneous Categories - - Related Disciplines - - - Related Disciplines
    • D01 - Microeconomics - - General - - - Microeconomic Behavior: Underlying Principles

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