What is the role of rationality in neoclassical models?

Neoclassical economists argue that behavioral biases cannot survive in competitive markets and question the relevance of behavioral insights for economic policy ... Apr 7, 2025 ... Going beyond neoclassical economic theory, Nelson and Winter (1985) described consequences of dynamic processes of innovation in ... Apr 8, 2017 ... In each case, the research endeavour involved challenges to the assumptions and methods of the same neoclassical economic theory that Arrow had ... Economic approaches criticising equilibrium thinking and advancing a computational view of the economy have recently challenged the neoclassical economics ... Feb 3, 2023 ... The documents may come from teaching and research institutions in France or abroad, or from public or private research centers. L'archive ... Aug 27, 2012 ... Pingback: Economists This Week: What is neoclassical economics? ... informational assumptions underlying formal models. There is a lot ... This research focuses on testing Mexicans' economic and non-economic motivations to migrate ... neoclassical economics and the social capital theory. First, ... However, in the late 1980s and early 1990s, international economic research community did not understand much about China's reform, and many economists were far ... Dec 18, 2016 ... The central research domains of neoclassical economics are: microeconomics, which analyses the behaviour of households and firms; macroeconomics ... Apart from his research on asymmetric information, Akerlof has developed economic theory with insights from sociology and social anthropology. His most ...