D 2015

Decision - Making in Economic Theory

MÁČE, Jan, David ZEMAN and František HŘEBÍK

Basic information

Original name

Decision - Making in Economic Theory

Name in Czech

Teorie rozhodování v ekonomické teorii

Authors

MÁČE, Jan, David ZEMAN and František HŘEBÍK

Edition

první. Zagreb, p. 151-156, 6 pp. 2015

Publisher

Faculty of Teacher Education of the University of Zagreb

Other information

Language

English

Type of outcome

Stať ve sborníku

Field of Study

50200 5.2 Economics and Business

Country of publisher

Croatia

Confidentiality degree

není předmětem státního či obchodního tajemství

Publication form

printed version "print"

Organization unit

University College Prague – University of International Relations and Institute of Hospitality Management and Economics, Ltd.

Keywords (in Czech)

teorie racionálního rozhodování, heuristická metoda, cognitivní psychologie, rozhodování za nejistoty, Allaisův paradox,

Keywords in English

theory of rational decision-making, heuristic method, cognitive psychology, decision making under uncertainty, the Allais paradox

Tags

International impact, Reviewed
Změněno: 1/6/2016 13:22, PhDr. Jan Máče, Ph.D.

Abstract

V originále

The basis of economic decision-making processes are always individual entities. Traditional economic science assumes that individual actors behave rationally and have only one aim in their decision-making, which is to maximize expected utility. The authors of modern economic theory, however, have come to realize that the decision-making of economic agents is a much more complicated process, which includes psychological factors. The basis of economic decision-making processes are always individual entities. Traditional economic science assumes that individual actors behave rationally and have only one aim in their decision-making, which is to maximize expected utility. The authors of modern economic theory, however, have come to realize that the decision-making of economic agents is a much more complicated process, which includes psychological factors.