Title: The Modification of Rational Hypothesis of Traditional Economics from the Aspect of Behavioral Economics
Abstract: Based on the depiction of developing skeleton of orthodox economics, a new research aspect is proposed to analyse the developing process and developing direction. It is worth pointing out that the existing limitations motivate some key economics propositions′ to perfect from the total ration to the limited ration state, meanwhile induce the appearance and development of behavioral economics. The conclusion indicates that the modification of rational hypothesis of traditional economics cause the amalgamation of standard economics via analysis of real person′s mind and behavior and behavioral economics which improve the interpreted capability and validity of modern economics.
Publication Year: 2004
Publication Date: 2004-01-01
Language: en
Type: article
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