Semi-normative theories based on bounded reality
Article Abstract:
Descriptive economic theories were classified by qualitative properties which fulfill assumptions of bounded rationality. The consistency of expectations and type of effect of the payoff- or goal-variable has on strategic variables determine the degree of rationality. It was postulated that the building blocks for a theory of bounded rationality must be based on repeated experiments and not just one-shot experiments.
Publication Name: Journal of Economic Psychology
Subject: Psychology and mental health
ISSN: 0167-4870
Year: 1992
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Public Acceptance of Consumer Energy Conservation Strategies
Article Abstract:
Alternative strategies for promoting energy conservation are compared. The programs examined are: financial incentives, community programs, efficiency standards, land- use changes, consumption limits, and price increases. Financial incentives bring the highest public acceptance. A program of combined strategies is advocated.
Publication Name: Journal of Economic Psychology
Subject: Psychology and mental health
ISSN: 0167-4870
Year: 1983
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