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Economic Theory and the Hypothesis of Rationality

  • Arrow K
Palgrave Macmillan UK, (1990), 25-37
DOI: 10.1007/978-1-349-20568-4_8
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Abstract

In this paper, I want to disentangle some of the senses in which the hypothesis of rationality is used in economic theory. In particular, I want to stress that rationality is not a property of the individual alone, although it is usually presented that way. Rather,...

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APA

Arrow, K. J. (1990). Economic Theory and the Hypothesis of Rationality. In Utility and Probability (pp. 25–37). Palgrave Macmillan UK. https://doi.org/10.1007/978-1-349-20568-4_8

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