Behavioral and heuristic models are as-if models too — and that’s ok
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Keywords
Decision theory; Expected Utility theory; Cumulative Prospect Theory; Priority Heuristic model; Scientific antirealism; Mechanistic explanation;All these keywords.
NEP fields
This paper has been announced in the following NEP Reports:- NEP-CWA-2022-04-18 (Central and Western Asia)
- NEP-EVO-2022-04-18 (Evolutionary Economics)
- NEP-HPE-2022-04-18 (History and Philosophy of Economics)
- NEP-UPT-2022-04-18 (Utility Models and Prospect Theory)
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