Economía conductual, irracionalidad e incertidumbre en la Unión Europea

The decision-making process on the behalf of a person and institutions has been considered, under the economic conventional assumption, as a rational process developed in a complete information context. However, reality has proved the excessive simplicity and the lack of realism of such assumption....

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Bibliographic Details
Published in:Estudios de economía aplicada 2018-01, Vol.36 (1), p.49-66
Main Authors: Miranda Escolar, Belen, FERNÁNDEZ ARUFE, JOSEFA E
Format: Article
Language:eng ; spa
Subjects:
Behavioral Economics
Decision making
Economic policy
Economía conductual
European Union
incertidumbre
irracionalidad
Irrationality
Uncertainty
Unión Europea
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Summary:The decision-making process on the behalf of a person and institutions has been considered, under the economic conventional assumption, as a rational process developed in a complete information context. However, reality has proved the excessive simplicity and the lack of realism of such assumption. This paper analyzes the decision-making process from a theoretical perspective and it asks if behavioral economics can help us to understand some recent events that suppose uncertainty in the European architecture and question some traditional instruments of economic policy.
ISSN:1133-3197
1697-5731
1697-5731