Format du dépôt |
Notice |
Type de dépôt |
Article dans une revue |
Titre |
en
Keynes’s methodology and the analysis of economic agent behavior in a complex world
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Résumé |
en
This article aims to analyze the impact of taking into account a truly uncertain and complex economic environment on the methodology used by Keynes. Our work leads to two main results. The first conclusion is that, even when an ordinal or cardinal measure of probability is impossible, Keynes provides a coherent set of tools for the analysis of economic decisions. In particular, even if a numerical probability cannot be determined, the choices of economic agents will be rationally governed by reasoning based on their limited but real knowledge of the observed reality and on non-numerical probabilities. The second result obtained is that the complex decision-making environment surrounding economic decisions influences the characterization of the individual actor himself and economic and social interactions; this form of economic analysis implies referring to a methodological conception which is open to and even requires the use of philosophy and other social sciences as cognitive psychology, social psychology and even anthropology.
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Auteur(s)
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Richard Arena
1
, Eric Nasica
1
1
GREDEG -
Groupe de Recherche en Droit, Economie et Gestion
( 185786 )
- GREDEG - Bâtiment 2 - Campus Azur du CNRS - 250 rue Albert Einstein - CS 10269 - F
06905 SOPHIA ANTIPOLIS Cedex
- France
-
Université Nice Sophia Antipolis (1965 - 2019) ( 117617 )
;
-
Centre National de la Recherche Scientifique UMR7321 ( 441569 )
;
-
Université Côte d'Azur UMR7321 ( 1039632 )
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Langue du document |
Anglais
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Nom de la revue |
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Vulgarisation |
Non
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Comité de lecture |
Oui
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Audience |
Internationale
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Date de publication |
2021
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Volume |
3
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Numéro |
131
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Page/Identifiant |
371-402
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Domaine(s) |
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Sciences de l'Homme et Société/Economies et finances
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Collaboration/Projet |
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Mots-clés (JEL) |
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B - History of Economic Thought, Methodology, and Heterodox Approaches
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B - History of Economic Thought, Methodology, and Heterodox Approaches/B.B2 - History of Economic Thought since 1925
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D - Microeconomics/D.D8 - Information, Knowledge, and Uncertainty
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D - Microeconomics/D.D9 - Micro-Based Behavioral Economics/D.D9.D91 - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making
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E - Macroeconomics and Monetary Economics/E.E1 - General Aggregative Models/E.E1.E12 - Keynes • Keynesian • Post-Keynesian
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E - Macroeconomics and Monetary Economics/E.E7 - Macro-Based Behavioral Economics/E.E7.E71 - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on the Macro Economy
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B - History of Economic Thought, Methodology, and Heterodox Approaches/B.B2 - History of Economic Thought since 1925/B.B2.B21 - Microeconomics
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B - History of Economic Thought, Methodology, and Heterodox Approaches/B.B2 - History of Economic Thought since 1925/B.B2.B22 - Macroeconomics
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B - History of Economic Thought, Methodology, and Heterodox Approaches/B.B3 - History of Economic Thought: Individuals/B.B3.B31 - Individuals
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B - History of Economic Thought, Methodology, and Heterodox Approaches/B.B4 - Economic Methodology/B.B4.B41 - Economic Methodology
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D - Microeconomics/D.D8 - Information, Knowledge, and Uncertainty/D.D8.D81 - Criteria for Decision-Making under Risk and Uncertainty
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D - Microeconomics/D.D8 - Information, Knowledge, and Uncertainty/D.D8.D84 - Expectations • Speculations
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Mots-clés |
en
Keynes’s methodology, Uncertainty, Complexity, Rationality, Logical probability, Treatise on Probability, Economic agent behavior, Philosophy, Psychology
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