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36 relations: Actor, Agency (philosophy), Agent (economics), Artificial intelligence, Bounded rationality, Cognitive science, Decision theory, Economics, Ethics, Evolutionary economics, Expected value, Felicific calculus, Free market, Game theory, Heterodoxy, Homo economicus, Institutional economics, Intelligent agent, Jeremy Bentham, Marginalism, Marketing, Mathematical optimization, Neoclassical economics, Neuroeconomics, Neuroscience, Practical reason, Preference, Psychology, Rational choice theory, Rationality, Software agent, Thorstein Veblen, Trade-off talking rational economic person, Traveler's dilemma, Uncertainty, Utilitarianism.
Actor
An actor (often actress for women; see terminology) is a person who portrays a character in a performance.
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Agency (philosophy)
Agency is the capacity of an actor to act in a given environment.
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Agent (economics)
In economics, an agent is an actor and more specifically a decision maker in a model of some aspect of the economy.
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Artificial intelligence
Artificial intelligence (AI, also machine intelligence, MI) is intelligence demonstrated by machines, in contrast to the natural intelligence (NI) displayed by humans and other animals.
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Bounded rationality
Bounded rationality is the idea that when individuals make decisions, their rationality is limited by the tractability of the decision problem, the cognitive limitations of their minds, and the time available to make the decision.
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Cognitive science
Cognitive science is the interdisciplinary, scientific study of the mind and its processes.
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Decision theory
Decision theory (or the theory of choice) is the study of the reasoning underlying an agent's choices.
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Economics
Economics is the social science that studies the production, distribution, and consumption of goods and services.
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Ethics
Ethics or moral philosophy is a branch of philosophy that involves systematizing, defending, and recommending concepts of right and wrong conduct.
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Evolutionary economics
Evolutionary economics is part of mainstream economics as well as a heterodox school of economic thought that is inspired by evolutionary biology.
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Expected value
In probability theory, the expected value of a random variable, intuitively, is the long-run average value of repetitions of the experiment it represents.
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Felicific calculus
The felicific calculus is an algorithm formulated by utilitarian philosopher Jeremy Bentham (1748–1832) for calculating the degree or amount of pleasure that a specific action is likely to cause.
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Free market
In economics, a free market is an idealized system in which the prices for goods and services are determined by the open market and consumers, in which the laws and forces of supply and demand are free from any intervention by a government, price-setting monopoly, or other authority.
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Game theory
Game theory is "the study of mathematical models of conflict and cooperation between intelligent rational decision-makers".
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Heterodoxy
Heterodoxy in a religious sense means "any opinions or doctrines at variance with an official or orthodox position".
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Homo economicus
The term homo economicus, or economic man, is a caricature of economic theory framed as a "mythical species" or word play on homo sapiens, and used in pedagogy.
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Institutional economics
Institutional economics focuses on understanding the role of the evolutionary process and the role of institutions in shaping economic behaviour.
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Intelligent agent
In artificial intelligence, an intelligent agent (IA) is an autonomous entity which observes through sensors and acts upon an environment using actuators (i.e. it is an agent) and directs its activity towards achieving goals (i.e. it is "rational", as defined in economics).
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Jeremy Bentham
Jeremy Bentham (15 February 1748 – 6 June 1832) was an English philosopher, jurist, and social reformer regarded as the founder of modern utilitarianism.
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Marginalism
Marginalism is a theory of economics that attempts to explain the discrepancy in the value of goods and services by reference to their secondary, or marginal, utility.
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Marketing
Marketing is the study and management of exchange relationships.
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Mathematical optimization
In mathematics, computer science and operations research, mathematical optimization or mathematical programming, alternatively spelled optimisation, is the selection of a best element (with regard to some criterion) from some set of available alternatives.
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Neoclassical economics
Neoclassical economics is an approach to economics focusing on the determination of goods, outputs, and income distributions in markets through supply and demand.
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Neuroeconomics
Neuroeconomics and Economic Psychology is an interdisciplinary field that seeks to explain human decision making, the ability to process multiple alternatives and to follow a course of action.
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Neuroscience
Neuroscience (or neurobiology) is the scientific study of the nervous system.
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Practical reason
In philosophy, practical reason is the use of reason to decide how to act.
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Preference
A preference is a technical term in psychology, economics and philosophy usually used in relation to choosing between alternatives; someone has a preference for A over B if they would choose A rather than B.
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Psychology
Psychology is the science of behavior and mind, including conscious and unconscious phenomena, as well as feeling and thought.
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Rational choice theory
Rational choice theory, also known as choice theory or rational action theory, is a framework for understanding and often formally modeling social and economic behavior.
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Rationality
Rationality is the quality or state of being rational – that is, being based on or agreeable to reason.
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Software agent
In computer science, a software agent is a computer program that acts for a user or other program in a relationship of agency, which derives from the Latin agere (to do): an agreement to act on one's behalf.
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Thorstein Veblen
Thorstein Bunde Veblen (born Torsten Bunde Veblen; July 30, 1857 – August 3, 1929), a Norwegian-American economist and sociologist, became famous as a witty critic of capitalism.
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Trade-off talking rational economic person
Trade-off talking rational economic person (TOTREP) is one term, among various, used to denote, in the field of choice analysis, the rational, human agent of economic decisions.
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Traveler's dilemma
In game theory, the traveler's dilemma (sometimes abbreviated TD) is a type of non-zero-sum game in which two players attempt to maximize their own payoff, without any concern for the other player's payoff.
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Uncertainty
Uncertainty has been called "an unintelligible expression without a straightforward description".
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Utilitarianism
Utilitarianism is an ethical theory that states that the best action is the one that maximizes utility.
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References
[1] https://en.wikipedia.org/wiki/Rational_agent
