The rationality of adaptive decision-making and the feasibility of optimal growth planning
Abstract Rationality, the premise of economics, is an ideal behavioral norm. In the real world, however, intertemporal decision-making is based on adaptive behavioral principles from companies to individual households. It bases on managerial accounting procedures, whereby action plans are formulated...
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| Format: | Article |
| Language: | English |
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Springer Nature
2023-04-01
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| Series: | Humanities & Social Sciences Communications |
| Online Access: | https://doi.org/10.1057/s41599-023-01667-1 |