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  • 标题:Economic and Emotional Rationality: An Application to Wealth Concentration
  • 本地全文:下载
  • 作者:Jose Rigoberto Parada-Daza ; Miguel Ignacio Parada-Contzen
  • 期刊名称:Theoretical Economics Letters
  • 印刷版ISSN:2162-2078
  • 电子版ISSN:2162-2086
  • 出版年度:2013
  • 卷号:3
  • 期号:4
  • 页码:233-244
  • DOI:10.4236/tel.2013.34040
  • 出版社:Scientific Research Publishing
  • 摘要:This Paper presents a theoretical outline regarding the Emotional Well-being (EW) function as an extension of the economic utility function. EW includes habitual factors that are always present in everyday decision making. Firstly, an analytical-mathematical conceptualization of EW is carried out, followed by a study of the concept of emotional security, in order to define a new idea of emotional rationality as a complement to economic rationality. An explanation is put forth, as an application, of the concentration of wealth phenomenon according to the focus on economic and emotional rationality. The conclusion is that EW is a theoretical approach which can clarify the understanding of the decision making process in economics activities.
  • 关键词:Utility Function; Emotional Well-Being; Economic Rationality; Emotional Rationality; Concentration of Wealth
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