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Article

The rationality of irrational decisions: A new perspective of behavioral economics

Published in: Int. J. Economics and Business Research

Mar 22, 2019

/ Mahmoud Askari / Ghaleb El Refae

This paper is an attempt to contribute to the field of behavioral economics by proposing a new perspective of utility and rational decision making. We use the method of Thought Experiment, as well as, hypothetical examples of decision making to explain the rationality of decisions that might be seen by economics as irrational. We hypothesize that all decisions are rational at the individual level, and that all decisions are justified by decision makers and maximize the decision maker’s percei...


Article

The effect of intrinsic and extrinsic factors on entrepreneurial intentions: The moderating role of collectivist orientation

Published in: Management Decision

Mar 11, 2019

/ Mariam Farooq

Purpose – The purpose of this paper is to investigate how and when intrinsic (personal growth, affiliation, community contribution, health) and extrinsic (financial success, fame, physical appearance) goals affect individuals’ entrepreneurial intentions (EIs). The study uses goal contents theory to propose that intrinsic and extrinsic goals positively influence individuals’ EIs. The authors further argue that the collectivism moderates the effect of intrinsic and extrinsic goals on individu...

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