Revista OEconomica

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Ana Octavia ALBU - When Accurate Forecasts Still Produce Waste: Demand Shocks and Over-Forecasting Risk in Food Retail

Adrian-Ioan DAMOC - The Persian Pivot and the Reconfiguration of Geopolitical Realism: Iran and Venezuela in Strategic Competition among the United States, China, and Russia

Emmanuel Olusegun STOBER - Coercive Diplomacy in the Gulf and the Limits of the Strike-Forward Strategy: Toward a Middle-Power Coalition for Regional Stability

Sorin-Nicolae CURCĂ - On the Informational Entropy of Economic Shock

Florin DĂNESCU - The Banking Sector as Critical Infrastructure in the Logic of Hybrid Conflict: Post-2014 Legislative Convergence in Central and Eastern Europe and the Case of Romania

Alexandru POPOVICI - The Contribution of the Music Industry to GDP and Employment: A Comparative Analysis

Mohammed AL-NASSERY - Implications of the War in the Middle East: An Analysis of the Economic, Security, Humanitarian, and Political Dimensions

Mihai LĂCĂTUŞ - GDP as a Means, Not an End: Inequality as the Missing Variable in Fiscal Policy Design – A 60-Country Analysis of Economic Growth and Subjective Well-Being

Articles on Issue Theme

Emil DINGA

Academia Română

The paper discusses some issues regarding the irrationality as an inherent ingredient of any effective (real) rationality model, and, consequently, of any decision or action. To this end the ways (channels) through which the irrationality occurs are examined, establishing three categories of possible irrationality: α-irrationality, β-irrationality, and γ-irrationality (containing a sub-category called γ^'-irrationality). The α-irrationality is analysed vs. Kuhn, Gödel, Heisenberg, and Nicolesco proposals. The standard rationality entered by the irrationality categories is called q-rationality, and is analysed vs. three essays to adjust the genuine rationality model of homo œconomicus (Smith): bounded rationality (Simon), anticipations, and expectations.

ŒCONOMICA no. 3/2015

Keywords: irrationality, rationality, q-rationality, para-rationality, rationality model

JEL: B41, C00, E17

Q-Rationality [Q-Raţionalitatea]

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