The R.B.Q. (Rational, Behavioral and Quantified) Model

Ekonomika, 2019, vol. 98(1), pp. 6–18, DOI/10.15388/Ekon.2019.1.1

14 Pages Posted: 17 May 2019

Date Written: April 17, 2019

Abstract

This paper is about the classic methods used in the analysis of economics. More precisely, the R.B.Q. (Rational, Behavioral, and Quantified) model is about rational economics and behavioral economic analysis in conjunction with the quantification procedure (Q.E. method). Therefore, in this work are submitted the most common methodological approaches used in economics including a form of their combination. What follows is a critical examination that extendedly scrutinizes the terminology of axiomatic methods. One of the aims of this paper to represent the special characteristics of rational economics in comparison to the case of behavioral economics. Then provided is an analysis wherein the issues relevant to this are represented, and on the basis of which the main differences between the two concepts are showed. Hence, the aim here is to show the crucial attributes of these concepts. This study also uses a quantification method to show the behavior of these two economic theories within their relation to one another, demonstrating a complete view of them in a single economic model.

Keywords: rational/behavioral, Keynesian, Neoclassical, axiomatics, quantification (Q.E. method)

Suggested Citation

Challoumis, Constantinos, The R.B.Q. (Rational, Behavioral and Quantified) Model (April 17, 2019). Ekonomika, 2019, vol. 98(1), pp. 6–18, DOI/10.15388/Ekon.2019.1.1, Available at SSRN: https://ssrn.com/abstract=3373775

Constantinos Challoumis (Contact Author)

National and Kapodistrian University of Athens ( email )

Athens

Do you have negative results from your research you’d like to share?

Paper statistics

Downloads
33
Abstract Views
269
PlumX Metrics