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On the Meaning and Function of Normative Analysis: Conceptual Blur in the Rationality Debate?

By David R. Mandel


The rationality debate centers on the meaning of deviations of decision makers ' responses from the predictions/prescriptions of normative models. But for the debate to have significance, the meaning and functions of normative analysis must be clear. Presently, they are not, and the debate's persistence owes much to conceptual blur. An attempt to clarify the concept of normative analysis was undertaken

Topics: normative analysis, descriptive analysis, prescriptive analysis
Year: 2011
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