Work

Morality as a fundamental element in the decision-making process: A critical essay

Year: 2022
Type: dissertation
Abstract: Morality has been, for the past 2500 years, a central dimension when discussing human behaviour. Economics, however, adopted a simplified model of economic actor, the Homo Economicus, which largely ignores social and psychological dimension of the decision-making process in favour of an account that stresses utility maximization as the ultimate goal for the decision maker. This has resulted in several criticisms that have stressed, among other things, the lack of ontological realism of this model. Furthermore, contributions from the field of psychology and behavioural sciences have stressed the importance of morality in the decision-making process. In this dissertation, I will engage with contributions from several field of inquiry to criticise the current model of economic actor and discuss the implications that these findings have for policy making.
Author: Freitas, Mauro Daniel Taborda Pereira de Sousa e
Language: English
Open Access status: green
OpenAlex ID: W7021068462
Cites: 48
Cited by:
Related to: 10