Locating Financial Capability Within Capability Approach - Theoretical Survey

• Autorzy: Tomasz Potocki

Warianty tytułu

Konceptualizacja wyborów finansowych na kanwie teorii możliwości wyboru - analiza teoretyczna

• Języki publikacji: EN

Abstrakty

EN

The integration of financial capability with the capability approach remains an open and challenging issue. This paper offers a theoretical exploration of the financial capability framed within Sen's capability approach in an interdisciplinary way. It focuses on the fundamental conceptual aspects of the capability approach, and on how we may use that framework for the development of financial capability theory. Moreover, the presented theoretical study addresses the issue of the critical role of constrained choice using Simon's bounded rationality and ecological rationality approach. We used one type of research and it is conceptual analysis. It helped us to better understand and explain the concept of financial capability and address three important issues related to that concept. In this paper, we offer a more transparent and consistent approach that takes into account theoretical evidence on financial capability. We complemented the financial capability literature by highlighting the critical role of the classic works of A. Sen and more recently the influential work of I. Robeyns. Thus, our headline finding is that using A. Sen's approach as a general framework for the financial capability may offer a more transparent and consistent approach to define financial capability.(original abstract)

Integracja teorii możliwości wyboru z koncepcją możliwości wyborów finansowych pozostaje otwartym problemem badawczym. Celem artykułu jest interdyscyplinarna analiza teoretyczna możliwości wyborów finansowych oparta na pierwotnej wersji teorii możliwości wyboru zaproponowanej przez A. Sena. W artykule podjęto próbę wykorzystania kluczowych komponentów teorii możliwości wyboru do stworzenia teoretycznych założeń koncepcji możliwości wyborów finansowych. Ponadto w artykule wykorzystano dorobek racjonalności ograniczonej H. Simona i dalszych jej rozszerzeń w ramach racjonalności adaptacyjnej. Do osiągnięcia celów wykorzystano analizę koncepcyjną. Pozwoliła ona na lepsze zrozumienie samego pojęcia możliwości wyborów finansowych i zaadresowanie trzech głównych wyzwań w jej zdefiniowaniu. W ten sposób zaproponowano bardziej transparentne i spójne podejście wykorzystujące dorobek teoretyczny w pracach nad możliwościami wyborów finansowych. Dodatkowo uzupełniono literaturę w tym zakresie o klasyczne prace A. Sena i ich dalsze rozwinięcia oferowane szczególnie w pracach I. Robeyns. Z tego powodu najważniejszym wnioskiem niniejszego artykułu jest rekomendacja wykorzystania prac A. Sena nad teorią możliwości wyboru jako warunków ramowych do definiowania możliwości wyborów finansowych. (abstrakt oryginalny)

Słowa kluczowe

EN

Rationality; Rational choice theory; Financial limitations; Financial assets; Possibility theory; Bounded rationality

PL

Racjonalność; Teoria racjonalnego wyboru (TRW); Ograniczenia finansowe; Aktywa finansowe; Teoria możliwości; Ograniczona racjonalność

• Czasopismo: Gospodarka Narodowa
• Rocznik: 2022
• Numer: nr 1
• Strony: 96--106

Twórcy

autor

Tomasz Potocki

• Chair of Financial Markets and Public Finance, University of Rzeszów, Poland

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Identyfikatory

DOI

10.33119/GN/147640