The Big-bang Strategy and Non-rational Behavior in the Russian Transitional Economy in the 1990s

• Published in: Економічний вісник Донбасу
• Date: 2015
• Main Author: Rozmainsky, I.V.
• Format: Article
• Language: Ukrainian
• Published: Інститут економіки промисловості НАН України 2015
• Subjects: Economic Theory
• Online Access: https://nasplib.isofts.kiev.ua/handle/123456789/109312
• Journal Title: Digital Library of Periodicals of National Academy of Sciences of Ukraine
• Cite this: The Big-bang Strategy and Non-rational Behavior in the Russian Transitional Economy in the 1990s / I.V. Rozmainsky // Економічний вісник Донбасу. — 2015. — № 4 (42). — С. 12-17. — Бібліогр.: 27 назв. — англ.

The paper offers the following hypothesis: the Big Band (Shock Therapy) strategy of the 1990s in Russia has led to more non-rational behavior of the ordinary Russian people. The point is that in order to make completely rational decisions a person needs avoid both lack of information and information...