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Rationality in Economics: Theory and Evidence
journal contribution
posted on 2020-04-30, 10:02authored byS Dhami, A al-Nowaihi
We examine the various senses in which economist use the term “rationality” and then outline some of the commonly drawn implications and auxiliary assumptions. Finally, we confront the implications with the empirical evidence, drawing on the insights from the exciting new field of behavioral economics.
History
Citation
CESifo Working Paper Series, 2018 (6872)
Author affiliation
/Organisation/COLLEGE OF SOCIAL SCIENCES, ARTS AND HUMANITIES/School of Business