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Titolo:
Rationality for economists?
Autore:
McFadden, D;
Indirizzi:
Univ Calif Berkeley, Dept Econ, Berkeley, CA 94720 USA Univ Calif Berkeley Berkeley CA USA 94720 pt Econ, Berkeley, CA 94720 USA
Titolo Testata:
JOURNAL OF RISK AND UNCERTAINTY
fascicolo: 1-3, volume: 19, anno: 1999,
pagine: 73 - 105
SICI:
0895-5646(199912)19:1-3<73:RFE>2.0.ZU;2-Y
Fonte:
ISI
Lingua:
ENG
Soggetto:
CONTINGENT-VALUATION QUESTIONS; VALUING PUBLIC-GOODS; STARTING POINT BIAS; PREFERENCE REVERSAL; PROSPECT-THEORY; CHOICE; UNCERTAINTY; JUDGMENT; PSYCHOLOGY; DECISION;
Keywords:
rationality; behavioral decision theory; preferences; cognition;
Tipo documento:
Article
Natura:
Periodico
Settore Disciplinare:
Social & Behavioral Sciences
--discip_BC--
Citazioni:
108
Recensione:
Indirizzi per estratti:
Indirizzo: McFadden, D Univ Calif Berkeley, Dept Econ, Berkeley, CA 94720 USA Univ Calif Berkeley Berkeley CA USA 94720 keley, CA 94720 USA
Citazione:
D. McFadden, "Rationality for economists?", J RISK UNC, 19(1-3), 1999, pp. 73-105

Abstract

Rationality is a complex behavioral theory that can be parsed into statements about preferences, perceptions, and process. This paper looks at the evidence on rationality that is provided by behavioral experiments, and argues that most cognitive anomalies operate through errors in perception that arise from the way information is stored, retrieved, and processed, or through errors in process that lead to formulation of choice problems as cognitive tasks that are inconsistent at least with rationality narrowly defined. The paper discusses how these cognitive anomalies influence economic behavior and measurement, and their implications for economic analysis.

ASDD Area Sistemi Dipartimentali e Documentali, Università di Bologna, Catalogo delle riviste ed altri periodici
Documento generato il 19/09/20 alle ore 12:34:36