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Displaying results 1 to 4 of 4.

  1. Rationality is not consistency
    Author: Caliari, Daniele
    Published: [2023]
    Publisher:  Wissenschaftszentrum Berlin für Sozialforschung gGmbH, Berlin, Germany

    We challenge the standard definition of economic rationality as consistency by making use of a novel distinction between axioms of decision theory: consistency and preference axioms. We argue that this distinction has been overlooked by the... more

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    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    DS 377
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    We challenge the standard definition of economic rationality as consistency by making use of a novel distinction between axioms of decision theory: consistency and preference axioms. We argue that this distinction has been overlooked by the literature and, as a result, evidence that consistency is a proxy of decision-making ability is often based on incorrect identification strategies. We conduct an experiment to investigate the factors that drive violations of consistency alone. While we find no evidence that consistency axioms are a proxy of decisionmaking ability, we provide suggestive evidence that some preference axioms are, confirming their potential role as confounding factors. Overall, our experimental evidence raises doubts about the choice of language that equates consistency with rationality in economics.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/274074
    Series: Discussion paper / WZB, Wissenschaftszentrum Berlin für Sozialforschung, Research Area: Markets and Choice, Research Unit: Economics of Change ; SP II 2023, 304 (July 2023)
    Subjects: Decision Theory; Experimental Design; Consistency; Rationality
    Scope: 1 Online-Ressource (circa 40 Seiten)
  2. The priced survey methodology
    theory
    Author: Seror, Avner
    Published: [2023]
    Publisher:  [Aix-Marseille School of Economics], [Aix-en-Provence

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    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    VS 717
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Working papers / AMSE, Aix-Marseille School of Economics ; WP 2023, nr 30
    Subjects: Decision Theory; Revealed Preference; Social Preferences; Behavioral Economics; Survey
    Scope: 1 Online-Ressource (circa 28 Seiten), Illustrationen
  3. Vaccination under pessimistic expectations in clinical trials and immunization campaigns
    Author: Albis, Hippolyte d’; Etner, Johanna; Thuilliez, Josselin
    Published: [2022]
    Publisher:  Paris School of Economics, Paris

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    VS 331
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Working paper / Paris School of Economics ; no 2022, 26
    Subjects: Decision Theory; Vaccination; Clinical Trials; Immunization Campaigns
    Scope: 1 Online-Ressource (circa 40 Seiten)
  4. Semi-parametric approach to behavioral biases
    Author: Seror, Avner
    Published: [2024]
    Publisher:  [Aix-Marseille School of Economics], [Aix-en-Provence

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    Verlag (kostenfrei)

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    VS 717
    Inter-library loan:
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    Export to reference management software   RIS file
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Working papers / AMSE, Aix-Marseille School of Economics ; WP 2024, nr 01
    Subjects: Decision Theory; Revealed Preference; Behavioral Economics
    Scope: 1 Online-Ressource (circa 56 Seiten), Illustrationen