Arbeitspapier

Rationality in Economics: Theory and Evidence

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.

Language
Englisch

Bibliographic citation
Series: CESifo Working Paper ; No. 6872

Classification
Wirtschaft
Economic Methodology: General
Subject
rationality
self-regarding preferences
efficient markets
heuristics
optimization

Event
Geistige Schöpfung
(who)
Dhami, Sanjit
al-Nowaihi, Ali
Event
Veröffentlichung
(who)
Center for Economic Studies and ifo Institute (CESifo)
(where)
Munich
(when)
2018

Handle
Last update
20.09.2024, 8:24 AM CEST

Data provider

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Object type

  • Arbeitspapier

Associated

  • Dhami, Sanjit
  • al-Nowaihi, Ali
  • Center for Economic Studies and ifo Institute (CESifo)

Time of origin

  • 2018

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