Maximisation and the Act of Choice.

The act of choosing can influence maximizing behaviour for at least two distinct reasons: 1) process significance and 2) decisional inescapability. The constructive programme of the paper is combined with critical appraisal of the implications of these concerns for rational decisions about actions and strategies, and their relevance for empirical studies of economic, social and political behaviour.

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Year of publication:	1996
Authors:	Sen, A.
Institutions:	Banca d'Italia
Subject:	ITALY \| HOUSEHOLD \| INFORMATION

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Series:	Banca Italia - Servizio di Studi.
Type of publication:	Book / Working Paper
Notes:	62 pages
Classification:	D10 - Household Behavior and Family Economics. General ; D11 - Consumer Economics: Theory ; D12 - Consumer Economics: Empirical Analysis ; D80 - Information and Uncertainty. General ; D81 - Criteria for Decision-Making under Risk and Uncertainty
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005780681