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Revealed preference and choice under uncertainty
Bossert, Walter; Suzumura, Kōtarō - In: SERIEs : Journal of the Spanish Economic Association 3 (2012) 1/2, pp. 247-258
dominance. -- uncertainty ; prospects ; rational choice ; decision theory …We employ the theory of rational choice to examine whether observable choices from feasible sets of prospects can be … generated by the optimization of some underlying decision criterion under uncertainty. Rather than focusing on a specific theory …
Persistent link: https://www.econbiz.de/10009506410
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Limited attention in case-based belief formations
Bleile, Jörg - 2014
An agent wants to derive her belief over outcomes based on past observations collected in her database (memory). There is well establish evidence in the psychology and marketing literature that agents consistently fail (or choose not) to process all available information. An agent might be...
Persistent link: https://www.econbiz.de/10010403098
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Quantum decision theory in simple risky choices
Favre, Maroussia; Wittwer, Amrei; Heinimann, Hans Rudolf; … - 2016
uncertainty and other effects that are particularly manifest in cognitive processes, which makes it well suited for the study of …
Persistent link: https://www.econbiz.de/10011514496
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Chapter 20. Wanting Robustness in Macroeconomics
Hansen, Lars Peter; Sargent, Thomas J. - In: Handbook of monetary economics : volume 3, (pp. 1097-1157). 2010
asset pricing uncertainty premia and design of robust macroeconomic policies. …
Persistent link: https://www.econbiz.de/10014025622
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Revealed preference and choice under uncertainty
Bossert, Walter; Suzumura, Kotaro - In: SERIEs 3 (2012) 1, pp. 247-258
Persistent link: https://www.econbiz.de/10010539325
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On the necessity of pairs and triplets for the equivalence between rationality axioms
He, Junnan - 2012
This paper is concerned with the axiomatic foundation of the revealed preference theory. Many well-known results in the literature rest upon the ability to choose over budget sets that contain only 2 or 3 elements. This paper shows that for any given choice function, many of the famous...
Persistent link: https://www.econbiz.de/10009579814
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Chapter 1. Rationality
Binmore, Ken - In: Handbook of game theory with economic applications : …, (pp. 1-26). 2015
This chapter is a very compressed review of the neoclassical orthodoxy on the nature of rationality on economic theory. It defends the orthodoxy both against the behavioral criticism that it assumes too much and the revisionist view that it assumes too little. In places, especially on the...
Persistent link: https://www.econbiz.de/10014025458
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Rationality under uncertainty : classic and current criticisms of the Bayesian viewpoint
Zappia, Carlo - In: The European journal of the history of economic thought 25 (2018) 6, pp. 1387-1419
Persistent link: https://www.econbiz.de/10012034584
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On the economic foundations of decision theory
Montesano, Aldo - In: Theory and decision : an international journal for … 93 (2022) 3, pp. 563-583
Persistent link: https://www.econbiz.de/10013460917
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Enjoyment takes time : some implications for choice theory
Nisticò, Sergio - 2015
The paper suggests that casting the choice problem in terms of alternative time-consuming activities can foster the fruitful cross-fertilization between economics and psychology along the lines suggested by Scitovsky in the Joyless Economy. The first part emphasizes how mainstream, utility-based...
Persistent link: https://www.econbiz.de/10010485641