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another sense, it is concerned with bounded rationality as a means of the policy, and in still another sense, it is concerned … with bounded rationality as an obstacle to be removed by the policy, when the latter has a benevolent aim. The paper … behavioural economics, compared with that of classical rational choice theory, to account for successful interventions. After …
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beneficial interventions. The authors argue instead for a more inclusive theory of rationality in economic policymaking. …
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beneficial interventions. The authors argue instead for a more inclusive theory of rationality in economic policymaking"-- …
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We show what the rational inattention model predicts about the treatment effect of information provided during a randomized control trial. This is a non-trivial question because the model implies optimal attention choice before, during, and after an information treatment. The predictions of the...
Persistent link: https://www.econbiz.de/10014484232
ecological rationality research program, it presents the main factors that determine economic choices, before exploring the most …
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