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Ordinal Relative Satisficing Behavior
Barberà, Salvador; Neme, Alejandro - Barcelona Graduate School of Economics (Barcelona GSE) - 2015
We propose a notion of r-rationality, a relative version of satisficing behavior based on the idea that, for any set of … choice functions satisfying the condition for any r, and provide an algorithm to compute the maximal degree of r-rationality …
Persistent link: https://www.econbiz.de/10011213421
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A Measure of Rationality and Welfare
Apesteguia, Jose; Ballester, Miguel Angel - Barcelona Graduate School of Economics (Barcelona GSE) - 2014
Evidence showing that individual behavior often deviates from the classical principle of preference maximization has raised at least two important questions: (i) How serious are the deviations? and (ii) What is the best way to analyse choice behavior in order to extract information for the...
Persistent link: https://www.econbiz.de/10011255331
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Behavioral Assumptions and Management Ability
Arruñada, Benito; Vázquez, Xosé H. - Barcelona Graduate School of Economics (Barcelona GSE) - 2010
their future performance. We argue that training with an emphasis on the standard assumptions used in economics (rationality …
Persistent link: https://www.econbiz.de/10010547261
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A Measure of Rationality and Welfare
Apesteguia, Jose; Ballester, Miguel Angel - Barcelona Graduate School of Economics (Barcelona GSE) - 2010
these two questions by proposing a set of foundational conditions on which to build a proper measure of the rationality of … preference data. In our first result, we show that there is a unique measure of rationality that satisfies all of the proposed …
Persistent link: https://www.econbiz.de/10010547512