the uncertainty of subjects regarding others' rationality. We do so by comparing the price forecasts submitted by subjects … hypothesis that uncertainty about others' rationality plays a major role in causing substantial deviation of forecast prices from …

The purpose of this paper is twofold. We first point out that violation of rationality axioms (SARP, GARP, WARP) do not … non-respect of demand theory axioms but by the changing of preferences over the period. A logistic regression confirms the …

This paper focuses on the link between the economic conceptions of rationality and learning. Traditionally, most … is not the process of learning, but the result of learning: ‘a fully rational agent'. Heterodox rationality conceptions … such as the Simonian model of bounded rationality seem more compatible with the idea of learning. Bounded rationality …

This paper deals with Rousseau's idea of freedom in terms of rationality and deliberation. It gives support to Berlin …'s interpretation of the general will as a rational and objective will but dismisses the idea that Rousseau's theory necessarily leads …

We examine the determinants of income inequality and mobility in a Ramsey model with elastic labor supply. Individuals …

level since 1870. Inequality in years of schooling is found to be rapidly decreasing, but we show that this result is … completely driven by the decline in illiteracy. Then, we turn to inequality in human capital and focus on a Mincerian production … capital inequality has increased since 1870, but does not exceed 10% of world income inequality. Next, we analyse the …