Güth, Werner - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2007
Can one define and test the hypothesis of (un)bounded rationality instochastic choice tasks without endorsing Bayesianism? Similar to the state specificity of assets, we rely on state-specific goal formation. In a given choice task, the list of state-specific goal levels is optimal if one cannot...