frequency and real-time data. I present a collection of 37 different measures of inflation expectations, including many … previously unexploited monthly and real-time measures of inflation expectations. These higher frequency measures tend to … outperform the standard three low frequency survey measures in tests of accuracy, predictive power, and rationality, indicating …

compare this theory of choice with a different notion of rationality, bounded rationality, and with an approach that seeks to … classical theory of choice would suggest, the economic agents are rational and the markets are or should be efficient and behave … also rationally. This contribution tries to highlight some well-known limits of the classical theory of rational choiceand …

The paper critically discusses the issue of rationality and choices in economics in both the behavioural and … the analysis of economic choices, showing the limits of rationality. On the other hand, the work offers a reinterpretation … of the theory of Alfred Marshall in a biologicalevolutionary perspective. The reinterpretation of Marshall's theory in a …

subjects are time-inconsistent and most violate the axioms of expected utility theory. These inconsistencies cannot be … explained by well-known theories of behavioral inconsistency, such as hyperbolic discounting and cumulative prospect theory … inconsistency and total payoffs are reported. Time-inconsistent subjects and those who violate expected utility theory both earn …

own preferences. This justification of soft paternalism overlooks some methodological problems of expected utility theory …

la Reichlin (1986) and aspirations, i.e. effective consumption by individuals of the current generation depends on the … importance of aspirations in utility is responsible for the existence of either one (normalised) steady state or two steady … externality. Moreover, some interesting global dynamic properties emerge: indeed, when the relative importance of aspirations is …

aspirations/expectations early in adult life; (d) the latter mismatches depend on education and are largely confined to the labour …. First, human capital improves the skills in decision making in different life domains. Second, it improves the skills and … so, it fuels our aspirations in different life domains. The first two effects can be expected to improve people …

-looking aspirations -- people value their consumption relative to the conditional mean of those above them in the distribution. Their … through the aspirations gap, motivates people to work and save more. Economic outcomes improve but income and consumption … inequality worsen because the poor have less capacity to respond. By diverting resources from health production, aspirations also …

satisfaction after the decision making process). Simon’s model shows the need for defining aspirations whose values are adapted to … been looked at within the standard framework of substantial rationality. This paper aims to go beyond that kind of approach … by linking happiness and procedural rationality, focusing on ‘happiness for choice’ (the individual’s perceived …