Banerjee, Samiran; Murphy, James - In: Applied Economics 43 (2011) 26, pp. 3863-3882
Various studies (e.g. Becker, 1962; Ariely et al., 2003) have noted anomalies concerning the relationship between observed demand and the preferences presumed to motivate it. We re-examine these findings using experimental choice data. After separating our subjects' choices into rational and...