values-driven identities: individualism (focused on status concerns), communitarianism (focused on the benefits of social …

deviation (in beliefs, utility, or perceived prices) is within e of expected utility theory. The number e can then be used as a … distance to the theory. We apply our methodology to three recent large-scale experiments. Many subjects in those experiments …

The weak rationality principle is not an empirical statement but a heuristic rule of how to proceed in social sciences …-foundation and, therefore, employ the rationality assumption in economic models. Then, with reference to the ?bounded rationality … a part of the rationality assumption. We conclude with some remarks on handling the problems of ?free will? as well as …

models. At the market level, Becker offers two major types of models: partial equilibrium models based on Price Theory as … possible intellectual influences on Becker's theory of marriage, compares Becker's research on marriage with that of some …

There is an ongoing debate about the economic effects of individualism. We establish that individualism leads to better … of individualism by exploiting variation between migrants at the origin country, origin language, and person level … adult education activities. In fact, individualism is more important in explaining adult skill formation than any other …

, and is rooted in normative individualism. It provides a benchmark by which rules and institutions can be judged as …

consistent in revealing that groups behave closer to the game-theoretical assumption of rationality and selfishness than …