-with-evaluation-errors theory that incorporates both dimensions and delivers sharp empirical predictions about their effect on choice behavior. We …

how the imperfections of human rationality shape individual decisions and behaviors, the implications of these … rationally (in the sense of rational choice theory) pursuing them. This leads to a certain skepticism towards the idealization of … democracy as human rationality in pursuit of the common good, which serves to provide cover for those who profit from the …

of heterogeneity in the population and that even with very small degrees of non-rationality it may be optimal not to …

respects: income-earning ability and rationality. Publicly provided goods should be overprovided or subsidised, relative to the …

This paper contrasts the modern use of the assumption that rationality guides individual economic behaviour, as … notions of rationality based on the availability of information, ability to reason (cognitive skills), and even morality …. Learning played a major role in individuals achieving what was referred to as complete rationality. I draw on these ideas, and …