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We challenge the standard definition of economic rationality as consistency by making use of a novel distinction … incorrect identification strategies. We conduct an experiment to investigate the factors that drive violations of consistency … evidence raises doubts about the choice of language that equates consistency with rationality in economics. …
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Current time allocation and household production models face three major weaknesses: First, they only describe the average time allocation. Thus, information about the order of activities is lost. Therefore, it is impossible to describe the influence of activities on later ones. Such...
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