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 …

Rationality of early release data is typically tested using linear regressions. Thus, failure to reject the null does … against data rationality for output and prices, but not for money. …

importance of particular forms of definitional change which we call 'definitional breaks', and the rationality of early releases … of economic variables. An important feature of our rationality tests is that they are based solely on the examination of …

This paper is concerned with the axiomatic foundation of the revealed preference theory. Many well-known results in the …

and individual learning, the key parameter is shown to be the degree of rationality of the learning agents: Learning the … techniques, while the Walras strategy can be shown to be a particular 'low rationality result'. …

that this slight departure from rationality has important implications for policy design. The central bank faces a new …