De Rock, Bram; Bruyneel, Sabrina; Cherchye, Laurens; … - European Centre for Advanced Research in Economics and … - 2012
We conducted an experiment to collect data on consumption decisions made by children of different age categories. In … particular, our experiment involves unsophisticated discrete consumption choices,and we present a rationality test that is … behavior is largely irrational. Next, we also investigate the relationship between the degree of rationality and the children …