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assumptions of expected utility theory and the basic rationality requirement of consistency with first-order stochastic dominance … consistent with the rationality criterion. In contrast, Chapters 3, 4 and 5 take a behavioral approach to decisions under … by a systematic bias instead of a private information advantage. Contradicting the rationality postulate and ruled out …
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"My goal in writing Microeconomics and Behavior was to produce an intellectually challenging text that would also be accessible and engaging to students. Microeconomics and Behavior develops the core analytical tools with patience and attention to detail. At the same time, it embeds these tools...
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