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The following analysis is meant to contribute to a history of rational choice theory. More specifically, I provide a multi-layered account of rational choice theory in terms of its biography as a scientific object. I argue that its axiomatic version, choice theory traveled between different...
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With the increasing popularity of e-commerce systems, commercial transactions are becoming more and more frequent. Such transactions are not direct but mediated, putting the buyer in a position of weakness with respect to the seller, especially in the case of a failure of a transaction. The...
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Welfare Economics. A key theme of Cognitive Economics is finite cognition (often misleadingly called "bounded rationality …
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the banking decision, where a contestant chooses to secure an amount of money for the eventual winner, or to risk it on a …
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Rational ignorance and related models of voter choice have been accused of psychological implausibility or even incoherence. Although such models run counter to folk psychological understandings of choice, this paper argues that they are consistent with widely-accepted dual process theories of...
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