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normative economics. A common response to these problems is to treat deviations from conventional rational-choice theory as …
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economic theory of revealed preference, our method can be used whether or not the observed choices are rational. Paralleling … the standard theory we present a model for choice such that the observations arise "as if" they were the result of a …. As in revealed preference theory, these simultaneously held preferences are inferred from the choice data and we use them …
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A nudge is a non-coercive paternalistic intervention that attempts to improve choices by manipulating the framing of a decision problem. As any paternalism, it faces the difficulty of determining the appropriate welfare criterion. We propose a welfare-theoretic foundation for nudging similar in...
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