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This paper considers the evidence of near-rationality, as described by Akerlof, Dickens, and Perry (2000). Using … unsupportive of the near-rationality hypothesis. However, we document that household inflation expectations tend to settle around …
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Popper recognizes that there are, at least, two versions of his "Rationality Principle" (RP) yet he does not explain …
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If we reassess the rationality question under the assumption that the uncertainty of the natural world is largely … theory of ecological rationality. The main casualty of this rebuilding process is optimality. Once we view optimality as a … formal implication of quantified uncertainty rather than an ecologically meaningful objective, the rationality question …
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understanding of economic rationality underlying behavioural finance research is inadequate, most scholars have not yet challenged …-ups and, second, to demonstrate the need for a more up-to-date conception of rationality in behavioural finance theory in …
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