This note reports a real case where individuals faced an apparently trivial choice, with no uncertainty involved. The data show that even in such a situation, full rationality may fail to apply. Experimental replications along the lines of the present case might prove helpful for collecting data on rationality.
A piece of evidence regarding the full rationality of economic agents
LUZZATI, TOMMASO
1999-01-01
Abstract
This note reports a real case where individuals faced an apparently trivial choice, with no uncertainty involved. The data show that even in such a situation, full rationality may fail to apply. Experimental replications along the lines of the present case might prove helpful for collecting data on rationality.File in questo prodotto:
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