How Mindless Is Standard Economics Really?
AbstractContrary to claims by Gul and Pesendorfer (2008), I show that standard economics makes use of non-choice evidence in a meaningful way. This is because standard economics solely grounded in the theory of choice is "incomplete". That is, it has content that can not be revealed with any general choice procedure.
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Bibliographic InfoPaper provided by University of California at Davis, Department of Economics in its series Working Papers with number 09-17.
Date of creation: Feb 2010
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- Caplin, Andrew & Schotter, Andrew, 2008. "The Foundations of Positive and Normative Economics: A Handbook," OUP Catalogue, Oxford University Press, number 9780195328318.
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