Maximization and the Act of Choice
AbstractThe act of choosing can influence maximizing behaviour for at least two distinct reasons: 1) process significance and 2) decisional inescapability. The constructive programme of the paper is combined with critical appraisal of the implications of these concerns for rational decisions about actions and strategies, and their relevance for empirical studies of economic, social and political behaviour.
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Bibliographic InfoPaper provided by Harvard - Institute of Economic Research in its series Harvard Institute of Economic Research Working Papers with number 1766.
Date of creation: 1996
Date of revision:
Other versions of this item:
- D10 - Microeconomics - - Household Behavior - - - General
- D11 - Microeconomics - - Household Behavior - - - Consumer Economics: Theory
- D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis
- D80 - Microeconomics - - Information, Knowledge, and Uncertainty - - - General
- D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
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