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How mindless is standard economics really?

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Author Info
Schipper, Burkhard C

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Abstract

Contrary 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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File URL: http://mpra.ub.uni-muenchen.de/18080/
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Publisher Info
Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 18080.

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Date of creation: 22 Oct 2009
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Handle: RePEc:pra:mprapa:18080

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Related research
Keywords: Revealed preference; theory of choice; neuroeconomics; non-choice evidence; machines;

Find related papers by JEL classification:
A12 - General Economics and Teaching - - General Economics - - - Relation of Economics to Other Disciplines
C90 - Mathematical and Quantitative Methods - - Design of Experiments - - - General
D60 - Microeconomics - - Welfare Economics - - - General
D80 - Microeconomics - - Information, Knowledge, and Uncertainty - - - General
B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology
C80 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - General
D87 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Neuroeconomics

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This page was last updated on 2009-11-27.

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