A Piece of Evidence Regarding the Full Rationality of Economic Agents
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.
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Volume (Year): 155 (1999)
Issue (Month): 3 (September)
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