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Rational Choice and Erratic Behaviour


  • Jess Benhabib
  • Richard H. Day


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  • Jess Benhabib & Richard H. Day, 1981. "Rational Choice and Erratic Behaviour," Review of Economic Studies, Oxford University Press, vol. 48(3), pages 459-471.
  • Handle: RePEc:oup:restud:v:48:y:1981:i:3:p:459-471.

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    References listed on IDEAS

    1. Hall, Robert E, 1978. "Stochastic Implications of the Life Cycle-Permanent Income Hypothesis: Theory and Evidence," Journal of Political Economy, University of Chicago Press, vol. 86(6), pages 971-987, December.
    2. Eden, Benjamin, 1980. "Stochastic Dominance in Human Capital," Journal of Political Economy, University of Chicago Press, vol. 88(1), pages 135-145, February.
    3. Milton Friedman, 1957. "A Theory of the Consumption Function," NBER Books, National Bureau of Economic Research, Inc, number frie57-1, January.
    4. Jerusalem D. Levhari & T. N. Srinivasan, 1969. "Optimal Savings under Uncertainty," Review of Economic Studies, Oxford University Press, vol. 36(2), pages 153-163.
    5. Hall, Robert E & Mishkin, Frederic S, 1982. "The Sensitivity of Consumption to Transitory Income: Estimates from Panel Data on Households," Econometrica, Econometric Society, vol. 50(2), pages 461-481, March.
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