Maximization and the Act of Choice
The 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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|Date of creation:||1996|
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Web page: http://www.economics.harvard.edu/journals/hier
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