Prefatory Note

This supplement to the Journal of Business contains the proceedings of a conference organized by Robin M. Hogarth and Melvin W. Reder and held at the University of Chicago on October 13--15, 1985. The stimulus for the conference was a growing body of evidence--mainly of an experimental nature--that has documented systematic; departures from the dictates of rational economic behavior. Initially, these studies were conducted almost exclusively by psychologists, but recently also by an increasing number of economists, some of whom now...