Imperfectly rational choice: Rationality as the result of a costly activity

In identifying characteristics of people and of their choices that determine their degree of rationality — the nature and incidence of imperfect rationality — this paper suggests that there are often observable criteria by which to judge the applicability of the rational choice model to a particular...

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Veröffentlicht in:Journal of economic behavior & organization 1989-08, Vol.12 (1), p.67-86
1. Verfasser: Winston, Gordon C.
Format: Artikel
Sprache:eng
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