Working Paper
Rationality in Economics: Theory and Evidence
Sanjit Dhami, Ali al-Nowaihi
CESifo, Munich, 2018
CESifo Working Paper No. 6872
CESifo, Munich, 2018
CESifo Working Paper No. 6872
We examine the various senses in which economist use the term “rationality” and then outline some of the commonly drawn implications and auxiliary assumptions. Finally, we confront the implications with the empirical evidence, drawing on the insights from the exciting new field of behavioral economics.
CESifo Category
Behavioural Economics
Public Finance
Behavioural Economics
Public Finance
JEL Classification: B400