The issue of rationality of consumption and consumer behavior becomes more and more relevant in today’s economy. The objective of this article is to analyze the rationality of consumer behaviors in the market from the point of view of various economic schools, using classical methods as well...

The issue of rationality of consumption and consumer behavior becomes more and more relevant in today’s economy. The objective of this article is to analyze the rationality of consumer behaviors in the market from the point of view of various economic schools, using classical methods as well...

The behavioral assumptions upon which Public Choice, and Game Theory are built, are false. This may not seem to be ‘too serious’ since many theories are only approximations. But a broad spectrum of experimental results has shown the problem to be greater than one of workable...