Human rationality is a function of the mental arithmetic underlying behavior. Here, I briefly discuss the dominant theoretical paradigms on human rationality and highlight their unambiguous treatment of cognitive functioning as the whole and soul of mental functioning. I argue that such a narrow...

In a framework of sequential search, we define a decision maker’s time preference, which is endogenous to her optimal decisions and the environment. The induced time preference is non-stationary and context-dependent, which supports key empirical and experimental evidence, such as...

This Working Paper analyses the results of a novel survey carried out to examine and measure how Brazilian scholars of economics and political science-including public administration-tend to agree or disagree on main public choice issues. The conceptual framework identifies 34 issues across 7...

Research demonstrates that people utilize both reasoning and feeling in decision making and that both strategies can be advantageous. However, little is known about how people perceive their decision making relative to others. Despite research findings and popular appeals supporting the use of...

There is a healthy skepticism regarding whether one can learn entrepreneurship in a business classroom setting. One unique challenge of entrepreneurship education is that at least to some degree entrepreneurship involves disruptions of the usual business rules, norms, and models. Furthermore,...