We challenge the standard definition of economic rationality as consistency by making use of a novel distinction … between axioms of decision theory: consistency and preference axioms. We argue that this distinction has been overlooked by … the literature and, as a result, evidence that consistency is a proxy of decision-making ability is often based on …

tending to infinity. We prove sufficient conditions on the weights (e.g. fulfilled by kernel weights) of a local averaging … estimate of the codf, based on data with errors, which ensure strong pointwise consistency. We show that two of the three …