I examine some neoclassical, behavioral, and heuristic models of individual decision-making, and argue that the diverse psychological mechanisms these models posit are cognitively too demanding to be implemented, consciously or unconsciously, by actual decision makers. Accordingly, these models...

In the philosophy of economics, the last fifteen years have witnessed an intense discussion about the epistemological status of economic models of decision making and their theoretical components, such as the concept of preference. In this article I offer a selective review of this discussion...