In light of the interest in axiomatic models of decision making in recent years, one is led to ask, in what ways do axiomatic derivations advance positive economics? If economists are interested in predicting how people behave, without a pretense to change individual decision making, how can...

In light of the interest in axiomatic models of decision making in recent years, one is led to ask, in what ways do the axiomatic deriva- tions advance economics? If economists are interested in predicting how people behave, without a pretense to change individual decision making, how can they...