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. The first part emphasizes how mainstream, utility-based choice theory has eradicated "time" from the analysis, in contrast …The paper suggests that casting the choice problem in terms of alternative time-consuming activities can foster the … with the seminal contribution to the subjective theory of value proposed by Gossen in 1858. The limits of Becker's well …
Persistent link: https://www.econbiz.de/10010485641
. The first part emphasizes how mainstream, utility-based choice theory has eradicated "time" from the analysis, in contrast …The paper suggests that casting the choice problem in terms of alternative time-consuming activities can foster the … with the seminal contribution to the subjective theory of value proposed by Gossen in 1858. The limits of Becker's well …
Persistent link: https://www.econbiz.de/10010420300
. The first part emphasizes how mainstream, utility-based choice theory has eradicated "time" from the analysis, in contrast …The paper suggests that casting the choice problem in terms of alternative time-consuming activities can foster the … with the seminal contribution to the subjective theory of value proposed by Gossen in 1858. The limits of Becker's well …
Persistent link: https://www.econbiz.de/10010487921
. The first part emphasizes how mainstream, utility-based choice theory has eradicated "time" from the analysis, in contrast …The paper suggests that casting the choice problem in terms of alternative time-consuming activities can foster the … with the seminal contribution to the subjective theory of value proposed by Gossen in 1858. The limits of Becker's well …
Persistent link: https://www.econbiz.de/10011200301
. The first part emphasizes how mainstream, utility-based choice theory has eradicated "time" from the analysis, in contrast …The paper suggests that casting the choice problem in terms of alternative time-consuming activities can foster the … with the seminal contribution to the subjective theory of value proposed by Gossen in 1858. The limits of Becker's well …
Persistent link: https://www.econbiz.de/10010983170
pressure or a cooling-off period (mandatory delay of choice) changes how choices are determined. Yet, few models are able to … testable conditions on revealed preferences combined with non-choice data. …
Persistent link: https://www.econbiz.de/10011703384
's understanding of investors' behaviour that can be fruitfully extended to consumption theory, in a context in which consumers are …
Persistent link: https://www.econbiz.de/10012173825
’s understanding of investors’ behaviour that can be fruitfully extended to consumption theory, in a context in which consumers are …
Persistent link: https://www.econbiz.de/10012251276
In this paper we critically review the literature on rational choice theory (RCT) and the critical approaches to it. We … neuroeconomics. Our intention is to present an improved theory of rational choice that, informed from the above discussion, will be … will present a concise description of the theory as defended by Gary Becker, Richard Posner and James Coleman (as well as …
Persistent link: https://www.econbiz.de/10014190167
The objective of this note is to revisit the meaningfulness of the Condorcet Jury Theorem (CJT) and apply it to the recent debate on liberal paternalism and consumer protection. The CJT con-sists of two parts, (a) stating that a jury of experts is always more competent than a single expert given...
Persistent link: https://www.econbiz.de/10011403643