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Experimental Tests of Rationality *

Daniel Read

in The Handbook of Rational and Social Choice

Published in print:
2009
Published Online:
May 2009
ISBN:
9780199290420
eISBN:
9780191710506
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199290420.003.0009
Subject:
Economics and Finance, Public and Welfare

Rational choice theory assumes that agents have a set of basic preferences, and specifies “rationality conditions” that must be met to satisfy those preferences optimally. Most experimental studies ... More


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