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- Title
Testing Rationality.
- Authors
NEUMANN, MICHAEL
- Abstract
Amos Tversky, Daniel Kahneman, Dan Ariely and others detect irrationality when decision makers get led astray by how a decision problem is framed. They find that test subjects respond inconsistently when the same decision problem is described differently. But when are two decisions the same? The participants in their experiments are not decision theorists and cannot be counted on to read or approach the problems ‘properly.’ They may find sources of utility where researchers least suspect, and change payoffs that ‘ought’ to remain constant.
- Subjects
REASON; DECISION making; BEHAVIORAL economics; DECISION theory; EXPERIMENTS
- Publication
Dialogue: Canadian Philosophical Review, 2018, Vol 57, Issue 3, p615
- ISSN
0012-2173
- Publication type
Article
- DOI
10.1017/S0012217318000094