Assumptions, behavioral findings, and policy analysis

Jack Knetsch

Journal of Policy Analysis and Management, 1995, vol. 14, issue 1, 68-78

Abstract: Recent empirical studies indicate that many standard economic assumptions used in policy analyses do not reflect people's preferences and choices as well as modifications based on behavioral findings. Differences in the areas of time preferences and the large disparity between valuations of gains and losses illustrate the issues and the distortions that present analyses likely impose.

Date: 1995
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Persistent link: https://EconPapers.repec.org/RePEc:wly:jpamgt:v:14:y:1995:i:1:p:68-78

DOI: 10.2307/3325433

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