How mindless is standard economics really?

Burkhard Schipper

No 14, Working Papers from University of California, Davis, Department of Economics

Abstract: Contrary to claims by Gul and Pesendorfer (2008), I show that standard economics makes use of non-choice evidence in a meaningful way. This is because standard economics solely grounded in the theory of choice is ""incomplete"". That is, it has content that cannot be revealed with any general choice procedure.

Keywords: revealed preference; theory of choice; neuroeconomics; non-choice evidence; machines (search for similar items in EconPapers)
JEL-codes: A12 B41 C80 C90 D60 D80 D87 (search for similar items in EconPapers)
Pages: 19
Date: 2009-10-21
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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