Garp for kids: On the development of rational choice behavior

Timothy Berry, William Harbaugh () and Kate Krause

Artefactual Field Experiments from The Field Experiments Website

Abstract: In this paper we examine the extent to which consumption choices by 7 and 11-year-old children and college undergraduates satisfy the axioms of revealed preference. We find that choices by even the 7-year-olds are considerably more likely to obey revealed preference axioms than would be true if they were choosing randomly. 11-year-olds do better still, while college students do no better than 11-year-old children. We also find that mathematical ability is not correlated with choosing rationally. We argue that this evidence suggests that the ability to choose rationally is not innate, but that it does develop quickly.

Date: 2001
References: Add references at CitEc
Citations: View citations in EconPapers (146)

Downloads: (external link)
http://s3.amazonaws.com/fieldexperiments-papers2/papers/00056.pdf

Related works:
Journal Article: GARP for Kids: On the Development of Rational Choice Behavior (2001)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:feb:artefa:00056

Access Statistics for this paper

More papers in Artefactual Field Experiments from The Field Experiments Website
Bibliographic data for series maintained by Francesca Pagnotta ().