Validating the Postulates of rational Choice in the Context of economical Fuel Consumption of Vehicles

Joseph Mullat

MPRA Paper from University Library of Munich, Germany

Abstract: We have introduced an innovative procedure called "blind statistical scoring" that simplifies the analysis of statistical indicators. This procedure aligns with the principle of parsimony, also known as Ockham's razor. By applying this procedure, we confirm several postulates within the concept of bounded rationality of choice. To illustrate this phenomenon, we conducted an experiment with the data provided by Spritmonitor.de website, which contains data, search results, texts, graphics, software and other information.

Keywords: car market; fuel impulses; monotonic; Ockham's razor; kernel/closer (search for similar items in EconPapers)
JEL-codes: C12 C15 G0 G02 R4 Y1 Y10 (search for similar items in EconPapers)
Date: 2023-07-19
New Economics Papers: this item is included in nep-ene and nep-tre
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:117929

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