Blar i NHH Brage på emneord "D01"
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Is there a development gap in rationality?
(Discussion paper;8/2014, Working paper, 2014-03)We report an experimental test of the four touchstones of rationality in choice under risk – utility maximization, stochastic dominance, expected-utility maximization and small-stakes risk neutrality – with students from ... -
The market in economics : behavioural assumptions and value judgments
(Discussion paper;12/2014, Working paper, 2014-04)This paper tries to convey the essence of the economic theory of behaviour of individuals and firms to an audience of non-economists. The hypotheses of utility and profit maximization and their use as building blocks in ...