Browsing Department of Economics by Subject "D01"

Now showing items 1-2 of 2

    • Is there a development gap in rationality? 

      Cappelen, Alexander W.; Kariv, Shachar; Sørensen, Erik Ø.; Tungodden, Bertil (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 

      Sandmo, Agnar (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 ...