Abstract

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How Mindless is Standard Economics Really?

Burkhard C. Schipper
University of California, Davis - Department of Economics

October 22, 2009

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 can not be revealed with any general choice procedure.

Keywords: Revealed preference, theory of choice, neuroeconomics, non-choice evidence, machines

JEL Classifications: A12, B41, C80, C90, D60, D80, D87

Working Paper Series

Date posted: October 24, 2009 ; Last revised: October 24, 2009

Suggested Citation

Schipper, Burkhard C., How Mindless is Standard Economics Really? (October 22, 2009). Available at SSRN: http://ssrn.com/abstract=1492970

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Contact Information

Burkhard C. Schipper (Contact Author)

University of California, Davis - Department of Economics ( email )

One Shields Drive
Davis, CA 95616-8578
United States
530-752-6142 (Phone)
530-752-9382 (Fax)

HOME PAGE: http://www.econ.ucdavis.edu/faculty/schipper/