14 Pages Posted: 8 Nov 2006
Do we really know whether or not we have "maximized" utility, or do we just know that we are "happy" or "sad"? We argue that we can never know objectively whether or not utility has been maximized; however, people acting on a free market are sufficiently close to the decision as to be able to hazard a better guess about their opportunity costs than policy makers.
Suggested Citation: Suggested Citation
Block, Walter E. and Carden, Art and Carson, Stephen W., Ex Ante and Ex Post: What does Rod Stewart Really Know Now?. Business and Society Review, Vol. 111, No. 4, pp. 427-440, December 2006. Available at SSRN: https://ssrn.com/abstract=943532 or http://dx.doi.org/10.1111/j.1467-8594.2006.00280.x
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