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  • 1988

  • Dawes, Robyn M.; Thaler, Richard H. (1988): Anomalies. Cooperation. In: Journal of Economic Perspectives 2 (3), S. 187-197. DOI: 10.1257/jep.2.3.187

    Abstract: Economics can be distinguished from other social sciences by the belief that most (all?) behavior can be explained by assuming that agents have stable, well-defined preferences and make rational choices consistent with those preferences in markets that (eventually) clear. An empirical result qualifies as an anomaly if it is difficult to "rationalize", or if implausible assumptions are neccessary to explain it within the paradigm. This column will present a series of such anomalies

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