Strong and wrong: The use of rational choice theory in experimental economics

Andrew Schotter

    Research output: Contribution to journalArticle

    Abstract

    The main purpose of rational choice theory is to lay out in clear and transparent terms what conditions are necessary and/or sufficient for the validity of statements about consistent human behavior. Strong criteria for rationality are 'wrong' if understood as a positive description. However, their very strength provides a sharp guide for experimental social science's project of mapping the properties of individual behavior.

    Original languageEnglish (US)
    Pages (from-to)498-511
    Number of pages14
    JournalJournal of Theoretical Politics
    Volume18
    Issue number4
    DOIs
    StatePublished - Oct 2006

    Keywords

    • Behavioral economics
    • Experiments
    • Rational choice

    ASJC Scopus subject areas

    • Sociology and Political Science

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