Publication at Faculty of Social Sciences, Faculty of Mathematics and Physics, Centre for Economic Research and Graduate Education |
2000
Abstract
Traditional programs in economics and psychology have postulated the existence of norms of optimal reasoning and/or behavior. In both disciplines these programs have been challenged by competing ones that, while maintaining the traditional norms of sound reasoning and/or behavior, have argued that human beings fail miserably at both.
We present new models of thinking about reasoning in psychology and discuss the implications of these new models for experimental economics.
