Freedom to Choose and Choice X-inefficiencies: Human and Consumer Rights, and Positive and Normative Implications of Choice Behavior
Morris Altman
Abstract
Morris Altman
Abstract
It is important to model choice behavior in a manner that captures the reality that choices made by individuals are often not utility maximizing or satisficing from the perspective of the person do...
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It is important to model choice behavior in a manner that captures the reality that choices made by individuals are often not utility maximizing or satisficing from the perspective of the person do...
Key concepts: Satisficing, Normative, Freedom of choice, Economics, Perspective (graphical), Microeconomics, Consumer choice, Public choice