Rational Choice: The Contrast between Economics and Psychology

24
Chapman University Chapman University Digital Commons Economics Faculty Articles and Research Economics 1991 Rational Choice: e Contrast between Economics and Psychology Vernon L. Smith Chapman University, [email protected] Follow this and additional works at: hp://digitalcommons.chapman.edu/economics_articles Part of the Economic eory Commons , Finance Commons , and the Psychology Commons is Article is brought to you for free and open access by the Economics at Chapman University Digital Commons. It has been accepted for inclusion in Economics Faculty Articles and Research by an authorized administrator of Chapman University Digital Commons. For more information, please contact [email protected]. Recommended Citation Smith, Vernon L. 1991. "Rational Choice: e Contrast between Economics and Psychology." Journal of Political Economy, 99.4 (1991): 877-897.

Transcript of Rational Choice: The Contrast between Economics and Psychology

Page 1: Rational Choice: The Contrast between Economics and Psychology

Chapman UniversityChapman University Digital Commons

Economics Faculty Articles and Research Economics

1991

Rational Choice: The Contrast betweenEconomics and PsychologyVernon L. SmithChapman University, [email protected]

Follow this and additional works at: http://digitalcommons.chapman.edu/economics_articles

Part of the Economic Theory Commons, Finance Commons, and the Psychology Commons

This Article is brought to you for free and open access by the Economics at Chapman University Digital Commons. It has been accepted for inclusionin Economics Faculty Articles and Research by an authorized administrator of Chapman University Digital Commons. For more information, pleasecontact [email protected].

Recommended CitationSmith, Vernon L. 1991. "Rational Choice: The Contrast between Economics and Psychology." Journal of Political Economy, 99.4(1991): 877-897.

Page 2: Rational Choice: The Contrast between Economics and Psychology

Rational Choice: The Contrast between Economics and Psychology

CommentsThis article was originally published in Journal of Political Economy, volume 99, issue 4, in 1991.

CopyrightUniversity of Chicago

This article is available at Chapman University Digital Commons: http://digitalcommons.chapman.edu/economics_articles/8

Page 3: Rational Choice: The Contrast between Economics and Psychology
Page 4: Rational Choice: The Contrast between Economics and Psychology
Page 5: Rational Choice: The Contrast between Economics and Psychology
Page 6: Rational Choice: The Contrast between Economics and Psychology
Page 7: Rational Choice: The Contrast between Economics and Psychology
Page 8: Rational Choice: The Contrast between Economics and Psychology
Page 9: Rational Choice: The Contrast between Economics and Psychology
Page 10: Rational Choice: The Contrast between Economics and Psychology
Page 11: Rational Choice: The Contrast between Economics and Psychology
Page 12: Rational Choice: The Contrast between Economics and Psychology
Page 13: Rational Choice: The Contrast between Economics and Psychology
Page 14: Rational Choice: The Contrast between Economics and Psychology
Page 15: Rational Choice: The Contrast between Economics and Psychology
Page 16: Rational Choice: The Contrast between Economics and Psychology
Page 17: Rational Choice: The Contrast between Economics and Psychology
Page 18: Rational Choice: The Contrast between Economics and Psychology
Page 19: Rational Choice: The Contrast between Economics and Psychology
Page 20: Rational Choice: The Contrast between Economics and Psychology
Page 21: Rational Choice: The Contrast between Economics and Psychology
Page 22: Rational Choice: The Contrast between Economics and Psychology
Page 23: Rational Choice: The Contrast between Economics and Psychology
Page 24: Rational Choice: The Contrast between Economics and Psychology

Copyright of Journal of Political Economy is the property of University of Chicago Press and its content may

not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written

permission. However, users may print, download, or email articles for individual use.