Making sense of monkey business: Re-examining tests of animal rationality

نویسندگان

چکیده

This paper re-examines research that studies economic rationality using experimental data generated by nonhuman animals (e.g. rats, pigeons, monkeys, etc.). The standard methodology to elicit choices from allows a researcher test three types of rationality: deterministic utility maximization, average choice rationality, and random maximization. Most the has evaluated whether satisfy rationality. We describe difference between these models check each type on capuchin monkey Chen et al.(2006). reject maximization for most subjects, but we cannot is first provide statistical

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ژورنال

عنوان ژورنال: Journal of Economic Behavior and Organization

سال: 2022

ISSN: ['0167-2681', '1879-1751']

DOI: https://doi.org/10.1016/j.jebo.2022.02.004