Abstract We propose a new measure of deviations from expected utility theory. For any positive number e, we give characterization the datasets with rationalization that is within e (in beliefs, utility, or perceived prices) (EU) theory, under assumption risk aversion. The can then be used as how far data to EU apply our methodology three large-scale experiments. Many subjects in these experimen...

This paper documents that the earnings yield and book-to-price combine to predict equity returns in a way that is consistent with the rational pricing of risk. It is well known that earnings yields predict returns in the cross-section, consistent with standard formulas that show that the earnings yield equals the required return when there is no expected earnings growth beyond that from retenti...

Alkenes containing N-heteroaromatics are known to be poor partners in cross-metathesis reactions, probably due to catalyst deactivation caused by the presence of a nitrogen atom. However, some examples of ring-closing and cross-metathesis involving alkenes that incorporate N-heteroaromatics can be found in the literature. In addition, recent mechanistic studies have focused on the rationalizati...

The concept of distance rationalizability allows one to define new voting rules or rationalize existing ones via a consensus, i.e., a class of elections that have a unique, indisputable winner, and a distance over elections: A candidate is declared an election winner if she is the consensus candidate in one of the nearest consensus elections. Many classic voting rules are defined or can be repr...

This paper contributes to the theory of rational choice under sequential criteria. Following the approach initiated by Manzini and Mariotti (2007) for single-valued choice functions, we characterize choice correspondences that are rational by two sequential criteria under a mild consistency axiom. Rationales ensuring the sequential rationalization are explicitly constructed and a uniquely deter...

Fungus Candida albicans has received much attention due to its oral, vaginal and/or systemic candidiasis. This study was undertaken to find out the optimum antifungal effect of concentration of two essential oils namely Thymus daenensis Celak. and Zataria multifera Boiss. either alone or in combination ratio and their time of action against C. albicans. The essential oils (EOs) were obtained by ...