[Selections by Humberto Barreto for SHOE list.]
nep-hpe <http://nep.repec.org/nep-hpe.html> New Economics Papers
<http://nep.repec.org/> on History and Philosophy of Economics
Issue of 2023‒09‒11
papers chosen by
Erik Thomson <http://econpapers.repec.org/RAS/pth72.htm>,
University of Manitoba <http://umanitoba.ca/>
------------------------------
1. Rationality is not consistency
<https://mail.google.com/mail/u/0/#m_4514612025750163894_p1> By Caliari,
Daniele
<http://econpapers.repec.org/scripts/search.pf?aus=Caliari,%20Daniele>
2. The Politics of Academic Research
<https://mail.google.com/mail/u/0/#m_4514612025750163894_p2> By Ringgenberg,
Matthew C.
<http://econpapers.repec.org/scripts/search.pf?aus=Ringgenberg,%20Matthew%20C.>
; Shu, Chong
<http://econpapers.repec.org/scripts/search.pf?aus=Shu,%20Chong>; Werner,
Ingrid M.
<http://econpapers.repec.org/scripts/search.pf?aus=Werner,%20Ingrid%20M.>
------------------------------
1. Rationality is not consistency
<http://econpapers.repec.org/RePEc:zbw:wzbeoc:spii2023304>
By: Caliari, Daniele
<http://econpapers.repec.org/scripts/search.pf?aus=Caliari,%20Daniele>
Abstract: We challenge the standard definition of economic rationality
as consistency by making use of a novel distinction between axioms of
decision theory: consistency and preference axioms. We argue that this
distinction has been overlooked by the literature and, as a result,
evidence that consistency is a proxy of decision-making ability is often
based on incorrect identification strategies. We conduct an experiment to
investigate the factors that drive violations of consistency alone. While
we find no evidence that consistency axioms are a proxy of decisionmaking
ability, we provide suggestive evidence that some preference axioms are,
confirming their potential role as confounding factors. Overall, our
experimental evidence raises doubts about the choice of language that
equates consistency with rationality in economics.
Keywords: Decision Theory, Experimental Design, Consistency, Rationality
JEL: D00 D90 D91
<http://econpapers.repec.org/scripts/search.pf?jel=D00%20D90%20D91>
Date: 2023
URL: http://d.repec.org/n?u=RePEc:zbw:wzbeoc:spii2023304&r=hpe
2. The Politics of Academic Research
<http://econpapers.repec.org/RePEc:ecl:ohidic:2023-12>
By: Ringgenberg, Matthew C.
<http://econpapers.repec.org/scripts/search.pf?aus=Ringgenberg,%20Matthew%20C.>
(U
of Utah); Shu, Chong
<http://econpapers.repec.org/scripts/search.pf?aus=Shu,%20Chong> (U of
Utah); Werner, Ingrid M.
<http://econpapers.repec.org/scripts/search.pf?aus=Werner,%20Ingrid%20M.>
(Ohio
State U)
Abstract: We develop a novel measure of political slant in research to
examine whether political ideology influences the content and use of
academic research. Our measure examines the frequency of citations from
think tanks with different political ideologies and allows us to examine
both the supply and demand for research. We find that research in Economics
and Political Science displays a liberal slant, while Finance and
Accounting research exhibits a conservative slant, and these differences
cannot be accounted for by variations in research topics. We also find that
the ideological slant of researchers is positively correlated with that of
their Ph.D. institution and research conducted outside universities appears
to cater more to the political party of the current President. Finally,
political donations data confirms that the ideological slant we measure
based on think tank citations aligns with the political values of
researchers. Our findings have important implications for the structure of
research funding.
JEL: G12 G14
<http://econpapers.repec.org/scripts/search.pf?jel=G12%20G14>
Date: 2023–05
URL: http://d.repec.org/n?u=RePEc:ecl:ohidic:2023-12&r=hpe
------------------------------
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