Anxiety and rationality: Allais paradox, procrastination, Keynesian expectations, and other anxiety-based deviations from rationality
<p dir="ltr">This paper proposes that there is a set of behavioral deviations from standard rational choices that differs from the rest of the deviations. This set is characterized by anxiety-based choices that are truly non-rational, whereas the rest consists of deviations that are...
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2025
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