GARP for Kids: On the Development of Rational Choice Behavior
Abstract
GARP for Kids: On the Development of Rational Choice Behavior by William T. Harbaugh, Kate Krause and Timothy R. Berry. Published in volume 91, issue 5, pages 1539-1545 of American Economic Review, December 2001
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In the discrete setting, a locally non-satiated, strictly monotonic, continuous, and concave utility may violate GARP, demonstrating the need to use the assumption of strong monotonicity.
“In our discrete setting, (23) shows that a locally non-satiated, strictly monotonic, continuous, and concave utility may violate GARP and demonstrates the need to use the assumption of strong monotonicity (see also ref. 55 for discussions).”
From The emergence of economic rationality of GPT (2023) · cites this paper as [23]
Cites
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Samuelson, P. A. (1938) · Economica · doi:10.2307/2548836 · Cited by 2,342 · see citing works
Giving According to GARP: An Experimental Test of the Consistency of Preferences for Altruism
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Harbaugh, W., & Krause, K. (2000) · Economic Inquiry · doi:10.1111/j.1465-7295.2000.tb00006.x · Cited by 260 · see citing works
Self-citationEconomic Choice Theory: An Experimental Analysis of Animal Behavior
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How Basic Are Behavioral Biases? Evidence from Capuchin Monkey Trading Behavior
Chen, M. K., Lakshminarayanan, V., & Santos, L. R. (2006) · Journal of Political Economy · doi:10.1086/503550 · Cited by 472 · see citing works
Choi, S., Kariv, S., Müller, W., & Silverman, D. (2014) · American Economic Review · doi:10.1257/aer.104.6.1518 · Cited by 277 · see citing works
The Money Pump as a Measure of Revealed Preference Violations
Echenique, F., Lee, S., & Shum, M. (2011) · Journal of Political Economy · doi:10.1086/665011 · Cited by 160 · see citing works
The emergence of economic rationality of GPT
Chen, Y., Liu, T. X., Shan, Y., & Zhong, S. (2023) · Proceedings of the National Academy of Sciences · doi:10.1073/pnas.2316205120 · Cited by 164 · see citing works
“Economic rationality has also been measured in children (Brocas et al., 2019; Harbaugh et al., 2001), monkeys (Chen et al.”
BackgroundMethodInfluentialChung, H.-K., Tymula, A., & Glimcher, P. (2017) · The Journal of Neuroscience · doi:10.1523/jneurosci.1171-17.2017 · Cited by 40 · see citing works
- Authors
- Harbaugh, W. T., Krause, K., & Berry, T. R.
- Affiliations
- National Bureau of Economic Research (US)
- University of New Mexico (US)
- University of Oregon (US)
- Venue
- American Economic Review
- Publisher
- American Economic Association
- Published
- 2001-12-01
- Volume
- 91
- Issue
- 5
- Pages
- 1539-1545
- ISSN
- 0002-8282 (ISSN-L)
- OpenAlex
- W2015177607
- Cited by
- 279
- References
- 11
- Citations by year
- 2026: 19 · 2025: 9 · 2024: 4 · 2023: 10 · 2022: 9 · 2021: 17 · 2020: 17 · 2019: 13 · 2018: 9 · 2017: 15 · 2016: 6 · 2015: 13 · 2014: 18 · 2013: 13 · 2012: 14
- FWCI
- 2.21
- Type
- journal article
- Language
- en
- Open access
- closed
- Locations
- American Economic Review (publishedVersion)
- RePEc: Research Papers in Economics (submittedVersion)
- Topics
- Social Sciences › Decision Sciences › General Decision Sciences › Decision-Making and Behavioral Economics
- Social Sciences › Safety Research › Experimental Behavioral Economics Studies
- Social Sciences › Business, Management and Accounting › Accounting › Financial Literacy, Pension, Retirement Analysis
- Keywords
- children, behavioral development, decision-making
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