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What is Efficient Measures of Rationality about?

This document discusses the importance of measuring rationality in economic choices, highlighting the limitations of existing measures due to computational complexity. It introduces novel methods for efficiently computing these measures and presents simulation-based comparisons to identify the most effective ones, particularly emphasizing variations that prioritize the existence of mistakes. Additionally, the paper provides a method for calculating statistical significance levels for rationality violations,

Author

Tejpal Singh Sandhu

Language

EN