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Who uses the cost-benefit rules of choice? implications for the normative status of microeconomic theory

Publication ,  Journal Article
Larrick, RP; Nisbett, RE; Morgan, JN
Published in: Organizational Behavior and Human Decision Processes
January 1, 1993

We find three factors to be associated with use of cost-benefit rules in everyday decisions. These are effectiveness in achieving desirable life outcomes, intelligence, and training in economics. We argue that these empirical findings support the claim that cost-benefit reasoning is normative. © 1993 Academic Press, Inc.

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Published In

Organizational Behavior and Human Decision Processes

DOI

ISSN

0749-5978

Publication Date

January 1, 1993

Volume

56

Issue

3

Start / End Page

331 / 347

Related Subject Headings

  • Social Psychology
  • 52 Psychology
  • 35 Commerce, management, tourism and services
  • 17 Psychology and Cognitive Sciences
  • 15 Commerce, Management, Tourism and Services
 

Citation

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Larrick, R. P., Nisbett, R. E., & Morgan, J. N. (1993). Who uses the cost-benefit rules of choice? implications for the normative status of microeconomic theory. Organizational Behavior and Human Decision Processes, 56(3), 331–347. https://doi.org/10.1006/obhd.1993.1058
Larrick, R. P., R. E. Nisbett, and J. N. Morgan. “Who uses the cost-benefit rules of choice? implications for the normative status of microeconomic theory.” Organizational Behavior and Human Decision Processes 56, no. 3 (January 1, 1993): 331–47. https://doi.org/10.1006/obhd.1993.1058.
Larrick RP, Nisbett RE, Morgan JN. Who uses the cost-benefit rules of choice? implications for the normative status of microeconomic theory. Organizational Behavior and Human Decision Processes. 1993 Jan 1;56(3):331–47.
Larrick, R. P., et al. “Who uses the cost-benefit rules of choice? implications for the normative status of microeconomic theory.” Organizational Behavior and Human Decision Processes, vol. 56, no. 3, Jan. 1993, pp. 331–47. Scopus, doi:10.1006/obhd.1993.1058.
Larrick RP, Nisbett RE, Morgan JN. Who uses the cost-benefit rules of choice? implications for the normative status of microeconomic theory. Organizational Behavior and Human Decision Processes. 1993 Jan 1;56(3):331–347.
Journal cover image

Published In

Organizational Behavior and Human Decision Processes

DOI

ISSN

0749-5978

Publication Date

January 1, 1993

Volume

56

Issue

3

Start / End Page

331 / 347

Related Subject Headings

  • Social Psychology
  • 52 Psychology
  • 35 Commerce, management, tourism and services
  • 17 Psychology and Cognitive Sciences
  • 15 Commerce, Management, Tourism and Services