Study on Rational Assumption in Experimental Economics
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Graphical Abstract
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Abstract
Some problems about rational assumption in experimental economics are discussed in this paper Several paradox in economic experiments are raised. Rational and irrational factors included are analyzed. Four pieces of conclusions ale drawn that the:maximization of individual utility or benefits can not be ensured under rational assumption; rational assumption is influenced by behavior repetition; rational assumption is influenced by claim for "justice"; and irrational factors are influenced by their cultural background.
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