Presentation at ENVECHO in Verona
I gave a presentation at the Environmental Choice workshop in Verona, Italy. This post is copied with permission from ACRG.
Abstract When we analyze how people make choices, we assume taht they are rational utility maximizers. This assumption implies that people have full knowledge of their preferences, complete information about all available alternatives and an infinite ability to make trade-offs between them. These basic assumptions of economics allow us to make consistent predictions and derive welafare estimates.