Economic agents consistently act in accordance with rational choice theory
the verdict
REFUTED
the evidence says no
confidence 9/100
Economic agents consistently acting in accordance with strict rational choice theory is refuted by extensive literature demonstrating bounded rationality, psychological biases, and contextual decision-making deviations.
Evidence for · 1
Interpreting the Choice Logic Surrounding High-Scoring Students' Enrollment in China's Vocational Secondary-Undergraduate Articulation Program: A Theoretical Thematic Analysis of Public Discourse.
2026 · cited by 0
Paper [4] demonstrates that high-scoring students' educational choices can be effectively interpreted as a rational response to structural constraints and incentives.
Evidence against · 4
Perceptual rationality: an evolutionary game theory of perceptually rational decision-making.
2025 · cited by 1
Paper [0] highlights bounded rationality and perceptual diversity rather than strictly consistent rational choice.
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More against · 3
Collaborative strategies for planning post-earthquake waste disposal facilities: a bounded rationality perspective.
2026 · cited by 0
Paper [3] explicitly uses a bounded rationality framework for stakeholder decision-making in disaster waste management.
Behavioral Economics in People Management: A Critical and Integrative Review.
2026 · cited by 0
Paper [5] underscores that behavioral economics—which critiques traditional pure rationality—better explains human decision-making in practice.
Evolutionary game model for public health emergency management in universities.
2026 · cited by 0
Paper [7] incorporates bounded rationality and incomplete information into its evolutionary game model of public health emergency management.