CAN EXPERIMENTS FALSIFY EXPECTED UTILITY THEORY

摘要: Some recent articles debate the implications of results experimental economics. It is claimed by some that these challenge assumptions expected utility theory. Others deny this. Both sides presume rationality or utility-maximization are potentially falsifiable empirical tests. This article contests this assumption. Building on previous work in economic methodology, it argued non-falsifiable assumptions, such as standard postulates, universal. Hence they can embrace any phenomenon. That both their strength and weakness. The concludes among economists only proceed if accept non-falsifiability key propositions under dispute. done, protagonists turn to more pertinent questions criteria for choosing theories. In particular, economics may have a role suggesting narrow context-specific behavioural