This article develops an account of a theory of rational choice based on the conception of rationality as a normatively justified correspondence between interests and choices. In this conception, rationality is best thought of as a property not of individual actions, but of a complex two-level phenomenon comprised of the social justification of behavioral norms and of the everyday choices made ...

CONTEXT Mentoring, as a partnership in personal and professional growth and development, is central to academic medicine, but it is challenged by increased clinical, administrative, research, and other educational demands on medical faculty. Therefore, evidence for the value of mentoring needs to be evaluated. OBJECTIVE To systematically review the evidence about the prevalence of mentorship ...

Although the economic integration of immigrants has been the subject of a large number of studies, the research on the effect of intermarriage on immigrants' economic integration/assimilation is scarce and has no equivalence in the literature on the receipt of social assistance. This study fills this gap in the literature by estimating the structural state dependence in social assistance in Swe...

One striking phenomenon in the U.S. labor market is the reversal of the gender gap in college attainment. Females have outnumbered males in college attainment since 1987. We develop a discrete choice model of college entry decisions to study the effects of changes in relative earnings, changes in parental education, and changes in the marriage market on time series observations of college attai...

We propose an integrated activity-based discrete choice model system of an individual’s activity and travel schedule, for forecasting urban passenger travel demand. A prototype demonstrates the system concept using a 1991 Boston travel survey and transportation system level of service data. The model system represents a person’s choice of activities and associated travel as an activity pattern ...

T concept of habit or inertia in the context of (reluctance to) change in travel behavior has an important bearing on transport policy (e.g., how to break car use habits) and has remained an unresolved issue in demand modeling. Another major problem in modeling the response to policy measures is the potential correlation or dependence between the choices made by a given individual over time (i....

In this paper we propose benchmark values for the coefficients of relative risk aversion and relative prudence on the basis of a binary choice model where the decision maker chooses between aggregating or disaggragating multiplicative risks. We relate our results to the decison maker’s willingness to trade-off the second with the first and the third (central) moment of his wealth distribution.

This paper empirically examines the factors that drive firms to locate in Guangdong province, China. By dividing Guangdong province into 21 cities, I detect characteristics in each city and find how such characteristics affect firms’ location choices. During the period of economic reform in China in the past decades, industrial agglomeration, government preferential policy, resource endowment c...

The value of time (VOT) is one of the most important values in transportation planning. Although the trip-based models are widely used for estimating the VOT, the trip-based travel model can evaluate the VOT for travelers only. This paper formulates the individual’s choice of whether to travel or not with an activity-based modeling approach. I develop a discrete choice model and a discrete-cont...

What is the fair distribution of gains and losses from risk taking? The answer to this question has wide-ranging implications for economic policy. This paper studies people’s fairness preferences in risky situations. It reports the results from a two stage dictator game where the distribution phase was preceded by a risk-taking phase in which individuals made decisions about whether to take ris...