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Trade-off talking rational economic person : ウィキペディア英語版 | Trade-off talking rational economic person Trade-off talking rational economic person (acronym: T.O.T.R.E.P.) is one term, among various, used to denote, in the field of choice analysis, the rational, human agent of economic decisions. ==Origin of term== The term was first used notably in David M. Kreps' ''Notes on the Theory of Choice'' (1988).〔Kreps, David M. ''Notes on the Theory of Choice'', Westview Press / Boulder and London, Colorado USA, 1988, ISBN 0-8133-7553-3〕 Kreps, in his preface, acknowledges Mike Harrison of first using the acronym Totrep. In his work on the theory of Choice, (Michael Allingham ) characterizes the notion "denoted by TOTREP" as something "both to admire and worry about".〔Allingham, Michael. ''Rational Choice'', London and Basingstoke: Macmillan, 5 September 1999〕 Studies of the concept of the Trade-off Talking Rational Economic Person are now routinely conducted in the related fields of Theory of Choice, the Mathematics of Decision Making,〔E.g.("The Logic of Preferences" ), assignment in Harvard University, Spring 2000〕 etc.
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