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It is fashionable to criticize economic theory for focusing too much on rationality and ignoring the imperfect and emotional way in which real economic decisions are reached. All of us facing the global economic crisis wonder just how rational economic men and women can be. Behavioral economics?an effort to incorporate psychological ideas into economics?has become all the rage. This book by well-known economist David K. Levine questions the idea that behavioral economics is the answer to economic problems. It explores the successes and failures of contemporary economics both inside and outside the laboratory. It then asks whether popular behavioral theories of psychological biases are solutions to the failures. It not only provides an overview of popular behavioral theories and their history, but also gives the reader the tools for scrutinizing them. Levine?s book is essential reading for students and teachers of economic theory and anyone interested in the psychology of economics.
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Previews available in: English
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1
Is Behavioral Economics Doomed?: The Ordinary versus the Extraordinary
2012, Open Book Publishers
in English
1906924929 9781906924928
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3
Is Behavioral Economics Doomed?
Publish date unknown, Open Book Publishers
in English
1906924945 9781906924942
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- Created April 7, 2014
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September 11, 2024 | Edited by MARC Bot | import existing book |
June 24, 2024 | Edited by Scott365Bot | import existing book |
April 7, 2014 | Edited by Robin Lionheart | gr |
April 7, 2014 | Edited by Robin Lionheart | Edited without comment. |
April 7, 2014 | Edited by Robin Lionheart | Added new cover |