Is Behavioral Economics Doomed: The Ordinary Versus The Extraordinary
By:
- Synopsis
-
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.
- Copyright:
- 2012
Book Details
- Book Quality:
- Publisher Quality
- Book Size:
- 141 Pages
- ISBN-13:
- 9781906924959
- Publisher:
- Open Book Publishers
- Date of Addition:
- 03/16/22
- Copyrighted By:
- David K. Levine
- Adult content:
- No
- Language:
- English
- Has Image Descriptions:
- No
- Categories:
- Nonfiction, Mathematics and Statistics
- Submitted By:
- Bookshare Staff
- Usage Restrictions:
- This book is freely available to all subject to the Creative Commons license listed inside the book.