Is Behavioral Economics Doomed? The Ordinary versus the Extraordinary

Is Behavioral Economics Doomed? The Ordinary versus the Extraordinary

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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 e...

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Bibliographic Details
Main Author: K. Levine, David (auth)
Format: Electronic Book Chapter
Language:English
Published: Open Book Publishers 2012
Subjects:
game theory
economics
psychology
microeconomics
rationality
economic models
economic theory
Behavioral economics
Nash equilibrium
Risk aversion
Subgame perfect equilibrium
Online Access:DOAB: download the publication
DOAB: description of the publication
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