Quasi Rational Economics
Autor Richard H. Thaleren Limba Engleză Paperback – 3 ian 1994
Standard
economics
theory
is
built
on
the
assumption
that
human
beings
act
rationally
in
their
own
self
interest.
But
if
rationality
is
such
a
reliable
factor,
why
do
economic
models
so
often
fail
to
predict
market
behavior
accurately?
According
to
Richard
Thaler,
the
shortcomings
of
the
standard
approach
arise
from
its
failure
to
take
into
account
systematic
mental
biases
that
color
all
human
judgments
and
decisions.
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Specificații
ISBN-13: 9780871548474
ISBN-10: 087154847X
Pagini: 389
Dimensiuni: 152 x 229 x 28 mm
Greutate: 0.58 kg
Ediția:Revised
Editura: Russell Sage Foundation
Colecția Russell Sage Foundation
ISBN-10: 087154847X
Pagini: 389
Dimensiuni: 152 x 229 x 28 mm
Greutate: 0.58 kg
Ediția:Revised
Editura: Russell Sage Foundation
Colecția Russell Sage Foundation
Notă biografică
RICHARD H. THALER is Henrietta Johnson Louis Professor of Economics, and director of the Center for Behavioral Economics and Decision Research, Johnson Graduate School of Management, Cornell University.
Descriere
Standard economics theory is built on the assumption that human beings act rationally in their own self interest. But if rationality is such a reliable factor, why do economic models so often fail to predict market behavior accurately? According to Richard Thaler, the shortcomings of the standard approach arise from its failure to take into account systematic mental biases that color all human judgments and decisions.