Quasi Rational Economics
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.... the food in the oven to finish cooking, I brought a large bowl of cashew nuts into the living room where people were having cocktails. In a few minutes, half the bowl of nuts was gone, and I could see that our appetites were in danger. Quicklyanbsp;...
| Title | : | Quasi Rational Economics |
| Author | : | Richard H. Thaler |
| Publisher | : | Russell Sage Foundation - 1994-01-04 |
You must register with us as either a Registered User before you can Download this Book. You'll be greeted by a simple sign-up page.
Once you have finished the sign-up process, you will be redirected to your download Book page.
How it works:- 1. Register a free 1 month Trial Account.
- 2. Download as many books as you like (Personal use)
- 3. Cancel the membership at any time if not satisfied.
