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Quasi Rational Economics

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  • 389 stron
  • 14 godzin czytania

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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.

Zakup książki

Quasi Rational Economics, Richard H. Thaler

Język
Rok wydania
1994
Oprawa
(miękka)
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Tytuł
Quasi Rational Economics
Język
angielski
Rok wydania
1994
Oprawa
miękka
Liczba stron
389
ISBN10
087154847X
ISBN13
9780871548474
Seria
Opis
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.