The future of behavioral economics: A conjecture

posted by
December 23, 2010
by David Friedman  
Posted in Commentary

"Conventional economic theory is based on the assumption that individuals act rationally. Behavioral economics modifies that by trying to take account of various observed patterns of predictable irrationality. A recent post of mine on a different blog discussed my somewhat mixed views of the project. Thinking further on the subject, a conjecture about the future of behavioral economics occurred to me." (12/22/10)  


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