Behavioural economics has highlighted what we have known all along – humans are emotional, myopic, and easily confused and distracted. At #LINOecon, laureates Robert Aumann, Richard Thaler and Daniel McFadden discussed how economists are embracing how we really behave to make safe predictions and inform decision-making.
What do green pastures, COVID-19, and climate change have in common? More than you probably think, it´s all about the "Tragedy of the Commons".
From cashew nuts to behavioural economics: Hersh Shefrin provides a personal perspective on Nobel Laureate Richard Thaler's major contributions to research on people’s limited rationality, their perceptions about fairness and their lack of self-control.From cashew nuts to behavioural economics: Hersh Shefrin provides a personal perspective on Nobel Laureate Richard Thaler's major contributions to research on people’s limited rationality, their perceptions about fairness and their lack of self-control.
The 2017 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel is awarded to Richard H. Thaler ‘for his contributions to behavioural economics’2017 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel is awarded to Richard H. Thaler ‘for his contributions to behavioural economics’
#LindauEcon14 participant Matthew S. Wilson explores how our beliefs about the effectiveness of monetary policy could themselves lead to the desired outcome.
