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Quasi Rational Economics

Quasi Rational Economics

Paperback (04 Jan 1994)

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    Publisher's Synopsis

    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.

    Book information

    ISBN: 9780871548474
    Publisher: Russell Sage Foundation
    Imprint: Russell Sage Foundation
    Pub date:
    DEWEY: 330
    DEWEY edition: 21
    Language: English
    Number of pages: 367
    Weight: 585g
    Height: 230mm
    Width: 153mm
    Spine width: 30mm

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