Finance Has Caught On to Behavioral Economics
A lot of ink has been spilled (some of it by yours truly) about behavioral economics on the occasion of of Richard Thaler’s new book, "Misbehaving." The debates echo others that have been reverberating through the halls of academia since the 1980s. In general, behavioral economics has failed to penetrate the field of macroeconomics. University of Michigan macroeconomist Christopher House -- typically a staunch defender of the status quo in the field -- wrote last year that behavioral econ was a “fad” and has been largely a failure.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.
- Talking North Korea and Iran With Israel's Rocket Man
- Trump Falls on Ceremony. He Should Stop Trying.
- Trump’s Quiet Campaign to Undermine Background Checks
- Richard Spencer Has Only Himself to Blame for Hecklers
- Stick With Numbers When Judging Trump's Rally
- Why You Don't Know Anybody in the Military
- U.S. Tried and Failed to Stave Off Iraq's Advance on the Kurds