The Global Financial Crisis and Behavioural Economics*
Conventional economics, which is based on Homo economicus, cannot provide a satisfactory explanation for the global financial crisis. However, behavioural economics, and the concept of present bias, self-serving bias, 'new era' stories, money illusion, comparisons with reference levels and herding, can provide an explanation. Copyright (c) 2009 The Economic Society of Australia.
Year of publication: |
2009
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Authors: | McDonald, Ian M. |
Published in: |
Economic Papers. - Economic Society of Australia - ESA. - Vol. 28.2009, 3, p. 249-254
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Publisher: |
Economic Society of Australia - ESA |
Saved in:
freely available
Saved in favorites
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