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This paper conducts a systematic comparison of behavioral economics’s challenges to the standard accounts of economic behaviors within three dimensions: under risk, over time and regarding other people. A new perspective on two underlying methodological issues, i.e., interdisciplinarity and...
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The paper investigates the role played by Friedman’s interpretation of the Brazilian inflation in his 1967 formulation of the natural rate hypothesis and in his 1976 discussion of indexation and other institutional arrangements in the face of chronic inflation. It is argued that, as an...
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extent that workers' (adaptive) price expectations lead to accelerating inflation or deflation, this will prompt central …
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The transcript of a panel discussion marking the fiftieth anniversary of John Muth's "Rational Expectations and the … of issues related to the rational-expectations hypothesis, including: its history, starting with Muth's work at Carnegie …
Persistent link: https://www.econbiz.de/10011603748
ensuing controversy on the purposes of the observation of attitudes, intentions and expectations. It claims that understanding …
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Over two days in February 1988, several key experimental economists and cognitive psychologists met to explore the possibilities of joint research promoted by the Sloan and Russell Sage Foundations under the rubric behavioral economics. The original vision that the meeting could open a line of...
Persistent link: https://www.econbiz.de/10011606828