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During the last three decades the ascent of behavioral economics clearly helped to bring down artificial disciplinary boundaries between psychology and economics. Noting that behavioral economics seems still under the spell of the rational choice tradition and, indirectly, of behaviorism we...
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even has a chance to compete in a market. We contend that costs and constraints on the ability to experiment alter the type …
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even has a chance to compete in a market. We contend that costs and constraints on the ability to experiment alter the type …
Persistent link: https://www.econbiz.de/10013049664
even has a chance to compete in a market. We contend that costs and constraints on the ability to experiment alter the type …
Persistent link: https://www.econbiz.de/10012458309
The subject of this paper is how the epistemic limitations of individuals and their biases in reasoning affect collective decisions and in particular the functioning of democracies. In fact, while the cognitive sciences have largely shown how the imperfections of human rationality shape...
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