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15 février 2013
- handle: 10670/1.bytfoj
- isbn: 9781906924935
- eisbn: 9781906924942
https://creativecommons.org/licenses/by-sa/4.0/ , info:eu-repo/semantics/openAccess
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behavioural economics economic crisis rationality irrationality homo economicus game theory theory of non-cooperative games competitive equilibrium quantal response equilibrium Nash equilibrium elections Economics Business, Finance BUS069030 KCASujets proches
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David K. Levine, « 6. Behavioral Theories I: Biases and Irrationality », Open Book Publishers, ID : 10670/1.bytfoj
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It is true that from a behavioral economics perspective we are fallible, easily confused, not that smart, and often irrational. We are more like Homer Simpson than Superman. Dan Ariely at danariely.com Economic theory has its weaknesses: the theory of approximate Nash equilibrium may be ”correct” but it doesn’t always yield strong predictions. Understanding the psychological elements that predominate when economic incentives are weak – understanding the ”epsilons” – would be of great value to...