All Posts Tagged With: "rational consumer"

Libertarian Paternalism: A Test

Behavioral economics is a growing subfield of economics based on the finding that people are not as rational as economic models have traditionally assumed. Numerous experiments have shown that people’s choices are systematically altered in response to changes in how those choices are framed, even though the framing is irrelevant to the consequences of those [...]

1Jul2007 | Dwight R. Lee | 0 comments | Continued
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