Details

Autor(en) / Beteiligte

• Thaler, Richard H.

Titel

From Cashews to Nudges: The Evolution of Behavioral Economics

Ist Teil von

• The American economic review, 2018-06, Vol.108 (6), p.1265-1287

Ort / Verlag

Nashville: American Economic Association

Erscheinungsjahr

2018

Link zum Volltext

Quelle

EBSCOhost Business Source Ultimate

Beschreibungen/Notizen

• In the beginning there were stories. People think in stories, or at least I do. My research in the field now known as behavioral economics started from real life stories I observed while I was a graduate student at the University of Rochester. Economists often sneer at “anecdotal data” and I had less than that—a collection of anecdotes without a hint of data. Yet, each story captured something about human behavior that seemed inconsistent with the economic theory I was struggling to master in graduate school. Behavioral economics has come a long way from my initial set of stories. The current generation of behavioral economists are using all the modern tools of economics, from theory to big data to structural models to neuroscience, and they are applying those tools to most of the domains in which economists practice their craft. This is crucial to making descriptive economics more accurate.