Over at the Prospect Magazine there is a debate between Pete Lunn and Tim Harford on the question Behavioural economics: is it such a big deal?
Behavioural economics is becoming increasingly fashionable. Does it represent a revolution in economic thinking? Or does it merely provide a few handy insights into the more irrational behaviours of individuals.
Peter Lun argues yes it is a revolution, Tim Harford says no.
(HT: Eric Crampton)
Monday, 1 September 2008
Behavioural economics: is it such a big deal?
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