Quasi Rational Economics by Richard H. Thaler

Quasi Rational Economics

Richard H. Thaler

389 pages first pub 1991 (editions)

nonfiction business economics psychology informative reflective medium-paced
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Standard economics theory is built on the assumption that human beings act rationally in their own self interest. But if rationality is such a reliable factor, why do economic models so often fail to predict market behavior accurately? According t...

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