Decision Sciences
8 years ago

Irrational Behavior Shakes Economic Theory, Challenges Traditional Assumptions

Journal of Political Economy
Irrational Behavior and Economic Theory
Gary S. Becker

Paper Summary

The article discusses how people sometimes make irrational decisions when it comes to money. The researchers explore how these behaviors can affect economic theories. They found that not all individuals make rational choices, and this can impact how we understand economic principles.

Related papers

Theme background image
Social Sciences
6 years ago

University students' quality needs drive education improvements, Kano model reveals.

Education Technology
Governance Studies
Education Trends
5 views
Economics, Econometrics and Finance
8 years ago

New study challenges traditional economic theory on consumer behavior.

Monetary Models
Economic Institutions
Behavioral Economics
Theme background image
Computer Science
4 years ago

High gambling accessibility and irrational beliefs increase adolescent gambling problems significantly.

Smart Learning
Health Care Research
Adolescent Well-being