Economics, Econometrics and Finance
7 years ago

Economics on the Verge of Transformation with Behavioural Insights

RePEc: Research Papers in Economics
Stefan Heidl, Philosophical Problems of Behavioural Economics
Guilhem Lecouteux

Paper Summary

The article discusses how behavioral economics is becoming more prominent in the field of economics. The main idea is that all economics will eventually be based on evidence from human behavior. This approach is expected to lead to a more accurate understanding of economic phenomena, resulting in better predictions.

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