Economics, Econometrics and Finance
3 years ago

Unveiling the Clash Between Rational and Behavioral Economics: Key Differences Exposed

1 view
SSRN Electronic Journal
Rational Economics in Comparison to the Case of Behavioral Economics (Keynesian, and Neoclassical Approaches)
Constantinos Challoumis - Κωνσταντίνος Χαλλουμής

Paper Summary

The article compares rational economics with behavioral economics, highlighting their differences. It aims to show the unique features of each approach and how they differ. The main goal is to emphasize the key attributes of both types of economics and to point out the distinctions between them.

Related papers

Economics, Econometrics and Finance
4 years ago

Real-time data improves economic model accuracy, challenges rational expectations.

Macroeconomic Analysis
Public Finance
Infrastructure Impact
Economics, Econometrics and Finance
5 years ago

Keynesian economics resurgence reshapes global fiscal and monetary policies.

Macroeconomic Trends
2 views
Economics, Econometrics and Finance
5 years ago

Keynesian economics revived by understanding financial system's crucial role.

Macroeconomic Trends
Economic Institutions
Monetary Models
2 views