Quote of the Day | 1218
Akerlof and Shiller contend that behavioral economists have failed to explore, or perhaps even to see, the ubiquity of phishing, and the extent to which free markets promote it. Instead of a catalog of human errors and behavioral biases, they seek a more general account, one that gives “a picture to the mental frames that inform people’s decisions.” That picture involves “the stories we are telling ourselves.” Akerlof and Shiller believe that the idea of storytelling is “a new variable” for economics, one that explains why “people make decisions that can be quite far from maximizing their own welfare.”
[x]#12155 fan vrijdag 18 december 2015 @ 22:30:32
