The Troubling State of Behavioral Economics
The goal of behavioral economics is to explain “why people behave the way they do in the real world” through a multidisciplinary approach that combines economics and psychology into a singular discipline. Although behavioral economics was born from a noble ambition—to better explain real-world decision-making by integrating psychology into economic models—it has largely failed to … The post The Troubling State of Behavioral Economics appeared first on Independent Institute.