Misbehaving: The Making Of Behavioral Economics Suclass Code_11AR Holly feels utterly lost and

Holly feels utterly lost and depressed

* Applying reasoning skills

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Misbehaving: The Making Of Behavioral Economics Suclass Code_11AR Holly feels utterly lost andTraditional economics assumes rational actors. Early in his research, Thaler realized these Spock like automatons were nothing like real people. Whether buying a clock radio, selling basketball tickets, or applying for a mortgage, we all succumb to biases and make decisions that deviate from the standards of rationality assumed by economists. In other words, we misbehave. More importantly, our misbehavior has serious consequences. Dismissed at first