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- Title
EL ASCENSO DE LA ECONOMÍA DEL COMPORTAMIENTO: MISBEHAVING, DE RICHARD THALER.
- Authors
Sunstein, Cass R.
- Abstract
Behavioral economics emerged in the 1980s, above all because of the creative work of Richard Thaler, exploring the relevance of the endowment effect, mental accounting, concern for fairness, and other "anomalies" from the standpoint of standard economic theory. His engaging book, Misbehaving, offers a narrative account of how these ideas came about, and also explores some of their implications for the future. Continuing challenges include making predictions when behavioral findings cut in different directions (as, for example, where optimistic bias conflicts with availability bias); understanding the line between nudging and manipulation; and applying behavioral findings to pressing public policy challenges, such as poverty, education, terrorism, and climate change.
- Subjects
MISBEHAVING (Book); THALER, Richard H., 1945-; BEHAVIORAL economics; MENTAL accounting (Economic theory); ENDOWMENT effect (Economics); ECONOMICS
- Publication
Revista de Economía Institucional, 2019, Vol 21, Issue 41, p5
- ISSN
0124-5996
- Publication type
Article
- DOI
10.18601/01245996.v21n41.01