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🔆Is Behavioral Economics Doomed?
#Book

✍🏻David K. Levine (Royal Holloway University of London)

◾️In this comprehensive critique of behavioral economics, Levine examines the fundamental tension between rational choice theory and behavioral approaches in economics. The book systematically explores whether psychological explanations and behavioral theories truly address the limitations of traditional economic theory.

Starting with an evaluation of economic theory's empirical successes and failures, both in laboratory and real-world settings, Levine develops a rigorous framework for analyzing behavioral theories. He delves into crucial topics including rationality in decision-making, systematic biases, temporal choices, and decision-making under uncertainty. The analysis extends to learning processes and social interactions, culminating in a thoughtful examination of the intersection between psychology, neuroscience, and economics.

Throughout nine carefully structured chapters, Levine challenges popular assumptions about irrational behavior and psychological biases, offering a nuanced perspective on how human psychology influences economic decisions. The book concludes by examining the broader implications for the future of economic theory and its relationship with behavioral sciences.

🌐https://www.openbookpublishers.com/product/77


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