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Every Sedanet article in one place: conversations, essays, translations and book reviews, with search, categories and sorting. Each petal of the medallion is a category; tap one.
2,725 posts · 10 categories
The Sedanet Archive
Every Sedanet article in one place: conversations, essays, translations and book reviews, with search, categories and sorting. Each petal of the medallion is a category; tap one.
2,725 posts · 10 categories
The assumption of human rationality in neoclassical economics was challenged by Simon ('bounded rationality') and Kahneman. This critique paved the way for behavioral economics and 'nudge' theory, which is applied in public policy to correct irrational decisions.