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Picking Up the Gauntlet: Richard Thaler's Defence of Behavioural Economics

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  • Paul Ormerod

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  • Paul Ormerod, 2016. "Picking Up the Gauntlet: Richard Thaler's Defence of Behavioural Economics," Economic Affairs, Wiley Blackwell, vol. 36(1), pages 91-101, February.
    • Handle: RePEc:bla:ecaffa:v:36:y:2016:i:1:p:91-101
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    References listed on IDEAS

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    1. Gode, Dhananjay K & Sunder, Shyam, 1993. "Allocative Efficiency of Markets with Zero-Intelligence Traders: Market as a Partial Substitute for Individual Rationality," Journal of Political Economy, University of Chicago Press, vol. 101(1), pages 119-137, February.
    2. Daniel Kahneman & Amos Tversky, 2013. "Prospect Theory: An Analysis of Decision Under Risk," World Scientific Book Chapters, in: Leonard C MacLean & William T Ziemba (ed.), HANDBOOK OF THE FUNDAMENTALS OF FINANCIAL DECISION MAKING Part I, chapter 6, pages 99-127, World Scientific Publishing Co. Pte. Ltd..
    3. Loomes, Graham & Starmer, Chris & Sugden, Robert, 1991. "Observing Violations of Transitivity by Experimental Methods," Econometrica, Econometric Society, vol. 59(2), pages 425-439, March.
    4. R. M. Harstad & R. Selten, 2014. "Bounded-rationality models:tasks to become intellectually competitive," Voprosy Ekonomiki, NP Voprosy Ekonomiki, issue 5.
    5. Armen A. Alchian, 1950. "Uncertainty, Evolution, and Economic Theory," Journal of Political Economy, University of Chicago Press, vol. 58(3), pages 211-211.
    6. von Hayek, Friedrich August, 1989. "The Pretence of Knowledge," American Economic Review, American Economic Association, vol. 79(6), pages 3-7, December.
    7. V. P. Crawford, 2014. "Boundedly rational versus optimization-based models of strategic thinking and learning in games," Voprosy Ekonomiki, NP Voprosy Ekonomiki, issue 5.
    8. David Laibson, 1997. "Golden Eggs and Hyperbolic Discounting," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 112(2), pages 443-478.
    9. Ormerod, Paul & Mounfield, Craig, 2000. "Random matrix theory and the failure of macro-economic forecasts," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 280(3), pages 497-504.
    10. Matthew Rabin, 2013. "Incorporating Limited Rationality into Economics," Journal of Economic Literature, American Economic Association, vol. 51(2), pages 528-543, June.
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    Cited by:

    1. Steven Horwitz, 2016. "Behavioural Economics: A Virginia Political Economy Perspective," Economic Affairs, Wiley Blackwell, vol. 36(3), pages 273-281, October.

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