Rationality Gone Awry?: Decision Making Inconsistent With Economic and Financial Theory
- List Price: $138.00
- Binding: Hardcover
- Publisher: Praeger Publishers
- Publish date: 09/01/1998
Description:
Traditional economic and financial theory is being challenged because the models derived from it are not predicting the behavior of successful producers, investors, or consumers as well as anticipated. The evidence of these anomolies suggests the importance of psychological, sociological, and other phenomena as factors in financial and economic behavior This book surveys and examines the increasing evidence of economic anomalies and argues for the necessity of a comprehensive behavioral framework for economics and finance. In the interim, Schwartz indicates how the tendency to use "rules of thumb" might be taken into account to improve predictions about decision making.
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Returnable at the third party seller's discretion and may come without consumable supplements like access codes, CD's, or workbooks.
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