Behavioural economics is not new! Consider this quote from John Maynard Keynes in 1937! "We have, as a rule, only the vaguest idea of any but the most direct consequences of our acts” (Keynes, Quarterly Journal of Economics, 1937)
Richard Thaler - FT Undercover Economist interview 2015
The use of laboratory experiments in behavioural economics has come under sustained criticism in recent years. Here are some of the criticisms made:
Evaluating these criticisms
© 2021 Tutor2u Limited. Company Reg no: 04489574. VAT reg no 816865400.