Quote from: Good Topic

Personally, I don't see old economics and behavioural economics as opposed. It is useful to assume people are rational as a good approximation to their long term behaviour, but it would be unwise not to think how in practice their behaviour may deviate from that simplifying assumption.


Share this:  

Author Bio


  • NameEvan Davis
  • DescriptionBritish economist, journalist and presenter
  • BornApril 8, 1962
  • CountryUnited Kingdom
  • ProfessionJournalist; Economist