Irrational Behavioral Economics: Predicting the Unpredictable

Summary

Do we always make rational choices? In other words: Are all human’s homo economicus? Certainly not. But this was not so obvious until the beginning of XX century, when the behavioral economics was developed. Behavioral economics is a group of concepts which put into question the rational character of people’s financial decisions.

©2018 Naven Johnson (P)2018 Naven Johnson