Behavioral Economics Isn’t Very Useful
Behavioral economists are masters of comparing apples to oranges and dressing up incorrect statements in fancy language and mathematics.
Tag: nudge
Mises India : Behavioral Economics is the New Excuse for Modi’s Tyranny
By Madhusudan Raj on Mises India Chapter 2, Vol I of the Economic Survey of India 2018-19 begins with this title: Policy for Homo Sapiens, Not Homo Economicus: Leveraging the Behavioural Economics of “Nudge”. It starts with the following Sanskrit stanza: We cannot rely totally on rational thinking to gain information, as it is not […]