Behavioural Economics and Public Policy

 
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Manage episode 196756416 series 44820
By Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio streamed directly from their servers.
The assumption within the standard or mainstream economics, that individuals act to maximize their long-term best interest, have stable preferences, and are consistent rational actors has served as a useful benchmark for predicting behavior. This model of human behavior has influenced the design of public policy. Yet, these traditional ...

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