Daniel Kahneman explained investors to themselves

 A psychologist at Princeton University and winner of the Nobel Prize in economics, Kahneman died on March 27, age 90.

Before the pioneering work done by Kahneman and his research partner, Amos Tversky, who died in 1996, economists had assumed that people were “rational,” meaning we are self-interested, use all available information to make unbiased decisions, and our preferences are consistent.

Kahneman and Tversky showed that’s nonsense. 

Jason Zweig Wall Street Journal 29 March 2024

 

Has behavioral economics lived up to the hype?

https://englundmacro.blogspot.com/2023/06/has-behavioral-economics-lived-up-to.html



Kommentarer

Populära inlägg i den här bloggen

Röd Öppning - Red Opening

Niklas Ekdal, bunkergängets apologet

Tickande bomben i Heimstaden AB