A Practicum in Behavioral Economics
About This Book
1 Miscalculations, Cognitive Illusions, Misjudgments, and ‘Effects’ We begin by considering some well-known miscalculations that bedevil and typify Homo sapiens. (Relatively Simple) Miscalculations Answers Box 1 — The ball costs $0.05. Box 2 — It would take 5 minutes. Box 3 — The syllogism is not valid. Box 4 — It would take 47 days. Homo economicus would have scored a perfect four out of four. What was your score? (Relatively Complex) Miscalculation Wason (1968) proposed the following test of f
| Category | business |
|---|---|
| Subject | Behavioural economics, , , |
| Year | 2023 |
| Authors | |
| Chapters | 7 |
| Word Count | |
| Price | |
| Institution | Utah State University |
| License | Creative Commons - Attribution - https://creativecommons.org/licenses/by/4.0/ |
Chapters
- 1 Miscalculations, Cognitive Illusions, Misjudgments, and ‘Effects’
- 3 The Rationality of Homo economicus
- 4 The Reality of Homo sapiens
- 5 Laboratory Experiments: The Rationality of Homo economicus Versus the Reality
- 6 Laboratory Experiments: Additional Differences Between Homo economicus and Hom
- 7 Some Classic Games of Iterated Dominance
- 9 The Studies and Experiments