The Global Financial Crisis and Behavioural Economics
Conventional economics, which is based on Homo economicus, cannot provide a satisfactory explanation for the global financial crisis. However, behavioural economics, and the concept of present bias, self-serving bias, 'new era' stories, money illusion, comparisons with reference levels and herding, can provide an explanation. Copyright (c) 2009 The Economic Society of Australia.
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Volume (Year): 28 (2009)
Issue (Month): 3 (09)
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