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Economics, Economists, And Behavioural Economics: Some Issues Of Choice

Author

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  • JACK L. KNETSCH

    (Simon Fraser University, Canada)

Abstract

Economic behaviour observed in experiments and in people's everyday dealings is often at variance with predictions and explanations based on standard theory. The findings of systematic patterns of such economic behaviour provide significant opportunities to extend the usefulness of economics. However, like the hesitation of participants in economic experiments to give up their coffee mugs, economists appear reluctant to take advantage of these opportunities.

Suggested Citation

  • Jack L. Knetsch, 2004. "Economics, Economists, And Behavioural Economics: Some Issues Of Choice," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 49(01), pages 19-35.
    • Handle: RePEc:wsi:serxxx:v:49:y:2004:i:01:n:s0217590804000779
    DOI: 10.1142/S0217590804000779
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