Economics Dictionary of Arguments

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Richard Thaler on Deceptions - Dictionary of Arguments

Mause I 67
Deception/Error/Economy/Thaler/Sunstein: The booming Behavioral Economics has been able to prove in countless empirical studies that people systematically make mistakes, e.g. due to framing effects, problematic anchors for decisions, due to certain bias or the tendency to overestimate future benefits.
>Anchoring effect
, >Frames, >Frame theories, >Cognitive bias, >Optimism bias.
Thesis: Systematic errors must also be taken into account systematically in order to draw conclusions for a possible improvement in prosperity.

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Explanation of symbols: Roman numerals indicate the source, arabic numerals indicate the page number. The corresponding books are indicated on the right hand side. ((s)…): Comment by the sender of the contribution. Translations: Dictionary of Arguments
The note [Concept/Author], [Author1]Vs[Author2] or [Author]Vs[term] resp. "problem:"/"solution:", "old:"/"new:" and "thesis:" is an addition from the Dictionary of Arguments. If a German edition is specified, the page numbers refer to this edition.

EconThaler I
Richard Thaler
Misbehaving: The Making of Behavioral Economics New York 2016

Mause I
Karsten Mause
Christian Müller
Klaus Schubert,
Politik und Wirtschaft: Ein integratives Kompendium Wiesbaden 2018


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