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Book review: Behavioural economics and finance

Grodecka, Anna (2013) Book review: Behavioural economics and finance. LSE Review of Books (26 Jun 2013). Blog Entry.

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Abstract

"Behavioural Economics and Finance. Michelle Baddeley. Routledge. 2013. --- Standard models in economics usually assume that people are rational, self-interested maximisers, effectively co-ordinated via the invisible hand of the price mechanism. Whilst these approaches produce tractable, simple models, they cannot fully capture the uncertainties and instabilities that affect our everyday choices. Behavioural Economics and Finance brings economics and finance together with psychology, neuroscience and sociology, aiming to introduce the reader to some of the key concepts and insights from this rich, inter-disciplinary approach to real-world decision-making. Reviewed by Anna Grodecka.

Item Type: Online resource (Blog Entry)
Official URL: http://blogs.lse.ac.uk/lsereviewofbooks/
Additional Information: © 2013 The Author; Online
Divisions: LSE
Subjects: B Philosophy. Psychology. Religion > BF Psychology
H Social Sciences > HB Economic Theory
H Social Sciences > HG Finance
H Social Sciences > HM Sociology
R Medicine > RC Internal medicine > RC0321 Neuroscience. Biological psychiatry. Neuropsychiatry
Sets: Collections > LSE Review of Books
Date Deposited: 04 Nov 2013 13:11
Last Modified: 06 Oct 2019 23:18
URI: http://eprints.lse.ac.uk/id/eprint/54012

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