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Jodi Beggs: Models Behaving Badly, Part 2

Summary:
“Textbooks are beginning to integrate behavioral economics into principles textbooks, but it’s not always clear how behavioral concepts affect the traditional models that instructors teach at the introductory level. This talk will outline the ways economic actors can deviate from the assumption of rationality and give several examples of how to adapt basic models in ...

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“Textbooks are beginning to integrate behavioral economics into principles textbooks, but it’s not


always clear how behavioral concepts affect the traditional models that instructors teach at the


introductory level. This talk will outline the ways economic actors can deviate from the assumption of rationality and give several examples of how to adapt basic models in order to take these irrationalities into account.”


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