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Are you sure about microeconomics? AFAIK, only recently have economists started to use behavioral economics (psychology & game theory) to logically explain empi
by tomp 10y ago
Are you sure about microeconomics? AFAIK, only recently have economists started to use behavioral economics (psychology & game theory) to logically explain empirical behaviours that were previously thought of as irrational. It doesn't really seem to be a solved problem.
- BurningFrog 10y agoI'm not a real economist, just a really interested amateur. My impression is that "behavioral" economics is a promising field that can help explain some unusual phenomena. But it doesn't change the solid core of the science. I think it gets talked about like that sometimes by people who don't like the implications of the established science. Much like what happens with Climate Change and Evolution when any seemingly contradictory study appears.