Page, Lionel Optimally Irrational ISBN 13: 9781009209205

Optimally Irrational - Softcover

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9781009209205: Optimally Irrational
  • PublisherCambridge University Press
  • Publication date2022
  • ISBN 10 1009209205
  • ISBN 13 9781009209205
  • BindingPaperback
  • LanguageEnglish
  • Number of pages322
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    • 4.29 out of 5 stars
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9781009209199: Optimally Irrational: The Good Reasons We Behave the Way We Do

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Paperback. Condition: new. Paperback. For a long time, economists have assumed that we were cold, self-centred, rational decision makers so-called Homo economicus; the last few decades have shattered this view. The world we live in and the situations we face are of course rich and complex, revealing puzzling aspects of our behaviour. Optimally Irrational argues that our improved understanding of human behaviour shows that apparent 'biases' are good solutions to practical problems that many of the 'flaws' identified by behavioural economics are actually adaptive solutions. Page delivers an ambitious overview of the literature in behavioural economics and, through the exposition of these flaws and their meaning, presents a sort of unified theory of behaviouralism, cognitive psychology and evolutionary biology. He gathers theoretical and empirical evidence about the causes of behavioural 'biases' and proposes a big picture of what the discipline means for economics. Why do people behave the way they do? Far from seeming reasonable, behavioural scientists have shown that our behaviours often appear irrational. This book shows that behind the many puzzling aspects of human behaviour, are practical reasonings which make us better at navigating the real world. Shipping may be from multiple locations in the US or from the UK, depending on stock availability. Seller Inventory # 9781009209205

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