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Behavioural Economics Quotes

Put simply, behavioural economics argues that human beings’ decision-taking is guided by the evolutionary baggage which we bring with us to the present day. Evolution has made us rational to a point, but not perfectly so. It has given us emotions, for example, which programme us to override our rational brain and act more instinctively Picture Quote #1
Personally, I don’t see old economics and behavioural economics as opposed. It is useful to assume people are rational as a good approximation to their long term behaviour, but it would be unwise not to think how in practice their behaviour may deviate from that simplifying assumption Picture Quote #1
Interestingly, human irrationality is a hot topic in economics at the moment. Behavioural economics it’s called, on the cusp of economics and psychology Picture Quote #1
In many cases, water stress is more about politics, economics, behaviour and governance than absolute water scarcity. Better planning is needed, to allocate water where societal need is greatest, and to allow trade-offs between alternative uses Picture Quote #1
Pirates are the very essence of profit maximising entrepreneurs described in neoclassical economics. Yet, whilst films such as ‘The Pirates of the Caribbean’ and ‘Butch Cassidy and the Sundance Kid’ have gone a long way to popularise both pirates and outlaw behaviour, the truth of the matter is that piracy is illegal, and it kills Picture Quote #1
Interestingly, human irrationality is a hot topic in economics at the moment. Behavioural economics it’s called, on the cusp of economics and psychology Picture Quote #1
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Personally, I don’t see old economics and behavioural economics as opposed. It is useful to assume people are rational as a good approximation to their long term behaviour, but it would be unwise not to think how in practice their behaviour may deviate from that simplifying assumption Picture Quote #1
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Put simply, behavioural economics argues that human beings’ decision-taking is guided by the evolutionary baggage which we bring with us to the present day. Evolution has made us rational to a point, but not perfectly so. It has given us emotions, for example, which programme us to override our rational brain and act more instinctively  (Behavioural Economics Quotes) Personally, I don’t see old economics and behavioural economics as opposed. It is useful to assume people are rational as a good approximation to their long term behaviour, but it would be unwise not to think how in practice their behaviour may deviate from that simplifying assumption.  (Behavioural Economics Quotes) Interestingly, human irrationality is a hot topic in economics at the moment. Behavioural economics it’s called, on the cusp of economics and psychology.  (Behavioural Economics Quotes) In many cases, water stress is more about politics, economics, behaviour and governance than absolute water scarcity. Better planning is needed, to allocate water where societal need is greatest, and to allow trade-offs between alternative uses.  (Behavioural Economics Quotes) Pirates are the very essence of profit maximising entrepreneurs described in neoclassical economics. Yet, whilst films such as ‘The Pirates of the Caribbean’ and ‘Butch Cassidy and the Sundance Kid’ have gone a long way to popularise both pirates and outlaw behaviour, the truth of the matter is that piracy is illegal, and it kills.  (Behavioural Economics Quotes) Interestingly, human irrationality is a hot topic in economics at the moment. Behavioural economics it’s called, on the cusp of economics and psychology  (Behavioural Economics Quotes) Personally, I don’t see old economics and behavioural economics as opposed. It is useful to assume people are rational as a good approximation to their long term behaviour, but it would be unwise not to think how in practice their behaviour may deviate from that simplifying assumption  (Behavioural Economics Quotes)