How do psychological factors and cognitive biases affect economic decision-making?

Feb 6, 2025 ... It infiltrates paid jobs, eroding rights and deepening inequality. From freelancers' extra hours to care workers' unpaid duties, it sustains ... Sep 16, 2019 ... The mainstream narrative thus whitewashes capitalism—obscuring virtually every trace of the linkages among race, racism, and capitalism. And in ... The mainstream economic approach is doggedly nonjudgmental about people's preferences: what the individual wants is presumed to be good for that individual. We discuss a selection of paradoxes and delusions surrounding mainstream economic theories related to: (1) efficiency and resource use, (2) wealth and ... Jan 31, 2023 ... Mainstream or "orthodox" economics comprise of solely the neoclassical economics in microeconomics and a synthesis of neoclassical and Keynesian economics in a ... Mainstream economic theory is based on the rationality assumption: that people act as best they can to promote their interests. In contrast, behavioural ... Apr 1, 2006 ... The Turn in Economics: Neoclassical Dominance to Mainstream Pluralism? John B. Davis. Marquette University, [email protected]. Published ... Oct 30, 2020 ... They claim that mainstream economic ideas are 'removed from reality', that they emphasize 'rationality' and ignore other drives, that they rely ... Jan 26, 2025 ... No photo description available. Rick Gannon. 󱢏. Blogger. No photo description available. LBC. 󱢏. News & media website. No photo description ... Nov 15, 2023 ... The near-consensus among mainstream economists in recent years was that inflation would persist – and even accelerate – and that this justified substantial ...