Revisiting the behavioural revolution in economics jordantimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jordantimes.com Daily Mail and Mail on Sunday newspapers.
Jun 05, 2023 // Behavioral economics became an unlikely cultural phenomenon and helped us understand how and why individual actors make irrational economic decisions. Yet these lessons have not yet been translated to macroeconomics, which is a missed opportunity, writes Cambridge University's Antara Haldar.
In 2008, University of Chicago economist (and future Nobel laureate) Richard Thaler and Harvard law professor Cass Sunstein published their book Nudge, whi..