Question
Why does neoclassical economics rely so heavily on underlying assumptions of human behavior and how have those assumptions been refuted by the emerging field of
Why does neoclassical economics rely so heavily on underlying assumptions of human behavior and how have those assumptions been refuted by the emerging field of behavioral economics? Please answer in detail. Give an example from your personal experience of how you violated one of the central assumptions of neoclassical economics and explain how and why.
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Core Macroeconomics
Authors: Eric Chiang
3rd edition
978-1429278478, 1429278471, 978-1429278492, 1429278498, 1464191433, 978-1464191435
