Wednesday, September 25, 2013

It All Fits Together!

I happened across this post in an economics blog recently. So there is such a thing as "behavioral economics", which attempts to get real with the view of participants in an economy as "rational agents". In particular, it looks at cognitive illusions, which have been discussed in this blog here, and here, among other places. Hmmm, both these posts reference the book "Inevitable Illusions", by Massimo Piattelli-Palmarini, but apparently I read it before I started blogging, I can't find a summary/review. It is a very good book on the subject of cognitive illusions, and an easy read.

So maybe there is some hope for economics after all! Here is a behavioral economics reading list.

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