May 20, 2015
“As a social psychologist, I have long been amused by economists and their curiously delusional notion of the ‘rational man.’” writes Carol Tavris. “Rational? Where do these folks live?”
In a review of behavioral economist Richard Thaler’s new book, Misbehaving: The Making of Behavioral Economics
, Tavris notes how economists are slowly beginning to see — or, one could argue, finally returning to the notion — that the discipline ought treat man as more than a mere robot or calculator. Continue Reading...