behavioral economics, complexity, agent-based models, computational and experimental economics
Why what you’ve been told about government debt is wrong, why governments do not actually need to tax before they spend and why deficit spending does not need to be financed via public debt issuance. As our understanding of the mechanics of public finance has …
In this fourth installment of our Behavioral Econs 101 series(for parts 1, 2 and 3, see here, here and here) we continue our discussion of the endowment effect. In Part 3, we explained how Prospect Theory helps us understand why losses feel so much more …
This is the first article in a series that examines how the Brexit referendum outcome can be understood through the lens of behavioural economics. We begin by first examining how limitations introduced by traditional economic thinking’s reliance on the foundation of rational choice theory as …
We are BIG believers in behavioral political economy! Mainstream(neoclassical) economics based off rational choice theory and general equilibrium should not be the last word. We aim to put the behavioral back in economic behavior by embracing broader approaches incorporating psychology, complexity, agent-based modelling, computational and experimental methods. For economics writing or consulting engagements, please contact us at: info [at] thetroublewitheconomics.com
