Tag: United Kingdom

Heuristics and Biases Part II: Brexit from a Behavioural Economics Perspective – Risk Aversion, Overconfidence Bias, Present-Bias and David Cameron
October 8, 2016

Heuristics and Biases Part II: Brexit from a Behavioural Economics Perspective – Risk Aversion, Overconfidence Bias, Present-Bias and David Cameron

Following on from Part I of this series on Brexit from a behavioural economics perspective(where we discussed the role of attribute substitution in framing the Brexit question), we now shift our focus to the most important person in this entire episode, David Cameron, the former …

Behavioral Economics, Brexit
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by HK Lim
Heuristics and Biases Part I: Understanding Brexit from a Behavioural Economics Perspective – The Attribute Substitution Heuristic
August 1, 2016

Heuristics and Biases Part I: Understanding Brexit from a Behavioural Economics Perspective – The Attribute Substitution Heuristic

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 …

Behavioral Economics, Brexit
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by HK Lim