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:: Saturday, February 21, 2004 ::

IBER Research, UC Berkeley: Matthew Rabin, MacArthur Foundation Fellow,:
"I'd call what I do 'psychology and economics' or 'psychological economics.' Economics has a foundation in psychology: it assumes that people are 100% rational, that they're completely self-interested, and some ancillary assumptions. We say, 'Those assumptions that economists traditionally make are at times, and in some important ways, wrong, and here are some better assumptions about people to replace them with.'"

"Psychology and Economics." Matthew Rabin. January 1997.

:: Jim Nichols 2/21/2004 08:27:00 PM [+] ::
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