Behavioral economists criticize standard economic theory

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After reading chapter 15 in Predictably Irrational, summarize the main ideas you will take away from this book and discuss some of the ways behavioral economists criticize standard economic theory.

If you look at one of the many websites that provide economics jokes (yes, there are many of them!), you will likely find this one. What do you think? Funny, right? "Two economists walk down a road and they see a twenty-dollar bill lying on the sidewalk. One of them asks 'is that a twenty-dollar bill?' Then the other one answers 'It can't be, because someone would have picked it up already,' and they keep walking."

Reference no: EM133132871

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