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About PHD Thesis Summary: Kahneman and Tversky and The Making of Behavioral Economics
This PhD thesis examines how the research of Daniel Kahneman and Amos Tversky altered economics in fundamental ways by introducing behavioral economics. It analyzes their work showing how they demonstrated systematic cognitive biases and developed prospect theory as an alternative to expected utility theory. The thesis also discusses how economists like Vernon Smith and Richard Thaler responded, with experimental economists emphasizing market rationality and financial economists applying prospect theory to develop behavioral finance. Ultimately, behavioral economics emerged as a new mainstream program distinguished from psychology and experimental economics.
Detailed Information
| Author: | ['Elghamourou Salaheddine'] |
|---|---|
| Publication Year: | 2010 |
| Pages: | 4 |
| Language: | English |
| Format: | |
| Price: | FREE |
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