Title: Comments on Richard H. Thaler, From Homo Economicus to Homo Sapiens, Journal of Economic Perspectives 14-1, Winter 2000, 133-14
Abstract: Thaler’s short paper is written to forecast the future of different circumstances to which people are naturally economics. The author states at the top that he will be exposed. Thus clinical and experimental studies should subject to certain biases and also suggests good reasons why reveal novel patterns of economic behaviour which are not he will be subject to them. But, it turns out that the allowed in the standard model.(I should add that, after all, forecasts themselves are not supported by objective reasons the central neoclassical understanding of economic to convince the reader that his forecasts will be realized and psychology stems from nineteenth century utilitarianism others will not. This is too bad, for the reader is then left which in turn was inspired by the experimental work of with Thaler’s subjective opinion of what directions, and not Pavlov (1845-1936) on dogs.) others, economics should (will) take.
Publication Year: 2001
Publication Date: 2001-01-01
Language: en
Type: article
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Cited By Count: 2
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