Tag: econometrics
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Beyond Homo Economicus: Incorporating Social Identity into Economic Analysis
“The purely economic man is indeed close to being a social moron. Economic theory has been much preoccupied with this rational fool.” — Richard H. Thaler Introduction As Nobel laureate Thaler contends, the economic science has been far too preoccupied with the purely economic man. This insight has never been more relevant. In a world…
