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2019 | OriginalPaper | Chapter

Bruno S. Frey Recommends “Mindful Economics: The Production, Consumption, and Value of Beliefs” by Roland Bénabou and Jean Tirole

Author : Bruno S. Frey

Published in: 21st Century Economics

Publisher: Springer International Publishing

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Abstract

Behavioral economics has been a huge success in economics—despite its misnomer (economics has always been behavioral, so the field should aptly be called “economics and psychology” or “psychological economics”). Today, a large number of economists engage in laboratory experiments. Despite useful insights, it is often difficult to see what distinguishes them from psychology. Bénabou and Tirole’s article provides a most useful survey of recent insights of psychology and makes a successful effort to integrate them into economics.

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Literature
go back to reference Bénabou, R., & Tirole, J. (2016). Mindful economics: The production, consumption, and value of beliefs. Journal of Economic Perspectives, 30(3), 141–164.CrossRef Bénabou, R., & Tirole, J. (2016). Mindful economics: The production, consumption, and value of beliefs. Journal of Economic Perspectives, 30(3), 141–164.CrossRef
Metadata
Title
Bruno S. Frey Recommends “Mindful Economics: The Production, Consumption, and Value of Beliefs” by Roland Bénabou and Jean Tirole
Author
Bruno S. Frey
Copyright Year
2019
DOI
https://doi.org/10.1007/978-3-030-17740-9_18