{ "cells": [ { "cell_type": "markdown", "id": "82048bd0", "metadata": {}, "source": [ "## CS 458: Behavioral Economics\n", "
\n", "\n", " " ] }, { "cell_type": "markdown", "id": "98e6f54a", "metadata": {}, "source": [ "We mentioned Herbert Simon, who won the Nobel Prize in Economics in 1978 for his theory of bounded rationality. Simon was at the forefront of behavioral economics.\n", "\n", "Others include\n", "\n", "- Amos Tversky and Daniel Kahnemann, psychologists developed prospect theory which reflected psychological experiments of economic decision theory in \n", "human subjects. Kahnemann won the Nobel Prize in 2002. Tversky died in 1996.\n", "\n", "- Robert Shiller (of Yale) won the Nobel Prize in 2013 for work in behavioral finance, for empirical analysis of asset prices, including the \"efficient market hypothesis.\" \n", "\n", "- Richard Thaler developed nudge theory, won the Nobel Prize in 2017." ] }, { "cell_type": "markdown", "id": "0704bb2b", "metadata": {}, "source": [ "