Systematic departures from rational choice theory and their implications for economic analysis and policy. Covers cognitive heuristics (anchoring, availability, representativeness), biases (loss aversion, status quo, overconfidence), prospect theory (reference dependence, probability weighting, dimi
Systematic departures from rational choice theory and their implications for economic analysis and policy. Covers cognitive heuristics (anchoring, availability, representativeness), biases (loss aversion, status quo, overconfidence), prospect theory (reference dependence, probability weighting, diminishing sensitivity), nudge theory and choice architecture, and the integration of psychological fin