Last summer, I took Ec 10A and 10B, the introductory economics course taught by Professor David Laibson and like he said we mostly studied rules and theories based on a more deterministic and rational view of humans that allow us to creat steadfast explanations that we can follow to predict what may happen. However, I’d like to ask Professor Laibson if he thinks it’s possible to came up with a similar set of rules and theories if we use behavioral economics and base it on a more irrational and less logical population?
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