scholarly journals Consumer Vulnerability and Behavioral Biases

2020 ◽  
Author(s):  
Hanming Fang ◽  
Zenan Wu

2020 ◽  
Author(s):  
Hanming Fang ◽  
Zenan Wu


2020 ◽  
Author(s):  
Hanming Fang ◽  
Zenan Wu


Author(s):  
Robert S. Gazzale ◽  
Lina Walker
Keyword(s):  


Author(s):  
Steffen Andersen ◽  
Tobin Hanspal ◽  
Jimmy Martinez-Correa ◽  
Kasper Meisner Nielsen
Keyword(s):  


Author(s):  
Elena N. Asparouhova ◽  
Michael L. Lemmon ◽  
Michael G. Hertzel


Author(s):  
Sheau‐Fen Yap ◽  
Yingzi Xu ◽  
LayPeng Tan


2014 ◽  
Vol 3 (2) ◽  
pp. 35-47
Author(s):  
Calin Valsan

Standard economic theory assumes rational agents. Individuals are expected to have rational expectations and constantly optimize their choices. Modern economic and financial theory is build under the assumption of rationality. There is plenty of evidence from psychology, however, that individuals are biased and rely heavily on heuristics in order to make decisions. Yet, this is not a mere fluke, a behavioral oddity. Because the social and economic environment in which individuals evolve is complex, behavioral biases represent evolutionary adaptations allowing economic agents to deal with undecidability and computational irreducibility.



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