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Behavioural Economics and Finance

C/E/205. Behavioural Economics and Human Interaction

WORDS:
1400
DATE:
2007
PRICE:
19.99 GBP

The paper looks at the theories of social psychology used for economists, focusing on the motivation crowding theory and showing that the crowding out effect, for instance, is an important anomaly in economics that breaks the relative price law. The empirical importance of the theory is analysed with reference to recent academic literature.

 

KEYWORDS: behavioural economics, human interaction, motivation, crowding,

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