After reading this chapter, students should be able to: - Describe the objectives and methods of behavioral economics.
- Summarize, interpret, and evaluate evidence of systematic departures
from perfect rationality.
- Explain why some economists are calling for modifications to the
standard theory of decisions involving time and uncertainty.
- Discuss why it may be important to account for social motives when
analyzing strategic decisions.
- Describe the emerging field of neuroeconomics and explain what
neuroeconomists hope to accomplish.
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