3min chapter

New Books in Mathematics cover image

Jeffrey Carpenter and Andrea Robbett, "Game Theory and Behavior" (MIT Press, 2022)

New Books in Mathematics

CHAPTER

The Evolution of Behavior Economics

I'm currently writing a behavioral economics textbook that's pitched at intermediate undergraduates, as well as practitioners or other researchers who are looking for an introduction to some of these behavioral topics. The objective is not to give the impression that people are weird and do wacky stuff so therefore economic theory should be disregarded. So I think behavioral economics often gets a bad rap because it's viewed as just this laundry list of disconnected behavioral biases. And then in this way, the field advances through this iterative process of developing and testing theory to produce more descriptive models which hopefully can then eventually go on to become the standard theory going forward.

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