The Connection Between Behavior Economics and Formar Theory

The crucial thing missing from conventionalcon ntional analysis is context, the context in which the decisions are being made. Er, it's really the formal theories where i think we can improve things. It'sd we've moved away in a senserom. I mean, economics has moved in emphasis from these formal theories to much more observational work. Am, behavior economics is sort of in that, on that end of the spectrum and almost a rejection of theory.