This medal in economics is about the equivalent of the Nobel Prize!
This year's recipient reinforces the impression that microeconomics is not much more than a study of psychology and common sense.
"... Among his many accomplishments are (1) contributions to studies of decision-making and behavioral economics, particularly in dynamic context settings that involve learning and information transmission; (2) the formalization of ideas, such as information cost functions or notions of privacy, so that these concepts can be more fruitfully applied; and (3) the development of a new analytical approach to mechanism design. ...
For example, Strack (with Heidhues, American Economic Review 2021) shows that time-consistent agents may anticipate future choices that are different from what they ultimately choose. ..."
For example, Strack (with Heidhues, American Economic Review 2021) shows that time-consistent agents may anticipate future choices that are different from what they ultimately choose. ..."
No comments:
Post a Comment