To discuss: the pointlessness of behavioural economics as modified classical economics, when large data applications make this a predictive science
Colllective behavioural economics
In financial markets we have some elegant models of collective human behaviour in, e.g. Black-Scholes formulae etc.
Things to think about here: Bounded rationality, rational inattention, institutions as stable orbits in behavioural systems, devious negotation strategies …
See marketing psychology.
A fecund sub-field. See the risk perception page.
- Shalizi, C. R.(2009) Dynamics of Bayesian updating with dependent data and misspecified models. Electronic Journal of Statistics, 3, 1039–1074. DOI.