Misbehaving

Analyze the impact of Thaler’s work on the transformation of economics from a discipline focused on rational models to one that includes human behavior. How has Thaler’s introduction of behavioral economics challenged traditional economic theories?

Discuss how Thaler’s concept of “Econs” versus real humans provides a framework for understanding economic decision-making. How do the differences between these two models affect economic policies and practices?

Explore the significance of the Endowment Effect in Misbehaving. How does this concept challenge the traditional economic view of value and market behavior?