the evolution of behavioral economics

Chapter 8 of the text provided the student with some general themes and ideas that have been developed by the behavioral school of economics. For this paper, the student should take that information as a base of knowledge and expand upon it by researching(at least 3 additional resources) the origins and evolution of the behavioralists. Some of the main items that you should fully address in the paper include:

1. Some of the main differences between neo-classical and behavioral economic theory (include practical applications and examples to highlight difference).

2. Leading figures in the school of thought and their hypotheses, theories, works and awards (particularly the nobel prize).

3. The current state of behavioral economics within the realm of mainstream economic teaching (is it a fringe element or part of standard teaching).

 

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