Anmerkungen:
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments December 11, 2013 erstellt
Beschreibung:
We share the view of Beckman et al (JEE, 42:3, 255-269) that economics students should be aware of the challenge to standard microeconomics from behavioural studies. In this article we provide some insights into our students' experience of what Kahneman (2011) describes as operating in within-subjects mode in contrast with our everyday experience of between-subjects mode. We pose the question: is it not time to add another critical variable on the demand side, bounded rationality, and include this in the specification of standards and examination syllabuses so that our students can really understand how markets work and can see the relevance of studying microeconomics?