Homo Economicus: Why are new year’s resolutions so difficult to maintain and economic models so bad at predicting our behaviour?

Homo Economicus: Why are new year’s resolutions so difficult to maintain and economic models so bad at predicting our behaviour?
Antonia T. Schröder
Pluralist Economics Fellowship, 2018
Niveau: débutant
Perspective: Économie comportementale
Sujet: Microéconomie & marchés, Réflexion sur l'économie
Format: Essay
Lien: https://spark.adobe.com/page/IgF3TnwXHDiCd/

This dossier is part of the Pluralist Economics Fellowship, jointly put together by the Minerva Schools at KGI & The Network for Pluralist Economics. For more information on this and a collection of the other student essays check out this page.

Homo Economicus:  Why are new year’s resolutions so difficult to maintain and economic models so bad at predicting our behaviour?

Author: Antonia T. Schröder

Review: Prof. Dollie Davis

 

Abstract:

Have you ever wondered why it is so difficult to follow through on new year’s resolutions, such as to exercise more or to start saving more money towards retirement? The agent that most traditional economic models are based on would not struggle to keep up these resolutions. These agents are referred to as homo economicus.

Homo Economicus

Go to: Homo Economicus: Why are new year’s resolutions so difficult to maintain and economic models so bad at predicting our behaviour?

Tags: behavior | behavioral economics | behavioral macroeconomics | cognitive bias | finance | homo economicus | mainstream critique | nudge | rationality
Musk buys Twitter
2022
Level: débutant
Musk buys Twitter
In this teaching pack, we look at the acquisition of Twitter by Elon Musk. In particular, we focus on what it means to take a company private and how the deal was financed.
 
Economy Studies
Making Many Maps: Why We Need an Interested Pluralism in Economics and How to Get There
2021
Level: débutant
Making Many Maps: Why We Need an Interested Pluralism in Economics and How to Get There
Why is mainstream economics in crisis? How can a pluralism of perspectives help to solve it? And why should you care? Join this guided tour through the complex landscape of economic thinking from philosophy of science to pedagogical innovations! https://unsplash.com/photos/1-29wyvvLJA
Patrick Leon Gross
Patrick Léon Gross
Recovering Post-Independence Food Sovereignty for the COVID-19 Crisis
2020
Level: débutant
Recovering Post-Independence Food Sovereignty for the COVID-19 Crisis
Jihen Chandoul, a member of the Post-Colonialisms Today Working Group, discusses the impact of import-dependency on African food supply chains since the onset of the COVID-19 pandemic.
Jihen Chandoul
Post-Colonialisms Today: postcolonialisms.regionsrefocus.org
Gender Relations and Economics
2019
Level: débutant
Gender Relations and Economics
This course introduces students to the relevance of gender relations in economics as a discipline and in economic processes and outcomes. The course covers three main components of gender in economics and the economy: (1) the gendered nature of the construction and reproduction of economic theory and thought; (2) the relevance and role of gender in economic decision-making; and (3) differences in economic outcomes based on gender. We wil touch on the relevance of gender and gender relations in at least each of the following topics: economic theory; the history of economic thought; human capital accumulation; labor market discrimination; macroeconomic policy, including gender budgeting; household economics; basic econometrics; and economic crises.
Alyssa Schneebaum
Vienna University of Economics and Business

Nous soutenir

Ce projet est le fruit du travail des membres du réseau international pour le pluralisme en économie, dans la sphère germanophone (Netzwerk Plurale Ökonomik e.V.) et dans la sphère francophone (Rethinking Economics Switzerland / Rethinking Economics Belgium / PEPS-Économie France). Nous sommes fortement attachés à notre indépendance et à notre diversité et vos dons permettent de le rester ! 

Donner