Economic Psychology: The Science of Economic Mental Life and Behaviour. Rob Ranyard (Ed.) Wiley-Blackwell, 2016

24 Pages Posted: 24 Oct 2015 Last revised: 10 May 2018

Dept. of Psychology - Ben Gurion University of the Negev

See all articles by David Leiser

Date Written: July 1, 2015

Abstract

This chapter presents various known limitations in lay understanding in general, and documents how lay people (mis)understand economics. Economic and Political consequences are discussed.

A much expanded book-length treatment is published (May 2018) under the title "How we misunderstand economics and why it matters."