Behavioural Economics

Behavioral Economics by David Orrell explores the intersection of psychology and economics, examining how human behavior impacts economic decision-making. The book delves into the ways in which traditional economic theories often fall short in accounting for the complexities of human behavior, such as cognitive biases, emotional responses, and social influences. Orrell presents a compelling analysis of various behavioral anomalies and their implications for economic theory and policy. Through a blend of theoretical insights and real-world examples, the book highlights the importance of understanding psychological factors in crafting more effective economic policies and making better financial decisions.

Why Read This Book

• Provides a thorough examination of how psychological factors influence economic behavior and decision-making.
• Uses practical examples to illustrate the impact of behavioral biases on financial markets and personal finance.
• Critiques traditional economic models and offers a fresh perspective on understanding economic phenomena.
• Discusses how behavioral economics can be applied to improve policy-making and financial decision-making.
• Presents complex concepts in an accessible and engaging manner, making it suitable for both academic readers and general audiences interested in economics.

About the Author

David Orrell is a British mathematician and author known for his work in the fields of economics, finance, and behavioral science. He has a background in applied mathematics and has written extensively on the application of mathematical and statistical methods to real-world problems. Orrell’s writing often explores the limitations of traditional economic theories and emphasizes the importance of incorporating psychological and behavioral insights into economic analysis.