How we misunderstand economics and why it matters the psychology of bias, distortion and conspiracy

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How we misunderstand economics and why it matters the psychology of bias, distortion and conspiracy

David Leiser and Yhonatan ÒHEMESHHow WeEconomicsandWhy It MattersThe Psychology of Bias, Distortion and Conspiracy B

How we misunderstand economics and why it matters the psychology of bias, distortion and conspiracyagingly written book takes US above and beyond traditional judgment and decision-making studies and the heuristics and biases of behavioral economics

to explore how people develop explanatory models and concepts in the domain of economics. It contains many fascinating insights into the challenges la How we misunderstand economics and why it matters the psychology of bias, distortion and conspiracy

ypeople have in understanding seemingly simple but deeply complex phenomena and economic entities (e.g. money), as well as offering a bold new directi

How we misunderstand economics and why it matters the psychology of bias, distortion and conspiracy

on for research into a topic where greater lay understanding has enormous social policy consequences.”Frank Keil. Yale University, USA“For decades eco

David Leiser and Yhonatan ÒHEMESHHow WeEconomicsandWhy It MattersThe Psychology of Bias, Distortion and Conspiracy B

How we misunderstand economics and why it matters the psychology of bias, distortion and conspiracyowledge of human beings on top of sophisticated equations. A plea for a multidisciplinary approach, this book is a much-needed attempt to foster dialo

gue and bridge the cognitive segmentation of social sciences."Elsa Fornero. University ofTurin, Italy“In recent years, many economists have used psych How we misunderstand economics and why it matters the psychology of bias, distortion and conspiracy

ology to understand the economy better. In their enlightening new book. Leiser and Shemesh use psychology to explain why most people understand econom

How we misunderstand economics and why it matters the psychology of bias, distortion and conspiracy

ics so poorly. Economics insights often butt against deep-rooted ways of thinking about the world. And even when the lessons of economics are intuitiv

David Leiser and Yhonatan ÒHEMESHHow WeEconomicsandWhy It MattersThe Psychology of Bias, Distortion and Conspiracy B

How we misunderstand economics and why it matters the psychology of bias, distortion and conspiracy or explain it to others.”Bryan Caplan. George Mason University, USATaylor &. FrancisTaylor &. Francis Grouphttp://taylorandfrancis.comHOW WE MISUNDER

STAND ECONOMICS AND WHY IT MATTERSThis is the first book to explain why people usually misunderstand economic phenomena. From the cognitive short-cuts How we misunderstand economics and why it matters the psychology of bias, distortion and conspiracy

we use to make sense of complex information, to the metaphors we rely on and their effect on our thinking, this important book lays bare not only the

How we misunderstand economics and why it matters the psychology of bias, distortion and conspiracy

psychological traits that distort our ability to understand such a vital topic, but also what this means for policy makers, and civil society' more w

David Leiser and Yhonatan ÒHEMESHHow WeEconomicsandWhy It MattersThe Psychology of Bias, Distortion and Conspiracy B

How we misunderstand economics and why it matters the psychology of bias, distortion and conspiracymy. From the intentionality fallacy, whereby all economic phenomena are assumed to have been caused deliberately rather than to have come about by the

interplay of different factors, to the role of ideologies in framing how economic thinking is expressed, the book discusses how we interpret importan How we misunderstand economics and why it matters the psychology of bias, distortion and conspiracy

t issues such as unemployment, inflation, and how we conceive of money itselfExposing the underlying biases and assumptions that fatally undermine fin

How we misunderstand economics and why it matters the psychology of bias, distortion and conspiracy

ancial literacy, and concluding with recommendations for how policies and ideas should be framed to enable a clearer understanding, this will be essen

David Leiser and Yhonatan ÒHEMESHHow WeEconomicsandWhy It MattersThe Psychology of Bias, Distortion and Conspiracy B

How we misunderstand economics and why it matters the psychology of bias, distortion and conspiracyer is Full Professor of Economic and Social Psychology at Ben-Gurion University of the Negev, Israel. He is Past President of the International Associ

ation for Research in Economic Psychology, and President of the Economic Psychology Division of the International Association of Applied Psychology. H How we misunderstand economics and why it matters the psychology of bias, distortion and conspiracy

e studies lay conceptions, especially in rhe economic domain.Yhonatan Shemesh holds a BA and MA in cognitive science from Ben-Gurion University of the

How we misunderstand economics and why it matters the psychology of bias, distortion and conspiracy

Negev, Israel. His research focuses on the ways the human evolutionary cognitive endowment affects how people think and act in the modern world.®Tayl

David Leiser and Yhonatan ÒHEMESHHow WeEconomicsandWhy It MattersThe Psychology of Bias, Distortion and Conspiracy B

How we misunderstand economics and why it matters the psychology of bias, distortion and conspiracyonspiracyDavid Leiser and Yhonatan ShemeshQ Routledge§Taylor & Francis CroupIONDON AND NEW YORK

David Leiser and Yhonatan ÒHEMESHHow WeEconomicsandWhy It MattersThe Psychology of Bias, Distortion and Conspiracy B