Work

Are Regulators Rational?

Year: 2011

Type: article

Abstract: Thus far, psychological input has been used in economics mainly to highlight the cognitive imperfections of market participants. The normative implication of behavioral economics in its current state is that imperfections of market participants should be rectified by psychologically informed regulators. However, regulators are themselves imperfect actors with limited cognitive capacities. I propose some biases and illusions documented by cognitive psychologists that may be relevant to the political economy of government regulation.

Source: Journal des Economistes et des Etudes Humaines

DOI: 10.2202/1145-6396.1248

Author: Slavisa Tasic

Institution: University of Mary

Language: French

Topic: Decision-Making and Behavioral Economics

Subfield: General Decision Sciences

Field: Decision Sciences

Domain: Social Sciences

Open Access status: green

OpenAlex ID: W2004419022

FWCI:

Cites: 21

Cited by: 22

Related to: 10