By Helena Chytilova
The suggestion of cash phantasm, a lately resurrected phenomenon of behavioral economics, is a true truth of financial existence, the aptitude function of which may still now not be disregarded. regardless of cash phantasm being totally suppressed by way of mainstream economists, small deviations from rationality, including tendencies in behavioral economics, alleviate the denial of cash phantasm precipitated via the rational expectancies revolution. This publication argues that cash phantasm appears a ubiquitous phenomenon, affecting numerous components similar to monetary markets, housing markets, exertions markets, consumption-saving judgements, or even improvement on the combination point triggered via coordination concerns. moreover, in gentle of the tutorial efforts of primary banks and different associations, it's worthy contemplating no matter if reliable financial education would supply assistance for the general public relating to their decision-making and thereby alleviate the results of cash phantasm. The rising box of experimental economics offers a distinct chance for us to ensure the presence of cash phantasm. in particular, recognition is dedicated to the experimental research of aid within the direct and oblique results of cash phantasm with appreciate to the extent of monetary literacy obtained via fiscal education.
Economic Literacy and cash Illusion might be of curiosity to the overall viewers and to those that have an interest in behavioral economics, economics schooling, and experimental economics, in addition to to coverage makers and associations. final yet no longer least, it is going to aid strengthen scholars’ curiosity in substitute monetary theories.
NB. The learn and writing of this ebook used to be made attainable with the aid of the college of Economics, Prague, college of Economics, division of Economics.
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Extra info for Economic Literacy and Money Illusion: An Experimental Perspective (Routledge Advances in Experimental and Computable Economics)
Economic Literacy and Money Illusion: An Experimental Perspective (Routledge Advances in Experimental and Computable Economics) by Helena Chytilova
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