About Economic Droplets
An environmental and natural resource economics blog by Adam Bailey (below). For details and profile see About.
© Adam Bailey and Economic Droplets, 2012-2023.
Tag Archives: bounded rationality
Behavioural Economics and Environmental Valuation
The behaviour on which revealed preference valuation methods are based almost inevitably results from thought processes involving bounded rationality. What does that imply for such methods? The insights of behavioural economics have been applied to many sub-fields of economics, and … Continue reading