book chapterMar 17, 2005Closed access

The Economic Consequences of Cognitive Dissonance

GAGeorge A. AkerlofWTWilliam T. Dickens
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Abstract

Abstract Since the publication of The Wealth of Nations, economists have built an entire profession on a single powerful theory of human behavior based on a few simple assumptions. That model has been fruitfully applied to a wide range of problems.

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Topics & keywords

Topics
Keywords
  • Cognitive dissonance
  • Simple (philosophy)
  • Cognition
  • Positive economics
  • Psychology
  • Economics
  • Range (aeronautics)
  • Cognitive psychology
UN Sustainable Development Goals
  • Reduced inequalities
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