Please use this identifier to cite or link to this item: http://hdl.handle.net/1946/5866
The disenchantment of mainstream economics : behavioral economics and the Icelandic financial crisis
This paper aims to explore a number of premises held by mainstream economics that might benefit from the insight provided by different academic fields, such as psychology and notably that of behavioral economics. That insight will be used, where applicable, to examine the Icelandic economic environment. Our findings indicate that policy making could improve from the view provided by behavioral economics, which appears to complement and enhance mainstream economics, resulting in a more pluralistic approach.