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Topic: Behavioural economics
The discipline, which marries classical economics with psychology, has quickly become a victim of its own astounding success. Call it the 'bias bias'.
Unless you believe prices should be fixed and want to enjoy the life of shortages it creates, there's nothing wrong with JW Marriott’s arguments.
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Economic Survey praises Modi govt for using behavioural economics to popularise schemes such as 'Swachh Bharat', says it's needed for more informed policy-making.
The currency note was a prop, the ATM queues an exercise in behavioural psychology.