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Behavioral Development Economics
Report

Behavioral Development Economics


audio autogenerado
audio autogenerado

Editorial Rating

8

Qualities

  • Comprehensive
  • Analytical
  • For Experts

Recommendation

In October 2019, Harvard professor Michael Kremer, along with economists Abhijit Banerjee and Esther Duflo, won the Nobel Memorial Prize in Economic Sciences for their groundbreaking work on global poverty. For Kremer, this award acknowledges his efforts at understanding issues in developing markets through the lens of behavioral economics. In this comprehensive report, Kremer and co-authors Gautam Rao and Frank Schilbach explore “behavioral development economics,” a hybrid of human psychology and economics. Academics and policy experts will find this an insightful contribution to the field of development economics.

Take-Aways

  • “Behavioral development economics” seeks to better explain issues in emerging economies.
  • Heuristics and human behavior guide individuals’ and businesses’ economic decision making. 
  • People in low-income nations struggle with accumulating capital to mitigate financial shocks. 

About the Authors

Michael Kremer is an economics professor at Harvard University, where Gautam Rao is an associate professor of economics. Frank Schilbach is an economics professor at MIT.


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