The Economics of Motivated Beliefs

TitleThe Economics of Motivated Beliefs
Publication TypeJournal Article
Year of Publication2015
AuthorsBénabou R
JournalRevue d'économie politique
Volume125
Pagination665
ISSN0373-2630
AbstractI present key ideas and results from recent work incorporating " motivated " belief distortions into Economics, both at the individual level (overconfidence, wishful thinking, willful blindness) and at the social one (groupthink, team morale, market exuberance and crises). To do so I develop a flexible model that unifies much of this line of research, then relate its main assumptions and testable predictions to the relevant experimental and observational evidence.
URLhttps://www.cairn.info/resume.php?ID_ARTICLE=REDP_255_0665 http://www.cairn.info/revue-d-economie-politique-2015-5-page-665.htm
DOI10.3917/redp.255.0665