From Homo Economicus to Homo Sapiens
Homo Economicus Will Begin Losing IQ, Reversing a 50-year Trend
Homo Economicus Will Become a Slower Learner
The Species Populating Economics Models Will Become More Heterogeneous
Economists Will Study Human Cognition
Economists Will Distinguish Between Normative and Descriptive Theories
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Prof. Richard H. Thaler

From Homo Economicus to Homo Sapiens
Responding to a request for a forecast is especially tricky for someone like me, who specializes in other people’s biases. Research in psychology suggests that certain biases are very likely to creep into my forecasts about the future of economics (or anything else).
Prof. Richard H. Thaler