Ordinaries 8

Terence C. Burnham () and Jay Phelan
Additional contact information
Terence C. Burnham: Chapman University
Jay Phelan: UCLA

Journal of Bioeconomics, 2022, vol. 24, issue 1, No 1, 35 pages

Abstract: Abstract The “cashew conundrum” is a seminal event in the history of economics. Professor Richard Thaler observed that his guests were happier not having the option to consume pre-dinner cashews. The fact that people can be happier with fewer options directly contradicts core assumptions in neoclassical economics, and is labeled an “anomaly” by behavioral economics. Far from being surprising, the cashew phenomenon is predicted by biological methods for understanding behavior. The cashew conundrum is not an anomaly, but rather an ordinary.

Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://link.springer.com/10.1007/s10818-022-09324-4 Abstract (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:kap:jbioec:v:24:y:2022:i:1:d:10.1007_s10818-022-09324-4

Ordering information: This journal article can be ordered from
http://www.springer. ... al/journal/10818/PS2

DOI: 10.1007/s10818-022-09324-4

Access Statistics for this article

Journal of Bioeconomics is currently edited by Ulrich Witt, Michael T. Ghiselin and David Sloan Wilson

More articles in Journal of Bioeconomics from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().