NMSU Business Outlook: July 2011

Behavioral Economics: Conflicts between the short run and long run self

Christopher A. Erickson

Behavioral economics is a branch of economics that questions the use of the rational agent in decision theory. Mainstream Neoclassical economics, as is taught in principles of economics courses, assume that economic decision makers are rational in that they can consistently evaluate the information available to them about consumption bundles and decide among these so as to maximize their utility.

Complete Article: Behavioral Economics: Conflicts between the short run and long run self

U.S. Personal Bankruptcies (and a note on New Mexico)

Eduardo Saucedo and Richard V. Adkisson, NMSU

Emulative consumption and its related concept, conspicuous consumption, most often are associated with the American economist Thorstein Veblen.

Complete Article: U.S. Personal Bankruptcies (and a note on New Mexico)

Talking Points

Christopher A. Erickson and James Libbin

Complete Article: Talking Points


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