How Laypeople Understand Economics

Economic Psychology: The Science of Economic Mental Life and Behaviour. Rob Ranyard (Ed.) Wiley-Blackwell, 2016

24 Pages Posted: 24 Oct 2015 Last revised: 6 Dec 2016

David Leiser

Dept. of Psychology - Ben Gurion University of the Negev

Zeev Kril

Ben-Gurion University of the Negev

Date Written: July 1, 2015

Abstract

This chapter presents various known limitations in lay understanding in general, and documents how lay people (mis)understand economics. Economic and Political consequences are discussed.

Notes: This is a DRAFT version - a final version is being prepared.

Keywords: lay theories; understanding of economics

Suggested Citation

Leiser, David and Kril, Zeev, How Laypeople Understand Economics (July 1, 2015). Economic Psychology: The Science of Economic Mental Life and Behaviour. Rob Ranyard (Ed.) Wiley-Blackwell, 2016. Available at SSRN: https://ssrn.com/abstract=2677659

David Leiser (Contact Author)

Dept. of Psychology - Ben Gurion University of the Negev ( email )

1 Ben-Gurion Blvd
Beer-Sheba 84105, 84105
Israel

HOME PAGE: http://www.bgu.ac.il/~dleiser

Zeev Kril

Ben-Gurion University of the Negev ( email )

1 Ben-Gurion Blvd
Beer-Sheba 84105, 84105
Israel

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