This work analyzes the methods of research in decision-making of behavioral economists Kahneman and Tversky (K&T) and one of their main critics, Gigerenzer and the ABC Group. Our aim was to explain differences between these ...

Commonly, Economic Theory assumes that money is fungible. However, evidence from Behavioral Economics (Thaler (1999), Shapiro and Hastings (2013)) indicates this assumption may fail in many behaviors. One possible explanation ...