Behavioral economists have developed a lot of evidence to support this idea.
But to one group, behavioral economists, the examples are central.
Most people are not so activist by nature, the behavioral economists have found.
If you look at the behavioral economists who run hedge funds, I don't think, on the whole, they have done much better than others.
It would serve behavioral economists well to study their findings more carefully.
We also believe that the appearance of more behavioral economists on the scene is timely.
That is partly good strategy, because behavioral economists want to be taken seriously by their mainstream colleagues.
Research by behavioral economists suggests that most people feel twice the pain over a financial loss as they do pleasure in an equivalent gain.
But behavioral economists show that people systematically procrastinate - they spend today and plan to save tomorrow.
Behavioral economists have also responded to these criticisms by focusing on field studies rather than lab experiments.