• AEA in the news
  • September 19, 2016

The role of beliefs in economics

Mary Nabolsunova/Bigstock

Two articles from this summer's Journal of Economic Perspectives symposium about motivated beliefs in economics were featured in Mint on Sunday. If beliefs about the world are motivated not just by accuracy but also other considerations like fitting in with a social group or maintaining self-esteem then people’s behavior is apt to depart from what an outsider observer would consider to be the most “rational” course.