Mind over market: Economist confirms role of psychology in U.S. business cycle
Tuesday, June 22, 2010 - 17:32
in Mathematics & Economics
(PhysOrg.com) -- Public attitude may be as important as public policy when it comes to the economy, according to UC Irvine`s Fabio Milani. A new economic model developed by the assistant professor of economics takes into account his finding that irrational optimism or pessimism is linked to a majority of booms and busts since the early 1970s.