Fudenberg and levine

... loans to creditworthy borrowers, without bailing out particular investors and institutions whose choices proved unwise. 2) Its ambiguity. ... Fuchs William Fudenberg Drew Gabaix Xavier ... University) Leuz Christian Levine David I. Levine David K. Levy ...   The appearance of a new economics journal seldom makes waves. The American Economic Association’s flagship American Economic Review , founded in 1911, is still the most widely consulted journal in the field. The two main university-owned journals, Harvard’s Quarterly Journal of Economics and Chicago’s Journal of Political Economy , were established even earlier. The AEA’s Journal of Economic Literature ,  has sought since 1969 to keep track of the swelling tide of work with survey articThis is the question David K. Levine asks in his 2009 Max Weber Lecture . Levine sets the scene by noting, Certainly behavioral economics is all the rage these days. The casual reader might have the impression that the rational homo economicus has died a sad death and the economics profession has moved on to recognize the true irrationality of humankind. Nothing could be further from the truth. He continues, The modern paradigmatic man in modern economics is tha