Mind and Society 10 (2):97-102 (2011)
|Abstract||Behavioral economics has rejuvenated economic theory and deepened the bonds between economic theory and the other social sciences. Neoclassical economics does not depend on individual preferences being self-regarding. Moreover, in market contexts, laboratory experiments indicate that traditional theory works well. Behavioral economic findings thus enrich and expand neoclassical economics rather than undermining it. In particular, social norms are an emergent property of human sociality, and exist as macrosocial structures that are not reducible to the preferences of individuals. Behavioral economists are not theorists, but rather experimentalists. With few exceptions, they do not provide, nor aim to provide, cogent models for the phenomena they discover. Far from downplaying “inconvenient facts,” as is the practice of traditional economic theory, behavioral economists relish finding novel forms of individual decision-making and strategic behavior|
|Keywords||No keywords specified (fix it)|
|Through your library||Configure|
Similar books and articles
Herbert Gintis (2001). The Contribution of Game Theory to Experimental Design in the Behavioral Sciences. Behavioral and Brain Sciences 24 (3):411-412.
Herbert Gintis (2004). Towards the Unity of the Human Behavioral Sciences. Politics, Philosophy and Economics 3 (1):37-57.
Herbert Gintis (2007). A Framework for the Unification of the Behavioral Sciences. Behavioral and Brain Sciences 30 (1):1-16.
Don Ross (2001). The Game-Theoretic Innocence of Experimental Behavioral Psychology. Behavioral and Brain Sciences 24 (3):426-427.
Elias L. Khalil (2003). The Context Problematic, Behavioral Economics and the Transactional View: An Introduction to 'John Dewey and Economic Theory'. Journal of Economic Methodology 10 (2):107-130.
Rudy E. Vuchinich (2000). Behavioral Momentum and Behavioral Economic Metaphors for Excessive Consumption. Behavioral and Brain Sciences 23 (1):114-115.
Milan Zafirovski (2000). The Rational Choice Generalization of Neoclassical Economics Reconsidered: Any Theoretical Legitimation for Economic Imperialism? Sociological Theory 18 (3):448-471.
Mark Alfano (2012). Wilde Heuristics and Rum Tum Tuggers: Preference Indeterminacy and Instability. Synthese 189 (S1):5-15.
Andrew M. Colman (2003). Beyond Rationality: Rigor Without Mortis in Game Theory. Behavioral and Brain Sciences 26 (2):180-192.
R. Sassower (2010). Review Essay: Is Homo Economics Extinct? Philosophy of the Social Sciences 40 (4):603-615.
Ana C. Santos (2007). The 'Materials' of Experimental Economics: Technological Versus Behavioral Experiments. Journal of Economic Methodology 14 (3):311-337.
Boudewijn de Bruin (2008). Reducible and Nonsensical Uses of Game Theory. Philosophy of the Social Sciences 38 (2):247-266.
Andrew M. Colman (2007). Love is Not Enough: Other-Regarding Preferences Cannot Explain Payoff Dominance in Game Theory. Behavioral and Brain Sciences 30 (1):22-23.
Allen Kaufman & Ernie Englander (2011). Behavioral Economics, Federalism, and the Triumph of Stakeholder Theory. Journal of Business Ethics 102 (3):421-438.
Added to index2011-10-11
Total downloads17 ( #71,199 of 549,754 )
Recent downloads (6 months)1 ( #63,425 of 549,754 )
How can I increase my downloads?