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  1.  1
    De Gustibus Disputare: Hyperbolic Delay Discounting Integrates Five Approaches to Impulsive Choice.Ainslie George - 2017 - Journal of Economic Methodology 24 (2):166-189.
    Impulsiveness is the tendency to shift preference from a better, later option to a poorer, earlier option as the two get closer. Explanations have extrapolated from five piecemeal elements of psychology – failure of cognitive rationality, Pavlovian conditioning, force of habit, incentive salience, and long chains of secondary reward – but in doing so have created models that stretch the properties of these elements as observed in the laboratory. The models are hard to integrate with each other, much less with (...)
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  2.  1
    The Empirical Adequacy of Cumulative Prospect Theory and its Implications for Normative Assessment.Glenn W. Harrison & Don Ross - 2017 - Journal of Economic Methodology 24 (2):150-165.
    Much behavioral welfare economics assumes that expected utility theory does not accurately describe most human choice under risk. A substantial literature instead evaluates welfare consequences by taking cumulative prospect theory as the natural default alternative, at least where description is concerned. We present evidence, based on a review of previous literature and new experimental data, that the most empirically adequate hypothesis about human choice under risk is that it is heterogeneous, and that where EUT does not apply, more choice is (...)
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  3.  1
    Of Consequentialism, its Critics, and the Critics of its Critics. [REVIEW]Ravi Kanbur - 2017 - Journal of Economic Methodology 24 (2):204-210.
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  4.  8
    Does Studying Ethics Affect Moral Views? An Application to Economic Justice.James Konow - 2017 - Journal of Economic Methodology 24 (2):190-203.
    Recent years have witnessed a rapid increase in initiatives to expand ethics instruction in higher education. Numerous empirical studies have examined the possible effects on students of discipline-based ethics instruction, such business ethics and medical ethics. Nevertheless, the largest share of college ethics instruction has traditionally fallen to philosophy departments, and there is a paucity of empirical research on the individual effects of that approach. This paper examines possible effects of exposure to readings and lectures in mandatory philosophy classes on (...)
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  5. Enriching Economics in South Africa: Interdisciplinary Collaboration and the Value of Quantitative – Qualitative Exchanges.Dorrit Posel - 2017 - Journal of Economic Methodology 24 (2):119-133.
    Since the transition to democracy in the early 1990s, economic research and instruction in South Africa have become far more quantitative and technically sophisticated. In this paper, I trace and discuss reasons for these developments, and I argue that this quantification of economics should not be at the expense of exchanges with qualitative data that fail the criterion of being representative, or with other disciplines that are less quantitative. With South Africa’s complex history, persistent inequality and considerable cultural diversity, economics (...)
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  6.  4
    Fact-Value Entanglement in Positive Economics.Julian Reiss - 2017 - Journal of Economic Methodology 24 (2):134-149.
    This paper presents arguments that challenge what I call the fact/value separability thesis: the idea, roughly, that factual judgements can be made independently of judgements of value. I will look at arguments to the effect that facts and values are entangled in the following areas of the scientific process in economics: theory development, economic concept formation, economic modelling, hypothesis testing, and hypothesis acceptance.
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  7.  1
    Introduction to Special Issue on INEM 2015.Don Ross - 2017 - Journal of Economic Methodology 24 (2):117-118.
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  8.  2
    Positive Public Economics: Reinterpreting ‘Optimal’ Policies.Brian C. Albrecht - 2017 - Journal of Economic Methodology 24 (1):90-103.
    The standard positive/normative divide fails to capture the way economists use ‘optimal’ taxation models. This paper argues that the better way to understand public economics is through a three-part division between positive, normative, and instrumental models. An instrumental model is about means and ends. Once this additional dimension is acknowledged, one can see that ‘optimal’ taxation models are closely connected to what are generally seen as purely positive models. I argue that economists have been using similar standards to assess ‘optimal’ (...)
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  9. Experimental Methodology on the Move. [REVIEW]Guala Francesco - 2017 - Journal of Economic Methodology 24 (1):108-114.
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  10.  3
    Critical Reflections on a Realist Interpretation of Friedman’s ‘Methodology of Positive Economics’.Edward Mariyani-Squire - 2017 - Journal of Economic Methodology 24 (1):69-89.
    Uskali Mäki has offered an innovative scientific realist account of Milton Friedman’s 1953 essay, ‘The Methodology of Positive Economics’, which directly challenges the dominant instrumentalist interpretation. This paper offers critical reflections on Mäki’s approach and interpretation. It is argued that Mäki’s method of rereading-rewriting the text is problematic; that an unforced instrumentalist account of unrealistic assumptions can be extracted from the text itself; and that seemingly realist passages can be plausibly read as expressing an instrumentalist stance.
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  11. Between a Compendium and a Hard Place. [REVIEW]Tiago Mata - 2017 - Journal of Economic Methodology 24 (1):104-108.
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  12.  2
    A Cognition Paradigm Clash: Simon, Situated Cognition and the Interpretation of Bounded Rationality.Enrico Petracca - 2017 - Journal of Economic Methodology 24 (1):20-40.
    Simon’s notion of bounded rationality is deeply intertwined with his activity as a cognitive psychologist and founder of so-called cognitivism, a mainstream approach in cognitive psychology until the 1980s. Cognitivism, understood as ‘symbolic information processing,’ provided the first cognitive psychology foundation to bounded rationality. Has bounded rationality since then fully followed the development of cognitive psychology beyond symbolic information processing in the post-Simonian era? To answer this question, this paper focuses on Simon’s opposition during the 1990s to a new view (...)
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