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Adam Smith, Behavioral Economist

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Author Info
Nava Ashraf
Colin F. Camerer
George Loewenstein
Abstract

Adam Smith's psychological perspective in The Theory of Moral Sentiments is remarkably similar to "dual-process" frameworks advanced by psychologists, neuroscientists, and more recently by behavioral economists, based on behavioral data and detailed observations of brain functioning. It also anticipates a wide range of insights regarding phenomena such as loss aversion, willpower, and fairness that have been the focus of modern behavioral economics. This essay draws attention to some of these connections.

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Publisher Info
Article provided by American Economic Association in its journal Journal of Economic Perspectives.

Volume (Year): 19 (2005)
Issue (Month): 3 (Summer)
Pages: 131-145
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Handle: RePEc:aea:jecper:v:19:y:2005:i:3:p:131-145

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  1. Konow, James, 2008. "The Moral High Ground: An Experimental Study of Spectator Impartiality," MPRA Paper 18558, University Library of Munich, Germany. [Downloadable!]
  2. Becchetti Leonardo & Eleuteri Simone, 2006. "Piracy repression and “Proustian” effects in popular music markets," Departmental Working Papers 243, Tor Vergata University, CEIS. [Downloadable!]
  3. Stanton, Angela, 2006. "Evolving Economics: Synthesis," MPRA Paper 767, University Library of Munich, Germany, revised 24 Mar 2007. [Downloadable!]
  4. Jean-Yves Duclos, 2006. "Equity and Equality," Cahiers de recherche 0629, CIRPEE. [Downloadable!]
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  5. Alberto Chong & Hugo Nopo & Vanessa Rios, 2009. "Do Welfare Programs Damage Interpersonal Trust? Experimental Evidence from Representative Samples for Four Latin American Cities," RES Working Papers 4609, Inter-American Development Bank, Research Department. [Downloadable!]
  6. Konow, James, 2009. "Adam Smith and Moral Knowledge," MPRA Paper 18557, University Library of Munich, Germany. [Downloadable!]
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This page was last updated on 2009-12-13.

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