Behavioral economics: A methodological note
AbstractWhen a theory faces a set of facts that are not compatible with its key assumptions, there are several ways it might respond. In response to the challenge posed by behavioral economics, neoclassical economics has attempted numerous different approaches. After briefly reviewing these responses, this paper turns to argue in favor of one of them.
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Bibliographic InfoArticle provided by Elsevier in its journal Journal of Economic Psychology.
Volume (Year): 31 (2010)
Issue (Month): 1 (February)
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Web page: http://www.elsevier.com/locate/joep
Behavioral economics Neoclassical economics Economic theory Rational behavior Economic methodology;
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Blog mentionsAs found by EconAcademics.org, the blog aggregator for Economics research:
- Behavioral economics: A methodological note
by Alessandro Cerboni in Knowledge Team on 2013-12-31 19:16:09
- Charles G. Leathers & J. Patrick Raines, 2012. "Intuitive psychology, natural experiments, and the Greenspan-Bernanke conceptual framework for responding to financial crises," International Journal of Social Economics, Emerald Group Publishing, vol. 39(4), pages 281-295, March.
- Ottaviani, Cristina & Vandone, Daniela, 2011. "Impulsivity and household indebtedness: Evidence from real life," Journal of Economic Psychology, Elsevier, vol. 32(5), pages 754-761.
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