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The Relationship Between Behavioural And Neoclassical Economic

Author

Listed:
  • Paula-Elena Diacon

    (Faculty of Economics and Business Administration within Alexandru Ioan Cuza University of Iasi, Romania)

  • Madalina Calance

    (Faculty of Economics and Business Administration within Alexandru Ioan Cuza University of Iasi, Romania)

Abstract

The purpose of this article is to analyze the relationship between the discipline of Behavioural Economics and the Neoclassical School. On the basis of the available literature, the paper aims to investigate if the two branches are totally opposite, or if the behavioural theories only extend and complement the mainstream economics.

Suggested Citation

  • Paula-Elena Diacon & Madalina Calance, 2014. "The Relationship Between Behavioural And Neoclassical Economic," CES Working Papers, Centre for European Studies, Alexandru Ioan Cuza University, vol. 6(1), pages 71-76, March.
    • Handle: RePEc:jes:wpaper:y:2014:v:6:i:1:p:71-76
    as

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    File URL: http://www.ceswp.uaic.ro/articles/CESWP2014_VI1_DIA.pdf
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    References listed on IDEAS

    as
    1. Rabin, Matthew, 2002. "A perspective on psychology and economics," European Economic Review, Elsevier, vol. 46(4-5), pages 657-685, May.
    2. George Loewenstein, 2000. "Emotions in Economic Theory and Economic Behavior," American Economic Review, American Economic Association, vol. 90(2), pages 426-432, May.
    3. Etzioni, Amitai, 2010. "Behavioral economics: A methodological note," Journal of Economic Psychology, Elsevier, vol. 31(1), pages 51-54, February.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    behavioural economics; mainstream economics; economic behaviour;
    All these keywords.

    JEL classification:

    • D01 - Microeconomics - - General - - - Microeconomic Behavior: Underlying Principles
    • D03 - Microeconomics - - General - - - Behavioral Microeconomics: Underlying Principles

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