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Integración de la economía con la psicología: Richard H. Thaler, premio novel de economía 2017
[Integration of the economy with psicology: Richard H. Thaler, nobel prize of economy 2017]

Author

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  • José G. Vargas Hernández

Abstract

This paper aims to analyze the main contributions of Richard H. Thaler to the sci-ence of behavioral economics, which have been considered to grant him the Nobel Prize Sveriges Riksbank of Economics in 2017. His contributions incorporate psy-chology into the economic decision-making processes departing from instrumental rationality and the theory of rational choice to contribute to the generation of a new perspective in economic theory and economic policy. The method used is funda-mentally analytical-descriptive based on a review of his main publications. Finally, it is concluded that Thaler and his collaborators exert a relevant infl uence when generating a new frame of reference to explain and predict economic results from an approximation of limited rational behavior, the theory of limited accounting and the model of planer-maker under the concept of nudge which have an impact on the design and implementation of public policies

Suggested Citation

  • José G. Vargas Hernández, 2018. "Integración de la economía con la psicología: Richard H. Thaler, premio novel de economía 2017 [Integration of the economy with psicology: Richard H. Thaler, nobel prize of economy 2017]," Estudios Economicos, Universidad Nacional del Sur, Departamento de Economia, vol. 35(71), pages 101-113, july-dece.
    • Handle: RePEc:uns:esteco:v:35:y:2018:i:71:p:101-113
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    More about this item

    Keywords

    empujón; economía conductual; efecto de dotación; contabilidad mental; racionalidad limitada;
    All these keywords.

    JEL classification:

    • B31 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - Individuals
    • B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology
    • D91 - Microeconomics - - Micro-Based Behavioral Economics - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making

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