(Over-)Stylizing experimental findings and theorizing with sweeping generality
AbstractHuman decision making is a process guided by different and partly competing motivations that can each dominate behavior and lead to different effects depending on strength and circumstances. "Over-stylizing" neglects such competing concerns and context-dependence, although it facilitates the emergence of elaborate general theories. We illustrate by examples from social dilemma experiments and inequality aversion theories that sweeping empirical claims should be avoided.
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Bibliographic InfoPaper provided by Friedrich-Schiller-University Jena, Max-Planck-Institute of Economics in its series Jena Economic Research Papers with number 2008-092.
Date of creation: 09 Dec 2008
Date of revision:
Context-dependent preferences; Experimental economics; Equity theories.;
Other versions of this item:
- Werner Gueth & Hartmut Kliemt & M. Vittoria Levati, 2009. "(Over-)Stylizing Experimental Findings and Theorizing with Sweeping Generality," Rationality, Markets and Morals, Frankfurt School Verlag, Frankfurt School of Finance & Management, vol. 0(16), November.
- A11 - General Economics and Teaching - - General Economics - - - Role of Economics; Role of Economists
- D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
- D70 - Microeconomics - - Analysis of Collective Decision-Making - - - General
This paper has been announced in the following NEP Reports:
- NEP-ALL-2008-12-21 (All new papers)
- NEP-CBE-2008-12-21 (Cognitive & Behavioural Economics)
- NEP-EXP-2008-12-21 (Experimental Economics)
- NEP-HPE-2008-12-21 (History & Philosophy of Economics)
- NEP-LAB-2008-12-21 (Labour Economics)
- NEP-PKE-2008-12-21 (Post Keynesian Economics)
- NEP-UPT-2008-12-21 (Utility Models & Prospect Theory)
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