Psychology and Economics rather than Psychology versus Economics: Cultural differences but no barriers!
AbstractDuring the last three decades the ascent of behavioral economics clearly helped to bring down artificial disciplinary boundaries between psychology and economics. Noting that behavioral economics seems still under the spell of the rational choice tradition - and, indirectly, of behaviorism - we scrutinize in an exemplary manner how the development of some kind of "cognitive economics" might mirror the rise of "cognitive psychology" without endangering the advantages of the division of labor and of disciplinary specialization.
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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 2009-017.
Date of creation: 04 Mar 2009
Date of revision:
bounded rationality; game theory; satisficing; interdisciplinary research; experimental economics; economic psychology;
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This paper has been announced in the following NEP Reports:
- NEP-ALL-2009-03-14 (All new papers)
- NEP-CBE-2009-03-14 (Cognitive & Behavioural Economics)
- NEP-EVO-2009-03-14 (Evolutionary Economics)
- NEP-EXP-2009-03-14 (Experimental Economics)
- NEP-HPE-2009-03-14 (History & Philosophy of Economics)
- NEP-UPT-2009-03-14 (Utility Models & Prospect Theory)
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