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Psychology and Economics rather than Psychology versus Economics: Cultural differences but no barriers!

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Author Info
Hermann Brandstätter (University of Linz)
Werner Güth (Max Planck Institute of Economics, Jena, Germany)
Hartmut Kliemt (Frankfurt School of Finance & Management, Frankfurt am Main, Germany)
Abstract

During 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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Publisher Info
Paper provided by Friedrich-Schiller-University Jena, Max-Planck-Institute of Economics, Thueringer Universitaets- und Landesbibliothek in its series Jena Economic Research Papers in Economics with number 2009-017.

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Date of creation: 04 Mar 2009
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Handle: RePEc:jrp:jrpwrp:2009-017

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Web page: http://www.jenecon.de

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Related research
Keywords: bounded rationality; game theory; satisficing; interdisciplinary research; experimental economics; economic psychology;

Find related papers by JEL classification:
B31 - Schools of Economic Thought and Methodology - - History of Thought: Individuals - - - Individuals
B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology
C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
C73 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Stochastic and Dynamic Games; Evolutionary Games
C78 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Bargaining Theory; Matching Theory
D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement

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This page was last updated on 2009-11-18.


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