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Behavioral Economics And Public policy (in Persian)

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  • ,

    (Iran)

  • ,

    (Iran)

Abstract

Mainstream economics is based on some assumptions and axioms which enable its theories and models to analyze the surrounding events in the simplest possible form. However, analyzing these assumptions and axioms demonstrates that many of them and their suggested models are baseless in the real world or in terms of the experimental studies. It has made the mainstream economics approach very vulnerable against different criticisms and has convinced many economists to revise substantially all general and ideological frameworks of this kind of economics and to offer alternative approaches. In this light, behavioral economics is an alternative approach for this. Accordingly, while providing a succinct review on the main approaches in policy-making in the field of economy, this paper underlines the axioms necessary for defining the general policies based on the behavioral economic approach, including heuristic decision-making, the importance of social behaviors, the importance of belief, etc. It also emphasizes the fact that policy-making models in economics are more complex and extensive than what is considered in the mainstream models.

Suggested Citation

  • , & ,, 2014. "Behavioral Economics And Public policy (in Persian)," The Journal of Planning and Budgeting (٠صلنامه برنامه ریزی Ùˆ بودجه), Institute for Management and Planning studies, vol. 19(4), pages 147-182, October.
  • Handle: RePEc:auv:jipbud:v:19:y:2014:i:4:p:147-182
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    Cited by:

    1. Schröder, Daniel & Kirn, Lukas & Kinigadner, Julia & Loder, Allister & Blum, Philipp & Xu, Yihan & Lienkamp, Markus, 2023. "Ending the myth of mobility at zero costs: An external cost analysis," Research in Transportation Economics, Elsevier, vol. 97(C).
    2. Leonardo Becchetti & Chiara Lubicz, 2023. "Scitovsky Was Right…and There Is More: Comfort Goods, Stimulus Goods, Education and Subjective Wellbeing," CEIS Research Paper 565, Tor Vergata University, CEIS, revised 31 Jul 2023.

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