IDEAS home Printed from https://ideas.repec.org/a/ief/reveye/v43y2005i1p55-98.html
   My bibliography  Save this article

Después de Kahneman y Tversky; ¿Qué queda de la Teoría Económica?

Author

Listed:
  • Juan Carlos De Pablo

    (Titular de DEPABLOCONSULT (Buenos Aires, Argentina). Universidad de San Andrés (Buenos Aires, Argentina). Universidad del CEMA (Buenos Aires, Argentina))

Abstract

En "Una mente brillante" el decano de la facultad le dice a John Forbes Nash: “¿se da usted cuenta que esto contradice 150 años de teoría económica?”. Además, desde que en 2002 el premio Nobel en economía le fue otorgado al psicólogo cognitivista Daniel Kahneman, más de un periodista sugiere que “lo poco que quedaba del análisis económico” tiene que ser tirado a la basura. Con respecto al trabajo realizado por Kahneman (y Amos Tversky), el objetivo de este trabajo consiste en contestar interrogantes como los siguientes: ¿Cuánto hay de cierto en la hipótesis periodística? ¿Cómo debemos los economistas digerir sus hallazgos y sus propuestas? ¿Qué debemos enseñar en las aulas?. / In A beautiful mind the Dean says to John Forbes Nash: "do you realize that this contradicts 150 years of political economy?". Besides, since in 2002 cognitive psychologist Daniel Khaneman got the Nobel prize in economics, journalists ask if there is any remaining worth in economic analysis. Referred to the work of Khaneman (and the late Amos Tversky), this paper answer questions like the following: is it true the journalist hypothesis? What economists should do with Khaneman’s findings and proposals? What should we teach in the classroom?

Suggested Citation

  • Juan Carlos De Pablo, 2005. "Después de Kahneman y Tversky; ¿Qué queda de la Teoría Económica?," Revista de Economía y Estadística, Universidad Nacional de Córdoba, Facultad de Ciencias Económicas, Instituto de Economía y Finanzas, vol. 43(1), pages 55-98, Junio.
  • Handle: RePEc:ief:reveye:v:43:y:2005:i:1:p:55-98
    DOI: 10.55444/2451.7321.2005.v43.n1.3812
    as

    Download full text from publisher

    File URL: https://revistas.unc.edu.ar/index.php/REyE/article/view/3812/6788
    Download Restriction: no

    File URL: https://libkey.io/10.55444/2451.7321.2005.v43.n1.3812?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Colin Camerer & Linda Babcock & George Loewenstein & Richard Thaler, 1997. "Labor Supply of New York City Cabdrivers: One Day at a Time," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 112(2), pages 407-441.
    2. J. M. Keynes, 1937. "The General Theory of Employment," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 51(2), pages 209-223.
    3. Simon, Herbert A, 1978. "Rationality as Process and as Product of Thought," American Economic Review, American Economic Association, vol. 68(2), pages 1-16, May.
    4. Gerald Garb, 1971. "A Theory Of Market Demand," Kyklos, Wiley Blackwell, vol. 24(1), pages 50-64, February.
    5. Richard H. Thaler, 2017. "Behavioral Economics," Journal of Political Economy, University of Chicago Press, vol. 125(6), pages 1799-1805.
    6. Lachmann, Ludwig M, 1976. "From Mises to Shackle: An Essay on Austrian Economics and the Kaleidic Society," Journal of Economic Literature, American Economic Association, vol. 14(1), pages 54-62, March.
    7. Daniel Kahneman, 2003. "A Psychological Perspective on Economics," American Economic Review, American Economic Association, vol. 93(2), pages 162-168, May.
    8. Samuelson, Paul A, 1972. "Maximum Principles in Analytical Economics," American Economic Review, American Economic Association, vol. 62(3), pages 249-262, June.
    9. Daniel Kahneman & Amos Tversky, 2013. "Prospect Theory: An Analysis of Decision Under Risk," World Scientific Book Chapters, in: Leonard C MacLean & William T Ziemba (ed.), HANDBOOK OF THE FUNDAMENTALS OF FINANCIAL DECISION MAKING Part I, chapter 6, pages 99-127, World Scientific Publishing Co. Pte. Ltd..
    10. Maurice Lagueux, 2004. "The forgotten role of the rationality principle in economics," Journal of Economic Methodology, Taylor & Francis Journals, vol. 11(1), pages 31-51.
    11. Matthew Rabin, 2003. "The Nobel Memorial Prize for Daniel Kahneman," Scandinavian Journal of Economics, Wiley Blackwell, vol. 105(2), pages 157-180, June.
    12. R. W. Garrison, 1997. "The Lachmann Legacy: An Agenda for Macroeconomics," South African Journal of Economics, Economic Society of South Africa, vol. 65(4), pages 214-223, December.
    13. Daniel Kahneman, 2003. "Maps of Bounded Rationality: Psychology for Behavioral Economics," American Economic Review, American Economic Association, vol. 93(5), pages 1449-1475, December.
    14. Simon, Herbert A, 1979. "Rational Decision Making in Business Organizations," American Economic Review, American Economic Association, vol. 69(4), pages 493-513, September.
    15. Rabin, Matthew, 1993. "Incorporating Fairness into Game Theory and Economics," American Economic Review, American Economic Association, vol. 83(5), pages 1281-1302, December.
    16. Baumol, William J, 1979. " On the Contributions of Herbert A. Simon to Economics," Scandinavian Journal of Economics, Wiley Blackwell, vol. 81(11), pages 74-82.
    17. Colin Camerer & Richard H. Thaler, 2003. "In Honor of Matthew Rabin: Winner of the John Bates Clark Medal," Journal of Economic Perspectives, American Economic Association, vol. 17(3), pages 159-176, Summer.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Juan Carlos de Pablo, 2004. "La economía como proceso decisorio. Reseña de ideas ajenas," CEMA Working Papers: Serie Documentos de Trabajo. 263, Universidad del CEMA.
    2. Altman, Morris, 2014. "Insights from behavioral economics on how labor markets work," Working Paper Series 3466, Victoria University of Wellington, School of Economics and Finance.
    3. Ardalan, Kavous, 2018. "Neurofinance versus the efficient markets hypothesis," Global Finance Journal, Elsevier, vol. 35(C), pages 170-176.
    4. David Dequech, 2008. "Varieties of uncertainty: a survey of the economic literature," Anais do XXXVI Encontro Nacional de Economia [Proceedings of the 36th Brazilian Economics Meeting] 200807211223070, ANPEC - Associação Nacional dos Centros de Pós-Graduação em Economia [Brazilian Association of Graduate Programs in Economics].
    5. Ronald Schettkat, 2018. "The Behavioral Economics of John Maynard Keynes," Schumpeter Discussion Papers sdp18007, Universitätsbibliothek Wuppertal, University Library.
    6. Eduard Marinov, 2017. "The 2017 Nobel Prize in Economics," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 6, pages 117-159.
    7. Döring Thomas, 2013. "John Maynard Keynes als Verhaltensökonom – illustriert anhand seiner Analyse des Versailler Vertrags / John Maynard Keynes as Behavioral Economist – Represented by his Analysis of the Treaty of Versai," ORDO. Jahrbuch für die Ordnung von Wirtschaft und Gesellschaft, De Gruyter, vol. 64(1), pages 27-52, January.
    8. Committee, Nobel Prize, 2017. "Richard H. Thaler: Integrating Economics with Psychology," Nobel Prize in Economics documents 2017-1, Nobel Prize Committee.
    9. Floris Heukelom, 2007. "Who are the Behavioral Economists and what do they say?," Tinbergen Institute Discussion Papers 07-020/1, Tinbergen Institute.
    10. Kavous Ardalan, 2018. "Behavioral attitudes toward current economic events: a lesson from neuroeconomics," Business Economics, Palgrave Macmillan;National Association for Business Economics, vol. 53(4), pages 202-208, October.
    11. Sliwka, Dirk & Werner, Peter, 2016. "How Do Agents React to Dynamic Wage Increases? An Experimental Study," IZA Discussion Papers 9855, Institute of Labor Economics (IZA).
    12. Stefano DellaVigna, 2009. "Psychology and Economics: Evidence from the Field," Journal of Economic Literature, American Economic Association, vol. 47(2), pages 315-372, June.
    13. Hosseini, Hamid, 2003. "The arrival of behavioral economics: from Michigan, or the Carnegie School in the 1950s and the early 1960s?," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 32(4), pages 391-409, September.
    14. Nolan Ritter & Julia Anna Bingler, 2021. "Do homo sapiens know their prices? Insights on dysfunctional price mechanisms from a large field experiment," CER-ETH Economics working paper series 21/348, CER-ETH - Center of Economic Research (CER-ETH) at ETH Zurich.
    15. Johannes Abeler & Armin Falk & Lorenz Goette & David Huffman, 2011. "Reference Points and Effort Provision," American Economic Review, American Economic Association, vol. 101(2), pages 470-492, April.
    16. MacLeod, W Bentley, 2016. "Human capital: Linking behavior to rational choice via dual process theory," Labour Economics, Elsevier, vol. 41(C), pages 20-31.
    17. Wolfgang Pesendorfer, 2006. "Behavioral Economics Comes of Age," Levine's Bibliography 321307000000000038, UCLA Department of Economics.
    18. Tiziana Assenza & Alberto Cardaci & Domenico Delli Gatti, 2019. "Perceived Wealth, Cognitive Sophistication and Behavioral Inattention," CESifo Working Paper Series 7992, CESifo.
    19. Gebhard Kirchgässner, 2013. "The Weak Rationality Principle in Economics," Swiss Journal of Economics and Statistics (SJES), Swiss Society of Economics and Statistics (SSES), vol. 149(I), pages 1-26, March.
    20. Bogliacino, Francesco & Codagnone, Cristiano, 2021. "Microfoundations, behaviour, and evolution: Evidence from experiments," Structural Change and Economic Dynamics, Elsevier, vol. 56(C), pages 372-385.

    More about this item

    Keywords

    Teoría económica;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ief:reveye:v:43:y:2005:i:1:p:55-98. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Ivan Iturralde (email available below). General contact details of provider: https://edirc.repec.org/data/ieuncar.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.