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The challenge of fear to Economics

Listed author(s):
  • Cedrini, Mario A.

    ()

  • Novarese, Marco

    ()

Until the advent of Behavioral and Neuroeconomics, Economics has generally tended to undervalue, on average, the importance of fear. Fear has traditionally been regarded as pertaining to an alternative domain with respect to rationality: it has thus been considered as triggering mechanism of anomalous, even irrational behavior. Conversely, the article speculates on the complexity of the concept of fear and of the social effects it is thought to produce. While discussing the eventual desirability of a freed-from-fear world and Western obsession with risk management and safety from the economic problem and other pressures, the paper provides a general introduction to the relevance of the relatively unexplored issue of fear to economics as discipline as well as to applied economics in public policy.

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File URL: http://polis.unipmn.it/pubbl/RePEc/uca/ucapdv/polis0235.pdf
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Paper provided by Institute of Public Policy and Public Choice - POLIS in its series POLIS Working Papers with number 187.

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Length: 26 pages
Date of creation: Apr 2016
Handle: RePEc:uca:ucapdv:187
Contact details of provider: Web page: http://polis.unipmn.it

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  1. Aviad Tur-Sinai, 2014. "Adaptation patterns and consumer behavior as a dependency on terror," Mind & Society: Cognitive Studies in Economics and Social Sciences, Springer;Fondazione Rosselli, vol. 13(2), pages 257-269, November.
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  4. Joseph E. Stiglitz, 2013. "Stable Growth in an Era of Crises; Learning from Economic Theory and History," Ekonomi-tek - International Economics Journal, Turkish Economic Association, vol. 2(1), pages 1-39, January.
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  6. Akerlof, George A & Dickens, William T, 1982. "The Economic Consequences of Cognitive Dissonance," American Economic Review, American Economic Association, vol. 72(3), pages 307-319, June.
  7. Davis, John B., 2013. "Economics Imperialism under the Impact of Psychology: The Case of Behavioral Development Economics," OEconomia, Editions NecPlus, vol. 2013(01), pages 119-138, March.
  8. Pugno, Maurizio, 2014. "Scitovsky, behavioural economics, and beyond," Economics - The Open-Access, Open-Assessment E-Journal, Kiel Institute for the World Economy (IfW), vol. 8, pages 1-29.
  9. Sandro Busso, 2014. "Modern institutions between trust and fear: elements for an interpretation of legitimation through expertise," Mind & Society: Cognitive Studies in Economics and Social Sciences, Springer;Fondazione Rosselli, vol. 13(2), pages 247-256, November.
  10. Julie Nelson, 2015. "Fearing fear: gender and economic discourse," Mind & Society: Cognitive Studies in Economics and Social Sciences, Springer;Fondazione Rosselli, vol. 14(1), pages 129-139, June.
  11. Robin Pope, 2015. "Attention deficit hyperactivity disorders, panic attacks, epileptic fits, depressions and dementias from missing out on appropriate fears and hopes," Mind & Society: Cognitive Studies in Economics and Social Sciences, Springer;Fondazione Rosselli, vol. 14(1), pages 107-127, June.
  12. Elisa Gambetti & Fiorella Giusberti, 2014. "The role of anxiety and anger traits in financial field," Mind & Society: Cognitive Studies in Economics and Social Sciences, Springer;Fondazione Rosselli, vol. 13(2), pages 271-284, November.
  13. Gloria Origgi, 2014. "Fear of principles? A cautious defense of the Precautionary Principle," Mind & Society: Cognitive Studies in Economics and Social Sciences, Springer;Fondazione Rosselli, vol. 13(2), pages 215-225, November.
  14. Anna Maria Carabelli & Mario Aldo Cedrini, 2013. "Further issues on the Keynes--Hume connection relating to the theory of financial markets in the General Theory," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 20(6), pages 1071-1100, December.
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