English, Article, Journal or magazine article edition: (Non-) Behavioral Economics - A Programmatic Assessment Werner Güth

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Bookmark: http://trove.nla.gov.au/version/766
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • (Non-) Behavioral Economics - A Programmatic Assessment
Author
  • Werner Güth
Physical Description
  • preprint
Notes
  • Economic theory has evolved without paying proper attention to behavioral approaches, especially to social, economic, and cognitive psychology. This has recently changed by including behavioral economics courses in many doctoral study programs. Although this new development is most welcome, the typical topics of the behavioral economics courses are not truly behavioral. More specifically, we question whether eoclassical repairs or game fitting exercises as well as more or less mechanic adaptation processes qualify as behavioral approaches. To avoid criticizing without offering alternatives, we suggest some truly behavioral concepts, especially the satisficing approach.
  • (Un)Bounded rationality, Satisficing, Learning, Experimental and Behavioral Economics
  • RePEc:jrp:jrpwrp:2007-099
Language
  • English
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