ENGLISH

Psychology, Rationality and Economic Behaviour: Challenging Standard Assumptions

By Bina Agarwal , Alessandro Vercelli

Book information

Publisher
Palgrave Macmillan
Year
2005
ISBN
1403942536, 9781403942531, 9780230522343
LCC
HB74.P8 I58 2002
Open Library ID
OL22634378M
Language
english
Format
PDF
Filesize
1 MB (1114041 bytes)
Series
International Economic Association Conference Volumes
Pages
285\285
Topic
Economy
Library
Kolxo3
Scanned
yes
Time added
2010-07-29 05:14:56

Description

Economics has paid little attention to the psychology of economic behavior, leading to somewhat simplistic assumptions about human nature. The psychological aspects have typically been reduced to assumptions of standard utility theory, based on a narrow conception of rationality, often called "substantive rationality". However, recent work, some theoretic, some based on experimental economics or an empirical analysis of existing data, challenges these assumptions and forefronts the psychological dimensions of economic decisions. The essays in this volume provide a glimpse of this exciting and newly emerging field.

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