UID:
almafu_9959230703802883
Format:
1 online resource (xii, 223 pages) :
,
digital, PDF file(s).
ISBN:
1-139-69907-5
,
1-139-86210-3
,
1-139-86097-6
,
1-139-86523-4
,
1-139-86882-9
,
1-139-86311-8
,
1-139-87096-3
,
1-139-60022-2
Series Statement:
Historical perspectives on modern economics
Content:
This book presents a history of behavioral economics. The recurring theme is that behavioral economics reflects and contributes to a fundamental reorientation of the epistemological foundations upon which economics had been based since the days of Smith, Ricardo, and Mill. With behavioral economics, the discipline has shifted from grounding its theories in generalized characterizations to building theories from behavioral assumptions directly amenable to empirical validation and refutation. The book proceeds chronologically and takes the reader from von Neumann and Morgenstern's axioms of rational behavior, through the incorporation of rational decision theory in psychology in the 1950s-70s, to the creation and rise of behavioral economics in the 1980s and 1990s at the Sloan and Russell Sage Foundations.
Note:
Title from publisher's bibliographic system (viewed on 12 Feb 2016).
,
Cover; Halftitle; Series; Title; Copyright; Dedication; Contents; Acknowledgments; Introduction; 1 Understanding Human Behavior; 1. Introduction; 2. Mill and the Nature of Economic Reasoning; 3. Thurstone versus Wallis and Friedman; 4. Von Neumann and Morgenstern's Hilbertian Mathematics of Social Reality; 5. Conclusion; 2 The Incorporation of von Neumann and Morgenstern's Behavioral Axioms in Economics and Psychology; 1. Introduction; 2. Friedman and Savage (1948); 3. Economic Opposition to the von Neumann and Morgenstern and the Friedman and Savage Interpretation
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4. The Savage-Allais Debate5. Mathematical Psychology and Behavioral Decision Research; 6. Friedman and the Methodology of Positive Economics; 7. Conclusion; Appendix 1; 3 "Measurement Theory in Psychology Is Behavior Theory"; 1. Introduction; 2. Psychology at Michigan; 3. Mathematical Psychology and Behavioral Decision Research; 4. Decision Making and Measurement; 5. Measurement and Decision Making in Psychology; 6. Conclusion; 4 Kahneman and Tversky; 1. Introduction; 2. Tversky Caught between A Priori Axioms and Behavioral Deviations; 3. Kahneman's Cognitive Mistakes
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4. The Collaboration: Heuristics, Biases, and Prospect Theory5. Explaining the Success of the Kahneman-Tversky Perspective; Friendly Criticism and the Normative-Descriptive Shuffle; The Role of the New Type of Experiments; Intuitively Appealing Examples; 6. Conclusion; 5 Incorporating Psychological Experiments in Economics and the Construction of Behavioral Economics; 1. Introduction; 2. Corroboration and Incorporation of Psychology's Behavioral Deviations in Smith's Experimental Economics; 3. Thaler's Economic Anomalies and the Creation of Behavioral Finance
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4 Thaler, Kahneman, and the Sloan-Sage Behavioral Economics Program45. Distinguishing Experimental Economics from Behavioral Economics, 1980s through the 2000s; 6. Conclusion; 6 Building and Defining Behavioral Economics; 1. Introduction; 2. Defining and Distinguishing Behavioral Economics in the 1990s and 2000s; Intertemporal Choice and the Dual System Approach; Are Preferences Innate to Human Nature or Do They Emerge through Interaction with the Environment?; Understanding Behavioral Economics in Terms of Rationality; Welfare Economics as a Form of Paternalism
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3. Distinguishing Behavioral Economics from Experimental Economics4. Conclusion; Epilogue; References; Index
,
English
Additional Edition:
ISBN 1-107-56954-0
Additional Edition:
ISBN 1-107-03934-7
Language:
English
URL:
Volltext
(lizenzpflichtig)
URL:
https://doi.org/10.1017/CBO9781139600224
