Arbeitspapier

(Non-) behavioral economics: a programmatic assessment

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 neoclassical 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.

Language
Englisch

Bibliographic citation
Series: Jena Economic Research Papers ; No. 2007,099

Classification
Wirtschaft
Role of Economics; Role of Economists; Market for Economists
Economic Methodology
Current Heterodox Approaches: Historical; Institutional; Evolutionary
Noncooperative Games
Design of Experiments: Laboratory, Individual
Subject
(Un)Bounded rationality
Satisficing
Learning
Experimental and Behavioral Economics
Verhaltensökonomik
Beschränkte Rationalität
Lernprozess
Test

Event
Geistige Schöpfung
(who)
Güth, Werner
Event
Veröffentlichung
(who)
Friedrich Schiller University Jena and Max Planck Institute of Economics
(where)
Jena
(when)
2007

Handle
Last update
10.03.2025, 11:42 AM CET

Data provider

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Object type

  • Arbeitspapier

Associated

  • Güth, Werner
  • Friedrich Schiller University Jena and Max Planck Institute of Economics

Time of origin

  • 2007

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