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Psychology and economics rather than psychology versus economics: cultural differences but no barriers!
Brandstätter, Hermann; Güth, Werner; Kliemt, Hartmut - 2008
boundaries between psychology and economics. Noting that behavioral economics seems still under the spell of the rational choice … economics" might mirror the rise of cognitive psychology" without endangering the advantages of the division of labor and of …
Persistent link: https://www.econbiz.de/10010266656
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What's Psychology Worth? A Field Experiment in the Consumer Credit Market
Bertrand, Marianne; Karlan, Dean S.; Mullainathan, Sendhil - 2005
Numerous laboratory studies report on behaviors inconsistent with rational economic models. How much do these inconsistencies matter in natural settings, when consumers make large, real decisions and have the opportunity to learn from experiences? We report on a field experiment designed to...
Persistent link: https://www.econbiz.de/10010369232
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Economic behavior: Evolutionary vs. behavioral perspectives
Witt, Ulrich - 2010
economic decision making in a way similar to the approach taken by evolutionary psychology, i.e. by focusing on decision …
Persistent link: https://www.econbiz.de/10010286736
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Evolutionary economics and psychology
Witt, Ulrich - 2006
Evolutionary economics is a paradigm for explaining the transformation of the economy. To achieve its goal, it needs being founded on a proper theory of economic behavior. The paper discusses these foundations. It is argued that the historical malleability of economic behavior is based on the...
Persistent link: https://www.econbiz.de/10010266724
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Prospects for an evolutionary economic psychology: buying and consumption as a test case
Lea, Stephen E. G.; Newson, Lesley - 2007
economic behaviour is influenced by both the genes and the culture that we "inherit" and that both are a result of a Darwinian … evolutionary process. An evolutionary approach is therefore likely to be of value in developing theories of economic behaviour. We …-scale society become consumers in a modern society and where this behaviour is likely to lead our species. …
Persistent link: https://www.econbiz.de/10010267065
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From Carl Menger's theory of goods to an evolutionary approach to consumer behaviour
Ruprecht, Wilhelm - 2005
paper aims at sketching an evolutionary framework for the analysis of consumer behaviour that takes account of these …
Persistent link: https://www.econbiz.de/10010266740
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Optimism, pessimism and the unforeseen: Modelling an endogenous business cycle driven by strong beliefs
Sell, Friedrich L. - 2002
Indicators of trust, confidence, optimism or sentiment among consumers and/or investors, are published continuously in the mass media. More importantly, these indices seem not only to reflect how the state of the real economy is perceived by private agents, but can also help predict the future...
Persistent link: https://www.econbiz.de/10010300404
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Behavioral foundations of microcredit: Experimental and survey evidence from rural India
Bauer, Michal; Chytilová, Julie; Morduch, Jonathan - 2010
Microcredit is an innovative financial tool designed to reduce poverty and fix credit market imperfections. We use experimental measures of time discounting and risk aversion for villagers in south India to highlight behavioral features of microcredit. Conditional on borrowing from any source,...
Persistent link: https://www.econbiz.de/10010269753
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Behavioral foundations of microcredit: Experimental and survey evidence from rural India
Bauer, Michal; Chytilová, Julie; Morduch, Jonathan - 2008
This paper draws a link between self-control problems and the contractual mechanisms of microcredit. We use a series of lab experiments in the field which were designed to elicit measures of time discounting on a sample of 573 individuals in rural Karnataka, India. Evidence from the experiments...
Persistent link: https://www.econbiz.de/10010326748
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Anarchism, postmodernism and realism under confirmatory bias
Urrutia Elejalde, Juan - In: SERIEs - Journal of the Spanish Economic Association 3 (2012) 1/2, pp. 273-290
evolution and the psychology of confirmatory bias. This latter can be thought of as a second best adaptation to the forces of …
Persistent link: https://www.econbiz.de/10010317099