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Mentalism versus behaviourism in economics: a philosophy-of-science perspective
Dietrich, Franz; List, Christian - Volkswirtschaftliche Fakultät, … - 2012
mentalist approach to economics. Setting aside normative concerns about behaviourism, we show that mentalism is in line with …Behaviourism is the view that preferences, beliefs, and other mental states in social-scienti�c theories are auxiliary … constructs re-describing people's behav- ioural dispositions. Mentalism is the view that they capture real phenomena, no less …
Persistent link: https://www.econbiz.de/10011258839
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Revealed Preference and Nonparametric Analysis – Continuous Extensions and Recoverability
Heufer, Jan - Rheinisch-Westfälisches Institut für … - 2012
This paper shows how revealed preference relations, observed under general budget sets, can be extended using closure operators which impose certain assumptions on preferences. Common extensions are based on the assumption that preferences are convex and/or monotonic, but we also consider...
Persistent link: https://www.econbiz.de/10010540947
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Entscheidungsfreiheit als Grundlage wirtschaftswissenschaftlicher Forschung
Küpper, Hans-Ulrich - Volkswirtschaftliche Fakultät, … - 2006
Entscheidungstheorie durch Ethik und Neurobiologie in Frage gestellt wird. Nach dem in ihm entwickelten Verständnis von Unternehmensethik …
Persistent link: https://www.econbiz.de/10005649761
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Asian Disease-type of Framing of Outcomes as an Historical Curiosity
Jullien, Dorian - Groupe de REcherche en Droit, Économie, Gestion … - 2013
This paper discusses the ways by which a certain type of behavioral deviation from expected utility theory has been handled by psychologists and economists. With respect to the historical background of decision theory in economics, it is argued that there are good reasons for more theoretical...
Persistent link: https://www.econbiz.de/10010860430
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Belief Formation, Second Version
Compte, Olivier; Postlewaite, Andrew - Department of Economics, University of Pennsylvania - 2009
Consider an agent who is unsure of the state of the world and faces computational bounds on mental processing. The agent receives a sequence of signals imperfectly correlated with the true state that he will use to take a single decision. The agent is assumed to have a finite number of "states...
Persistent link: https://www.econbiz.de/10010556294
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A Comparison of Models Describing the Impact of Moral Decision Making on Investment Decisions
Hofmann, Eva; Hoelzl, Erik; Kirchler, Erich - In: Journal of Business Ethics 82 (2008) 1, pp. 171-187
Persistent link: https://www.econbiz.de/10005719425
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(Over-)Stylizing Experimental Findings and Theorizing with Sweeping Generality
Gueth, Werner; Kliemt, Hartmut; Levati, M. Vittoria - In: Rationality, Markets and Morals (2009) 11
Human decision making is a process guided by different and partly competing motivations that can each dominate behavior and lead to different effects depending on strength and circumstances. 'Over-stylizing' neglects such competing concerns and context-dependence, although it facilitates the...
Persistent link: https://www.econbiz.de/10008457252
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La méthodologie économique du déductivisme millien au néo-positivisme
Cozic, Mikaël - In: Revue d'économie politique 124 (2014) 1, pp. 23-73
The aim of this paper is to provide a survey of the main issues and of the most important trends in economic methodology. It is organized around the generalized Mill?s problem : does economics obey the methodological standards of empirical science ? The study is divided in two parts. The first...
Persistent link: https://www.econbiz.de/10011187233
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Behavioral Public Economics: Welfare and Policy Analysis with Non-Standard Decision-Makers
Bernheim, B. Douglas; Rangel, Antonio - Stanford Institute for Economic Policy Research … - 2005
This paper has two goals. First, we discuss several emerging approaches to applied welfare analysis under non-standard (“behavioral”) assumptions concerning consumer choice. This provides a foundation for Behavioral Public Economics. Second, we illustrate applications of these approaches by...
Persistent link: https://www.econbiz.de/10010878010
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Rational inattention and revealed preference: The data-theoretic approach to economic modeling
Caplin, Andrew - In: Research in Economics 68 (2014) 4, pp. 295-305
Beliefs have as pervasive a role as utility functions in economic models of choice, and are no more visible to the naked eye. This suggests the value of a data-theoretic approach to imperfect information along the lines of Samuelson's “revealed preference” approach to utility maximization. I...
Persistent link: https://www.econbiz.de/10011118162