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Behavioral economics aspires to replace the agents of neoclassical economics with living, breathing human beings. Here, the author argues that behavioral economics, like its neoclassical counterpart, often neglects the role of active sense-making that motivates and guides much human behavior....
Persistent link: https://www.econbiz.de/10012130847
Behavioral economics characterizes decision-makers using psychologically-informed models. Cognitive science produces psychologically-informed models. Why don't these disciplines talk more? Here, the author presents several arguments for why cognitive science should inform behavioral economics -...
Persistent link: https://www.econbiz.de/10011976074
In their search for empirical credibility, public management researchers may search for topics that lend themselves more easily to experimental methods. This chapter looks at how the use of the experimental method may change the questions asked in the field of public management. Possible...
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In an information cascade experiment participants are confronted with artificial predecessors predicting in line with …
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Many papers have reported behavioral biases in belief formation that come on top of standard game-theoretic reasoning. We show that the processes involved depend on the way participants reason about their beliefs. When they think about what everybody else or another "unspeci fied" individual is...
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scholarship, the core ingredients of a well done experiment, and common distinctions between experimental economics and other …
Persistent link: https://www.econbiz.de/10014023489
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