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Economics and Psychology: A Promising New Cross-Disciplinary Field
Frey, Bruno S. (contributor); Stutzer, Alois (contributor) - The MIT Press
The integration of economics and psychology has created a vibrant and fruitful emerging field of study. The essays in … Economics and Psychology take a broad view of the interface between these two disciplines, going beyond the usual focus on … "behavioral economics." As documented in this volume, the influence of psychology on economics has been responsible for a view of …
Persistent link: https://www.econbiz.de/10008632730
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On the relationship between individual and group decisions
Sobel, Joel - In: Theoretical Economics 9 (2014) 1, pp. 163-185
Each member of a group receives a signal about the unknown state of the world and decides upon a utility-maximizing recommendation on the basis of that signal. The individuals have identical preferences. The group makes a decision that maximizes the common utility function assuming perfect...
Persistent link: https://www.econbiz.de/10011599508
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Self-regulation through goal setting
Koch, Alexander K.; Nafziger, Julia - 2008
questions in a model based on two stylized facts from psychology and behavioral economics: i) Goals serve as reference points …
Persistent link: https://www.econbiz.de/10010268967
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Motivational goal bracketing
Koch, Alexander K.; Nafziger, Julia - 2009
It is a puzzle why people often evaluate consequences of choices separately (narrow bracketing) rather than jointly (broad bracketing). We study the hypothesis that a present-biased individual, who faces two tasks, may bracket his goals narrowly for motivational reasons. Goals motivate because...
Persistent link: https://www.econbiz.de/10010271317
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On the relationship between individual and group decisions
Sobel, Joel - In: Theoretical economics : TE ; an open access journal in … 9 (2014) 1, pp. 163-185
Each member of a group receives a signal about the unknown state of the world and decides upon a utility-maximizing recommendation on the basis of that signal. The individuals have identical preferences. The group makes a decision that maximizes the common utility function assuming perfect...
Persistent link: https://www.econbiz.de/10011684935
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African Development,Partnership and Rationality Challenge:An Exposition
NWAOBI, GODWIN - Volkswirtschaftliche Fakultät, … - 2013
Since 1950s, most African nations have gained independence from their colonial powers. Fortunately, independence has brought many changes to these nations and these include multi-party democratic government and western education systems. Unfortunately, the Africa’s economy is the least...
Persistent link: https://www.econbiz.de/10011259767
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Motivational Goal Bracketing
Koch, Alexander K.; Nafziger, Julia - Institute for the Study of Labor (IZA) - 2009
It is a puzzle why people often evaluate consequences of choices separately (narrow bracketing) rather than jointly (broad bracketing). We study the hypothesis that a present-biased individual, who faces two tasks, may bracket his goals narrowly for motivational reasons. Goals motivate because...
Persistent link: https://www.econbiz.de/10008517973
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L’expérimentation en économie et en psychologie: une comparaison méthodologique.
Marc, Ohana - EconWPA - 2004
L’objet de ce travail est de souligner les divergences qui ont amené les expérimentateurs en économie à se démarquer de la méthodologie expérimentale introduite par les psychologues. Après avoir rappelé en quoi consiste une expérience de laboratoire et quels sont les principes de...
Persistent link: https://www.econbiz.de/10005126094
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Willpower and Personal Rules
Bénabou, Roland; Tirole, Jean - C.E.P.R. Discussion Papers - 2002
This Paper studies the internal commitment mechanisms or ‘personal rules’ (diets, exercise regimens, resolutions, moral or religious precepts, etc.) through which people seek to achieve self-control. Our theory is based on the idea of self-reputation over one’s willpower, which potentially...
Persistent link: https://www.econbiz.de/10005136762
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Experimental evidence of the importance of gender pairing in bargaining
Sutter, Matthias; Bosman, Ronald; Kocher, Martin; … - Max-Planck-Institut für Ökonomik, Max-Planck-Gesellschaft - 2003
derived from evolutionary psychology and social role theory, we find that (1) gender per se has no significant effect on …
Persistent link: https://www.econbiz.de/10005588014