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Large effects of small cues : priming selfish economic decisions
Snir, Avichai; Levy, Dudi; Wang, Dian; Chen, Haipeng; … - 2024 - Revised: April 21, 2024
Many experimental studies report that economics students tend to act more selfishly than students of other disciplines, a finding that received widespread public and professional attention. Two main explanations that the existing literature offers for the differences found in the behavior...
Persistent link: https://www.econbiz.de/10014531967
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Forty Years of Behavioral Economics
Truc, Alexandre - 2021
The present article offers the first quantitative history of behavioral economics (BE) from the 1970s to the 2010s. We document the foundation of the field by Kahneman and Tversky in the 1980s and 1990s; the separation of experimental economics and BE in the 1990s; the decreasing importance of...
Persistent link: https://www.econbiz.de/10013242051
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Rational After All : Toward an Improved Theory of Rationality in Economics
Foka-Kavalieraki, Yulie; Hatzis, Aristides N. - 2011
rationality or if they constitute rational responses to the scarcity of information, time and energy. In our discussion we will … important related policy question: when rationality seems to fail, does this necessarily imply that agents should be …
Persistent link: https://www.econbiz.de/10014190167
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(Dis)Embodied Rationality and ‘Choice Posture’ : Addressing Behavioral Science's Mind-Body Problem
Schmidt, Ruth; Stenger, Katelyn - 2022
notions of rationality versus irrationality in a more subjective form—as “or-rationality”—which better reflects the set of … behavioral science, and “re-embody rationality” in the interest of addressing the field’s mind-body problem …
Persistent link: https://www.econbiz.de/10014078990
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Evolutionary economics and household behavior
Horioka, Charles - 2014
neoclassical assumption of selfish utility maximization with bounded rationality and satisficing and by incorporating the reaction …
Persistent link: https://www.econbiz.de/10010390070
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Behavioral Law and Economics
Jolls, Christine - 2009
economic assumption of unbounded rationality …
Persistent link: https://www.econbiz.de/10014053240
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Anchoring in economics : on Frey and Gallus on the aggregation of behavioural anomalies
Earl, Peter E. - 2014
This paper examines the research area identified by Frey and Gallus (Aggregate Effects of Behavioral Anomalies: A New Research Area, 2014) and the relationship between it and the choices that economists make. It supports the Frey and Gallus view that, as a consequence of individuals employing...
Persistent link: https://www.econbiz.de/10010407517
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Anchoring in economics : on Frey and Gallus on the aggregation of behavioural anomalies
Earl, Peter E. - 2015
This paper examines the research area identified by Frey and Gallus (Aggregate Effects of Behavioral Anomalies: A New Research Area, 2014) and the relationship between it and the choices that economists make. It supports the Frey and Gallus view that, as a consequence of individuals employing...
Persistent link: https://www.econbiz.de/10011296321
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Beyond quantified ignorance : rebuilding rationality without the bias bias
Brighton, Henry - 2019
If we reassess the rationality question under the assumption that the uncertainty of the natural world is largely … theory of ecological rationality. The main casualty of this rebuilding process is optimality. Once we view optimality as a … formal implication of quantified uncertainty rather than an ecologically meaningful objective, the rationality question …
Persistent link: https://www.econbiz.de/10011990913
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Homo oeconomicus and behavioral economics
Brzezicka, Justyna; Wisniewski, Radosław - In: Contemporary economics 8 (2014) 4, pp. 353-364
Recent years have witnessed a growing interest in behavioral trends in both economic theory and practical applications. As a science with vast potential for explaining complex market behaviors, behavioral economics is drifting away from the classical model of homo oeconomicus deployed by...
Persistent link: https://www.econbiz.de/10010520903