| Psychology, Rationality and Economic Behaviour: Challenging Standard Assumptions 2005 Edition Contributor(s): Agarwal, B. (Editor), Vercelli, A. (Editor) |
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ISBN: 1403942536 ISBN-13: 9781403942531 Publisher: Palgrave MacMillan OUR PRICE: $104.49 Product Type: Hardcover - Other Formats Published: August 2005 Annotation: Economics has paid little attention to the psychology of economic behavior, leading to somewhat simplistic assumptions about human nature. The psychological aspects have typically been reduced to assumptions of standard utility theory, based on a narrow conception of rationality, often called "substantive rationality." However, recent work, some theoretic, some based on experimental economics or an empirical analysis of existing data, challenges these assumptions and forefronts the psychological dimensions of economic decisions. The essays in this volume provide a glimpse of this exciting and newly emerging field. |
| Additional Information |
| BISAC Categories: - Business & Economics | Economics - Theory - Business & Economics | Economics - Microeconomics - Psychology | Experimental Psychology |
| Dewey: 330.019 |
| LCCN: 2005043139 |
| Series: International Economic Association Conference Volumes |
| Physical Information: 0.81" H x 5.5" W x 8.5" (1.13 lbs) 270 pages |
| Descriptions, Reviews, Etc. |
| Publisher Description: Economics has paid little attention to the psychology of economic behaviour, leading to somewhat simplistic assumptions about human nature. The psychological aspects have typically been reduced to standard utility theory, based on a narrow conception of rationality and self-interest maximization. The contributions in this volume, some focused on analytical models and methodology, others on laboratory and field experiments, challenge these assumptions, and provide novel and complex understandings of human motivation and economic decision-making. With a pioneering introduction by the book's two editors, this volume brings together exciting contributions to a field that is rapidly growing in influence and reach. |