- A-Z
- Jena Economic Resea...
- Volume 1
- (Non-) Behavioral E...
- Autor(in)
- Erschienen
- 4. Dezember 2007
- Nummer des Discussion-Papers
-
2007-099
- Schlagwort(e)
-
(Un)Bounded rationality
Experimental and Behavioral Economics
Learning
Satisficing
- Zusammenfsg.
-
Economic theory has evolved without paying proper attention to behavioral approaches, especially to social, economic, and cognitive psychology. This has recently changed by including behavioral economics courses in many doctoral study programs. Although this new development is most welcome, the typical topics of the behavioral economics courses are not truly behavioral. More specifically, we question whether neoclassical repairs or game fitting exercises as well as more or less mechanic adaptation processes qualify as behavioral approaches. To avoid criticizing without offering alternatives, we suggest some truly behavioral concepts, especially the satisficing approach.
- article pub. typess JER
- Research article
- article languages JER
- Englisch
- article research fields JER
- economics
- JEL-Classification for JER
- A11 - Role of Economics; Role of Economists; Market for Economists ; B41 - Economic Methodology ; B52 - Institutional; Evolutionary ; C72 - Noncooperative Games ; C91 - Laboratory, Individual Behavior