Affiliation:
1. Department of Political Science, Rice University, Houston, Texas 77251-1892;
Abstract
Behavioral economics has become an important part of the economics profession. As a subfield, it tries to make sense of persistent violations of the standard model for economics. The major classes of violations involve social preferences (taking the well-being of others into account), time discounting (inconsistencies in valuing present and future commodities), and context (the effects of framing). Other violations involve well-known psychological heuristics such as overconfidence, constraints on strategic reasoning, emotions, and status differentials. These concepts are discussed in separate sections, and key experimental and empirical studies are noted.
Subject
Sociology and Political Science
Cited by
62 articles.
订阅此论文施引文献
订阅此论文施引文献,注册后可以免费订阅5篇论文的施引文献,订阅后可以查看论文全部施引文献