1,720,981 research outputs found
Floris Heukelom, Behavioral Economics. A History
No full textBehavioral Economics (BE) is everywhere these days. See for example the World Development Report 2015 (World Bank Group 2014) that takes an unabashedly partisan BE perspective to reflect on mind, society, and behavior; or see the “Behavioral Insights teams” or “nudge units”, often located near the pinnacle of power, that have popped up all over the world. Google them. As characterized by Camerer and Loewenstein, “[b]ehavioral economics increases the explanatory power of economics by providing..
Gigerenzer the Decided: A Tale of Difficult Distinctions
No full textThis paper provides an overview of the work of Gigerenzer, thereby focusing on his criticisms of the Heuristics and Biases theory of Kahneman and Tversky. It is proposed that Gigerenzer's work can be both thematically and chronologically organized as: historical research on statistics => criticism on Kahneman and Tversky => the bounded rationality research program. That is, Gigerenzer' attacks on the Heuristics and Biases program derive from his historical work on Brunswik and Thurstone. In turn, these attacks functioned as the driving force behind the development of the bounded rationality research program. Behind the debate, it is argued, lies a fundamental different idea of how human decision-making is to be understood and investigated.Gigerenzer; Kahneman and Tversky; Cognitive Psychology; Bounded rationality; decision-making
A Sense of Mission: The Alfred P. Sloan and Russell Sage Foundations’ Behavioral Economics Program, 1984-1992
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Incorporating Psychological Experiments in Economics and the Construction of Behavioral Economics
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