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SSRN Electronic Journal
Article . 2007 . Peer-reviewed
Data sources: Crossref
Zeitschrift für Psychologie / Journal of Psychology
Article . 2008 . Peer-reviewed
Data sources: Crossref
EconStor
Research . 2007
Data sources: EconStor
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(Non-) Behavioral Economics - A Programmatic Assessment

A Programmatic Assessment
Authors: Werner Güth;

(Non-) Behavioral Economics - A Programmatic Assessment

Abstract

Economic theory has evolved without paying proper attention to behavioral approaches, especially to social, economic, and cognitive psychology. This has recently been addressed 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 like aversion theories and simple adaptive (learning or evolutionary) dynamics are not truly behavioral. More specifically, we question whether neoclassical repairs or game-fitting exercises as well as more or less mechanical adaptation processes qualify as behavioral approaches. To avoid criticizing without offering alternatives, we suggest some truly behavioral concepts, especially the satisficing approach.

Keywords

Experimental and Behavioral Economics, Test, (Un)Bounded rationality, Satisficing, Learning, Experimental and Behavioral Economics, ddc:330, (Un)Bounded rationality, C72, B41, B52, Verhaltensökonomik, C91, Satisficing, Learning, Beschränkte Rationalität, A11, Lernprozess, jel: jel:C91, jel: jel:A11, jel: jel:C72, jel: jel:B41, jel: jel:B52

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    This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
    10
    popularity
    This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
    Average
    influence
    This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
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    impulse
    This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
10
Average
Top 10%
Average
bronze