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About History of Behavioral Economics PDF
This document provides a history of the development of behavioral economics. It discusses how behavioral economics emerged against the backdrop of economics separating from psychology in the 19th century. It describes early critiques of expected utility theory that questioned its normative and empirical validity. It then explains how behavioral decision research developed as an experimental paradigm to further test expected utility theory, identifying two important findings. It outlines how "new" and "second-wave" behavioral economics incorporated insights from psychology while still using standard economic modeling techniques, contributing to the success of behavioral economics.
Detailed Information
| Author: | ['Antonio Garcês'] |
|---|---|
| Publication Year: | 2017 |
| Pages: | 17 |
| Language: | English |
| Format: | |
| Price: | FREE |
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