Behavioral economics :: a history /
"In economics, the market has been understood to steer behavior towards a competitive equilibrium in which all economic actors behave optimally, and in which welfare of society is maximized. Yet many economists have also seen shortcomings to this ideal picture of the market in the form of limit...
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1. Verfasser: | |
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Cambridge :
Cambridge University Press,
2014.
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Schriftenreihe: | Historical perspectives on modern economics.
|
Schlagworte: | |
Online-Zugang: | Volltext |
Zusammenfassung: | "In economics, the market has been understood to steer behavior towards a competitive equilibrium in which all economic actors behave optimally, and in which welfare of society is maximized. Yet many economists have also seen shortcomings to this ideal picture of the market in the form of limited information, too few buyers or sellers, adverse selection, moral hazards, and other caveats. What psychologists Daniel Kahneman and Amos Tversky brought to economics in the 1980s, was the idea that imperfections in the market may in addition be caused by fallible human behavior. This resulted in a new branch of economics called behavioral economics and it won Kahneman the Nobel Memorial Prize in Economics in 2002 (Tversky had died in 1996). This book presents a history of behavioral economics. The common rationale of behavioral economics in the 1980s - 2000s was in one version or another that "Behavioral economics increases the explanatory power of economics by providing it with more realistic psychological foundations" (Camerer and Loewenstein, 2004, p.3). This definition conceals a complicated relationship between economics and psychology that goes back at least to the eighteenth century. In addition, it suggests that economics and psychology are stable, universal entities. But also the label of behavioral economics itself seems odd. If economics deals with the behavior of individuals in the economy, 'behavioral economics' seems a confusing pleonasm. If on the other hand one argues that economics by definition deals with structures and institutions superseding and independent of theories of human behavior, 'behavioral economics' seems oxymoronic. In any case, it calls for some explanation"-- |
Beschreibung: | 1 online resource (xii, 223 pages) : illustrations |
Bibliographie: | Includes bibliographical references (pages 201-220) and index. |
ISBN: | 9781139870962 1139870963 9781139600224 1139600222 9781139863117 1139863118 |
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245 | 1 | 0 | |a Behavioral economics : |b a history / |c Floris Heukelom, Radboud University, Nijmegen, Netherlands. |
264 | 1 | |a Cambridge : |b Cambridge University Press, |c 2014. | |
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520 | |a "In economics, the market has been understood to steer behavior towards a competitive equilibrium in which all economic actors behave optimally, and in which welfare of society is maximized. Yet many economists have also seen shortcomings to this ideal picture of the market in the form of limited information, too few buyers or sellers, adverse selection, moral hazards, and other caveats. What psychologists Daniel Kahneman and Amos Tversky brought to economics in the 1980s, was the idea that imperfections in the market may in addition be caused by fallible human behavior. This resulted in a new branch of economics called behavioral economics and it won Kahneman the Nobel Memorial Prize in Economics in 2002 (Tversky had died in 1996). This book presents a history of behavioral economics. The common rationale of behavioral economics in the 1980s - 2000s was in one version or another that "Behavioral economics increases the explanatory power of economics by providing it with more realistic psychological foundations" (Camerer and Loewenstein, 2004, p.3). This definition conceals a complicated relationship between economics and psychology that goes back at least to the eighteenth century. In addition, it suggests that economics and psychology are stable, universal entities. But also the label of behavioral economics itself seems odd. If economics deals with the behavior of individuals in the economy, 'behavioral economics' seems a confusing pleonasm. If on the other hand one argues that economics by definition deals with structures and institutions superseding and independent of theories of human behavior, 'behavioral economics' seems oxymoronic. In any case, it calls for some explanation"-- |c Provided by publisher | ||
504 | |a Includes bibliographical references (pages 201-220) and index. | ||
505 | 0 | |a Introduction -- Understanding human behavior -- The incorporation of von Neumann and Morgenstern's behavioral axioms in economics and psychology -- "Measurement theory in psychology is behavior theory" -- Kahneman and Tversky: heuristics, biases, and prospects for psychology and economics -- Incorporating psychological experiments in economics and the construction of behavioral economics -- Building and defining behavioral economics. | |
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Datensatz im Suchindex
DE-BY-FWS_katkey | ZDB-4-EBU-ocn871258173 |
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adam_text | |
any_adam_object | |
author | Heukelom, Floris, 1978- |
author_GND | http://id.loc.gov/authorities/names/n2013044215 |
author_facet | Heukelom, Floris, 1978- |
author_role | aut |
author_sort | Heukelom, Floris, 1978- |
author_variant | f h fh |
building | Verbundindex |
bvnumber | localFWS |
callnumber-first | H - Social Science |
callnumber-label | HB74 |
callnumber-raw | HB74.P8 H48 2014eb |
callnumber-search | HB74.P8 H48 2014eb |
callnumber-sort | HB 274 P8 H48 42014EB |
callnumber-subject | HB - Economic Theory and Demography |
collection | ZDB-4-EBU |
contents | Introduction -- Understanding human behavior -- The incorporation of von Neumann and Morgenstern's behavioral axioms in economics and psychology -- "Measurement theory in psychology is behavior theory" -- Kahneman and Tversky: heuristics, biases, and prospects for psychology and economics -- Incorporating psychological experiments in economics and the construction of behavioral economics -- Building and defining behavioral economics. |
ctrlnum | (OCoLC)871258173 |
dewey-full | 330.01/9 |
dewey-hundreds | 300 - Social sciences |
dewey-ones | 330 - Economics |
dewey-raw | 330.01/9 |
dewey-search | 330.01/9 |
dewey-sort | 3330.01 19 |
dewey-tens | 330 - Economics |
discipline | Wirtschaftswissenschaften |
format | Electronic eBook |
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genre | Electronic books. |
genre_facet | Electronic books. |
id | ZDB-4-EBU-ocn871258173 |
illustrated | Illustrated |
indexdate | 2024-11-26T14:49:13Z |
institution | BVB |
isbn | 9781139870962 1139870963 9781139600224 1139600222 9781139863117 1139863118 |
language | English |
oclc_num | 871258173 |
open_access_boolean | |
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physical | 1 online resource (xii, 223 pages) : illustrations |
psigel | ZDB-4-EBU |
publishDate | 2014 |
publishDateSearch | 2014 |
publishDateSort | 2014 |
publisher | Cambridge University Press, |
record_format | marc |
series | Historical perspectives on modern economics. |
series2 | Historical perspectives on modern economics |
spelling | Heukelom, Floris, 1978- author. https://id.oclc.org/worldcat/entity/E39PBJt43dCD4hMr8wXrWVwt8C http://id.loc.gov/authorities/names/n2013044215 Behavioral economics : a history / Floris Heukelom, Radboud University, Nijmegen, Netherlands. Cambridge : Cambridge University Press, 2014. 1 online resource (xii, 223 pages) : illustrations text txt rdacontent computer c rdamedia online resource cr rdacarrier Historical perspectives on modern economics "In economics, the market has been understood to steer behavior towards a competitive equilibrium in which all economic actors behave optimally, and in which welfare of society is maximized. Yet many economists have also seen shortcomings to this ideal picture of the market in the form of limited information, too few buyers or sellers, adverse selection, moral hazards, and other caveats. What psychologists Daniel Kahneman and Amos Tversky brought to economics in the 1980s, was the idea that imperfections in the market may in addition be caused by fallible human behavior. This resulted in a new branch of economics called behavioral economics and it won Kahneman the Nobel Memorial Prize in Economics in 2002 (Tversky had died in 1996). This book presents a history of behavioral economics. The common rationale of behavioral economics in the 1980s - 2000s was in one version or another that "Behavioral economics increases the explanatory power of economics by providing it with more realistic psychological foundations" (Camerer and Loewenstein, 2004, p.3). This definition conceals a complicated relationship between economics and psychology that goes back at least to the eighteenth century. In addition, it suggests that economics and psychology are stable, universal entities. But also the label of behavioral economics itself seems odd. If economics deals with the behavior of individuals in the economy, 'behavioral economics' seems a confusing pleonasm. If on the other hand one argues that economics by definition deals with structures and institutions superseding and independent of theories of human behavior, 'behavioral economics' seems oxymoronic. In any case, it calls for some explanation"-- Provided by publisher Includes bibliographical references (pages 201-220) and index. Introduction -- Understanding human behavior -- The incorporation of von Neumann and Morgenstern's behavioral axioms in economics and psychology -- "Measurement theory in psychology is behavior theory" -- Kahneman and Tversky: heuristics, biases, and prospects for psychology and economics -- Incorporating psychological experiments in economics and the construction of behavioral economics -- Building and defining behavioral economics. Print version record. Economics Psychological aspects. http://id.loc.gov/authorities/subjects/sh85040859 Économie politique Aspect psychologique. BUSINESS & ECONOMICS Economic History. bisacsh BUSINESS & ECONOMICS Economics General. bisacsh BUSINESS & ECONOMICS Reference. bisacsh Economics Psychological aspects fast Verhaltensökonomie gnd http://d-nb.info/gnd/7751254-6 Wirtschaftspsychologie gnd http://d-nb.info/gnd/4066506-9 Electronic books. Print version: Heukelom, Floris, 1978- Behavioral economics 9781107039346 (DLC) 2013027829 (OCoLC)853313624 Historical perspectives on modern economics. http://id.loc.gov/authorities/names/n84749564 FWS01 ZDB-4-EBU FWS_PDA_EBU https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=696283 Volltext |
spellingShingle | Heukelom, Floris, 1978- Behavioral economics : a history / Historical perspectives on modern economics. Introduction -- Understanding human behavior -- The incorporation of von Neumann and Morgenstern's behavioral axioms in economics and psychology -- "Measurement theory in psychology is behavior theory" -- Kahneman and Tversky: heuristics, biases, and prospects for psychology and economics -- Incorporating psychological experiments in economics and the construction of behavioral economics -- Building and defining behavioral economics. Economics Psychological aspects. http://id.loc.gov/authorities/subjects/sh85040859 Économie politique Aspect psychologique. BUSINESS & ECONOMICS Economic History. bisacsh BUSINESS & ECONOMICS Economics General. bisacsh BUSINESS & ECONOMICS Reference. bisacsh Economics Psychological aspects fast Verhaltensökonomie gnd http://d-nb.info/gnd/7751254-6 Wirtschaftspsychologie gnd http://d-nb.info/gnd/4066506-9 |
subject_GND | http://id.loc.gov/authorities/subjects/sh85040859 http://d-nb.info/gnd/7751254-6 http://d-nb.info/gnd/4066506-9 |
title | Behavioral economics : a history / |
title_auth | Behavioral economics : a history / |
title_exact_search | Behavioral economics : a history / |
title_full | Behavioral economics : a history / Floris Heukelom, Radboud University, Nijmegen, Netherlands. |
title_fullStr | Behavioral economics : a history / Floris Heukelom, Radboud University, Nijmegen, Netherlands. |
title_full_unstemmed | Behavioral economics : a history / Floris Heukelom, Radboud University, Nijmegen, Netherlands. |
title_short | Behavioral economics : |
title_sort | behavioral economics a history |
title_sub | a history / |
topic | Economics Psychological aspects. http://id.loc.gov/authorities/subjects/sh85040859 Économie politique Aspect psychologique. BUSINESS & ECONOMICS Economic History. bisacsh BUSINESS & ECONOMICS Economics General. bisacsh BUSINESS & ECONOMICS Reference. bisacsh Economics Psychological aspects fast Verhaltensökonomie gnd http://d-nb.info/gnd/7751254-6 Wirtschaftspsychologie gnd http://d-nb.info/gnd/4066506-9 |
topic_facet | Economics Psychological aspects. Économie politique Aspect psychologique. BUSINESS & ECONOMICS Economic History. BUSINESS & ECONOMICS Economics General. BUSINESS & ECONOMICS Reference. Economics Psychological aspects Verhaltensökonomie Wirtschaftspsychologie Electronic books. |
url | https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=696283 |
work_keys_str_mv | AT heukelomfloris behavioraleconomicsahistory |