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Behavioral Economics: Past, Present, Future

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by Colin F. Camerer , George Loewenstein
Citations:109 - 3 self
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BibTeX

@MISC{Camerer_behavioraleconomics:,
    author = {Colin F. Camerer and George Loewenstein},
    title = { Behavioral Economics: Past, Present, Future},
    year = {}
}

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Abstract

Behavioral economics increases the explanatory power of economics by providing it with more realistic psychological foundations. This book consists of representative recent articles in behavioral economics. This chapter is intended to provide an introduction to the approach and methods of behavioral economics, and to some of its major findings, applications, and promising new directions. It also seeks to fill some unavoidable gaps in the chapters’ coverage of topics.

Keyphrases

behavioral economics    neoclassical approach    behavioral economics try    explanatory power    unavoidable gap    economic analysis    realistic psychological foundation    major finding    new direction    seminal article    field phenomenon    utility maximization    chapter coverage    psychological underpinnings    representative recent article    theoretical framework    theoretical insight    wholesale rejection   

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