Behavioral Economics: Past, Present, Future
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@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
