Advancing Beyond Advances in Behavioral Economics

2006/08/01 by Drew Fudenberg · 3 citations
Social Sciences · Decision Sciences · Economics, Econometrics and Finance · #Experimental Behavioral Economics Studies #Decision-Making and Behavioral Economics #Economic theories and models

paper · doi:10.1257/jel.44.3.694

openalex publication_date 2006/08/01 · openalex created_date 2016/06/24 · openalex updated_date 2026/07/02

Abstract

This essay discusses the field of behavioral economics, with a focus on the papers in Advances in Behavioral Economics. These papers show that there is a body of “behavioral facts” that is both economically significant and regular enough to be modeled. For the field to advance further, it should devote more attention to the foundations of its models, and develop unified explanations for a wider range of phenomena.

Citations

• Paying Not to Go to the Gym
• Psychology and Economics: Evidence from the Field
• Reward representations and reward-related learning in the human brain: insights from neuroimaging
• A Dual-Self Model of Impulse Control
• Myopia and Inconsistency in Dynamic Utility Maximization
• Judgment under Uncertainty: Heuristics and Biases

Cited by

• The Market for News
• Animal spirits in financial economics: A review of deviations from economic rationality
• Behavioral economics [wikipedia]
• Game theory [wikipedia]