Behavioral Economics: How Psychology Made Its (Limited) Way Back Into Economics

2004/11/01 by E.-M. Sent · 7 citations
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paper · pdf · doi:10.1215/00182702-36-4-735

openalex publication_date 2004/11/01 · openalex created_date 2016/06/24 · openalex updated_date 2026/07/15

Abstract

Behavioral economics and its focus on the interrelations between eco nomics and psychology is attracting increasing attention and recogni tion. In 1998, the Journal of Economic Literature published an article offering an overview of the connections between economics and psy chology (Rabin 1998). In defense of his focus on the relevance of psy chological findings for economics, the author noted: "Because psychol ogy systematically explores human judgment, behavior, and well-being, it can teach us important facts about how humans differ from the way they are traditionally described by economists" (11).

Citations

• Information, trade and common knowledge
• Maps of Bounded Rationality: Psychology for Behavioral Economics
• Expectations and the neutrality of money
• Agreeing to Disagree
• A BEHAVIORAL MODEL OF RATIONAL CHOICE
• SPECIALISATION AND THE EXISTENCE PROBLEM IN GENERAL EQUILIBRIUM THEORY*
• Judgment under Uncertainty: Heuristics and Biases

Cited by

• The Sonnenschein-Mantel-Debreu Results after Thirty Years
• The Rise of Behavioral Economics: A Quantitative Assessment
• Richard H. Thaler: A Nobel Prize for Behavioural Economics
• On some antecedents of behavioural economics
• Behaviorism and Control in the History of Economics and Psychology
• The turn in recent economics and return of orthodoxy
• Behavioral economics [wikipedia]