Philosophical problems of behavioral economics

by Heidl, Stefan

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Title Statements

Full title :Philosophical problems of behavioral economics / Stefan Heidl.

Summary

"The goal of behavioural economics is to improve the explanatory and predictive power of economics. This can be achieved by using theoretical and methodological resources of psychology. Its fundamental idea is that the relationship between psychology and economics cannot be subsumed under standard philosophical accounts of intertheoretical relations. Philosophical Problems of Behavioural Economics argues that behavioural economics is best understood as an attempt to deidealize economic theory guided by psychological research. Behavioural economics deconstructs the model of decision-making by adding different elements. Based on this understanding behavioural economics has a number of tasks: first, it has to identify which economic theory needs to be challenged; second it aims to identify factors which need to be modelled within economic theories of choice and modify the theory accordingly; and finally, it has to create models that explain economic phenomena based on the new theory. This book analyses the different stages of this deconstruction process and shows how the scientific disciplines of economics and psychology are connected by it."--

Edition Statements

Publication Date:©2016

Publication Statements

Publisher(s):Routledge
Place of Publication:London
Language:eng
Publication Date:©2016

The Physical Object

Description:1 online resource (ix, 164 pages)

Edition Identifiers

ISBN:9781315637372, 1315637375, 1138639192, 9781138639195, 9781317267836, 1317267834, 9781317267843, 1317267842, 9781317267829, 1317267826
DOI:10.4324/9781315637372
oclc:ocn952730384
LC Classification:HB74.P8
Dewey Decimal:330.019

1. Introduction -- 2. The ontological status of economic preferences -- 3. Selectionist arguments against a deidealisation of economics -- 4. Aggregation and the deidealisation of economic theory -- 5. Explanatory autonomy and intertheoretic relations -- 6. Localising anomalies of economic theory -- 7. The structure of behavioural economic theories -- 8. Models in economics: standard and behavioural -- 9. Conclusion.

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