The Psychology of Economic Decisions: Volume I: Rationality and Well-Being (The Psychology of Economic Decisions, Volume 1) - Couverture souple

Couverture souple

ISBN 10 : 0199251088 ISBN 13 : 9780199251087

Editeur : Oxford University Press, USA, 2003

Synopsis

Psychologists and economists often ask similar questions about human behaviour. This volume brings together contributions from leaders in both disciplines. The editorial introduction discusses methodological differences between the two which have until now limited the development of mutually beneficial lines of research. Psychologists have objected to what they see as an excessive formalism in economic modelling and an unrealistic degree of sophistication in the behaviour of individuals, while economists criticize the absence of a general psychological framework into which most results can be fitted and the lack of welfare implications in their theories. The editors encourage scholars to exploit the strengths of each discipline - the ability of psychologists to understand the feelings and motivation of individuals; and the experience of economists to develop normative frameworks. The editors then highlight the links between the contributions by grouping them according to central themes in the study of rationality and well-being: he causes and consequences of 'irrational behaviour'; he role of anticipatory feelings and imperfect self-knowledge on decision-making; the way in which memory of past events and cost of thinking affect current decisions; the interaction between anticipated and remembered utility and its effects on the welfare of individuals; and experimental practice on how to perform controlled experiments to test hypotheses. This exciting volume provides an excellent point of entry for anyone interested in the interface between economics and psychology.

A propos du livre

Biographie de l'auteur :

Isabelle Brocas is at the Department of Economics, Columbia University. She is also a research affiliate at CEPR, and co-editor of the Annals of the Marie Curie Fellows Association. Juan D. Carrillo is Associate Professor at Columbia University Graduate School of Business. He is also a research affiliate at CEPR, and Associate Editor of the Spanish Economic Review.

Revue de presse :

A fascinating and timely book. (Journal of economic Behaviour and Organization)

À propos de cette édition

• Éditeur: Oxford University Press, USA
• Date d'édition: 2003
• ISBN 10: 0199251088
• ISBN 13: 9780199251087
• Reliure: Broché
• Nombre de pages: 356