Economics has paid little attention to the psychology of economic behaviour, leading to somewhat simplistic assumptions about human nature. The psychological aspects have typically been reduced to standard utility theory, based on a narrow conception of rationality and self-interest maximization. The contributions in this volume, some focused on analytical models and methodology, others on laboratory and field experiments, challenge these assumptions, and provide novel and complex understandings of human motivation and economic decision-making. With a pioneering introduction by the book’s two editors, this volume brings together exciting contributions to a field that is rapidly growing in influence and reach.
‘…all papers in both parts of this volume are of high quality and extend the frontiers of both behavioural and experimental economics. The applications span across the gamut of fields in economics and the editors of this volume should be commended for collating and integrating these nuggets into a volume that makes for stimulating reading and an excellent introduction to the field.’ – Shreekant Gupta, Indian Economic Review
‘Overall, this volume is noteworthy for the breadth of topics covered and psychological constructs incorporated into economic models. Several of the studies contribute to the growing literature in experimental economics.’ – Roxane Gudeman, Feminist Economics
- Author(s): Bina Agarwal, Alessandro Vercelli
- Series: International Economic Association Conference Volumes
- Number of pages: 270 pages
- ISBN-10 : 1403942536
- ISBN-13 : 978-1403942531
- Publisher : Palgrave Macmillan (August 3, 2005)
- Language: : English
- See more: The Causes of the 1929 Stock Market Crash: A Speculative Orgy or a New Era?