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Psychology, Rationality and Economic Behaviour: Challenging Standard Assumptions (International Economic Association Series)

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 | #15844048 in Books |  Bina Agarwal |  2005-10-14 |  2005-09-22 | Original language:English | PDF # 1 |  8.50 x.81 x5.50l,1.13 | File type: PDF | 270 pages

 | Psychology Rationality and Economic Behaviour Challenging Standard Assumptions International Economic Association Series

|| ||'...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 colla

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 a...

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