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Behavioral Economics : A History / Floris Heukelom.

By: Material type: TextTextSeries: Historical Perspectives on Modern Economics | Historical Perspectives on Modern EconomicsPublisher: Cambridge : Cambridge University Press, 2014Description: 1 online resource (238 pages) : digital, PDF file(s)ISBN:
  • 9781139600224 (ebook)
Additional physical formats: Print version: : No titleDDC classification:
  • 330.01/9 23
LOC classification:
  • HB74.P8 H48 2014
Online resources: Summary: This book presents a history of behavioral economics. The recurring theme is that behavioral economics reflects and contributes to a fundamental reorientation of the epistemological foundations upon which economics had been based since the days of Smith, Ricardo, and Mill. With behavioral economics, the discipline has shifted from grounding its theories in generalized characterizations to building theories from behavioral assumptions directly amenable to empirical validation and refutation. The book proceeds chronologically and takes the reader from von Neumann and Morgenstern's axioms of rational behavior, through the incorporation of rational decision theory in psychology in the 1950s–70s, to the creation and rise of behavioral economics in the 1980s and 1990s at the Sloan and Russell Sage Foundations.
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Title from publisher's bibliographic system (viewed on 04 Apr 2016).

This book presents a history of behavioral economics. The recurring theme is that behavioral economics reflects and contributes to a fundamental reorientation of the epistemological foundations upon which economics had been based since the days of Smith, Ricardo, and Mill. With behavioral economics, the discipline has shifted from grounding its theories in generalized characterizations to building theories from behavioral assumptions directly amenable to empirical validation and refutation. The book proceeds chronologically and takes the reader from von Neumann and Morgenstern's axioms of rational behavior, through the incorporation of rational decision theory in psychology in the 1950s–70s, to the creation and rise of behavioral economics in the 1980s and 1990s at the Sloan and Russell Sage Foundations.

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