Psychology, Rationality and Economic Behaviour [electronic resource] : Challenging Standard Assumptions /
International Economic Association.World Congress(13th :2002 :Lisbon, Portugal)
Agarwal, B.editor.
Vercelli, A.editor.
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.
Cover; Contents; The International Economic Association; Acknowledgements; List of Abbreviations and Acronyms; List of Contributors; 1 Introduction; 2 Self-Confidence and Personal Motivation; 3 Rationality, Learning and Complexity; 4 Altruism: Evolution and a Repercussion; 5 Human Reproduction and Utility Functions: An Evolutionary Approach; 6 Moral Hazard, Contracts and Social Preferences: A Survey; 7 Mutual Concern, Workplace Relationships and Pay Scales; 8 Expectations and the Effects of Money Illusion; 9 Utility-Based Altruism: Evidence from Experiments
10 Equity Judgements Elicited Through Experiments: An Econometric Examination11 Groups, Commons and Regulations: Experiments with Villagers and Students in Colombia
Revised versions of papers presented at the Thirteenth World Congress of the International Economic Association, held at the Centro Cultural de Belém in Lisbon, Portugal, Sept. 9-13, 2002.
Includes bibliographical references.
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.
Microeconomics.
Psychology, Experimental.
Economic theory.
Microeconomics.
Experimental Psychology.
Economic Theory/Quantitative Economics/Mathematical Methods.