num_pages: 286
description: The integration of economics and psychology has created a vibrant and fruitfulemerging field of study. The essays in Economics and Psychology take a broad view of the interfacebetween these two disciplines, going beyond the usual focus on "behavioral economics." As documentedin this volume, the influence of psychology on economics has been responsible for a view of humanbehavior that calls into question the assumption of complete rationality (and raises the possibilityof altruistic acts), the acceptance of experiments as a valid method of economic research, and theidea that utility or well-being can be measured.The contributors, all leading researchers in thefield, offer state-of-the-art discussions of such topics as pro-social behavior and the role ofconditional cooperation and trust, happiness research as an empirical tool, the potential ofneuroeconomics as a way to deepen understanding of individual decision making, and proceduralutility as a concept that captures the well-being people derive directly from the processes andconditions leading to outcomes. Taken together, the essays in Economics and Psychology offer anassessment of where this new interdisciplinary field stands and what directions are most promisingfor future research, providing a useful guide for economists, psychologists, and socialscientists.
language: English
title: Economics and Psychology: A Promising New Cross-Disciplinary Field
titlecomplete: Economics and Psychology: A Promising New Cross-Disciplinary Field (Cesifo Seminar)
genres: Economics, Psychology
ratings_count: 10
publisher: Mit Pr