Behavioural Economics and its Applications

Proceedings of the Yrjo Jahnsson Foundation 50th Anniversary Conference held on June 22–23, 2004 in Espoo, Finland. Behavioural economics is here to stay, but it is not easy to come up with a definition of exactly what it is. The range of work within economics that might reasonably be called behavioural is very wide. At one end of the spectrum, there are conservative experimenters who defend traditional economic theory by looking at situations in which it predicts fairly well. At the other end of the spectrum, there are radical experimenters who seek to show that traditional economic theory does not work at all by looking at situations in which its predictions fail. The dichotomy is captured in a joke that circulated when a Nobel Prize was awarded for experimental economics in 2002. Vernon Smith was said to have won his share of the prize for showing that economic theory works and Danny Kahneman for showing that it does not

Broad spectrum · Economics · Foundation (evidence · Joke · Mathematical economics · Neoclassical economics · Political science · Positive economics · Sociology · Work (physics · Economic theories and models · Economic Theory and Institutions · Engineering · Experimental Behavioral Economics Studies · Game Theory and Applications · Law · Philosophy

• Self‐Fulfilling Mistakes

  Open Access•Patricio S Dalton, Sayantan Ghosal•The Economic Journal•2018

  Añadir item

• Foundations of Human Sociality

  J Henrich, Robert Boyd et al.•Foundations of Human Sociality•2004

  Añadir item

• The Willingness to Pay–Willingness to Accept Gap, the “Endowment Effect,” Subject Misconceptions, and Experimental Procedures for Eliciting Valuations

  Charles R Plott, Kathryn Zeiler•American Economic Review•2005

  Añadir item

• A Mathematical Theory of Saving

  Frank Plumpton Ramsey•The Economic Journal•1928

  Añadir item