Adam Smith, Behavioral Economist
Bibliographic Data
| ID | 4029984 |
|---|---|
| Authors | Nava Ashraf (Negotiation, Organizations and Markets Group at Harvard Business School, Cambridge, Massachusetts.), Colin F Camerer (0000-0003-4049-1871, California Institute of Technology), G Loewenstein (0000-0003-2790-0474, Carnegie Mellon University) |
| Year | 2005 |
| Volume | 19 |
| Issue | 3 |
| Pages | 131-145 |
| Publication date | 2005-08-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | The Journal of Economic Perspectives (JOURNAL) |
| Journal identifiers | ISSN: 0895-3309 • E-ISSN: 1944-7965 |
| Publisher | American Economic Association (PUBLISHER • US) |
| DOI | 10.1257/089533005774357897 |
| OpenAlex | W2119468266 |
| Language | EN |
| Citations received | 56 |
| References cited | 50 |
Adam Smith's psychological perspective in The Theory of Moral Sentiments is remarkably similar to "dual-process" frameworks advanced by psychologists, neuroscientists, and more recently by behavioral economists, based on behavioral data and detailed observations of brain functioning. It also anticipates a wide range of insights regarding phenomena such as loss aversion, willpower, and fairness that have been the focus of modern behavioral economics. This essay draws attention to some of these connections
Adam smith · Behavioral economics · Economics · Epistemology · Loss aversion · Microeconomics · Neoclassical economics · Positive economics · Sociology · Computer Science · Decision-Making and Behavioral Economics · Experimental Behavioral Economics Studies · Philosophy · Psychological Well-being and Life Satisfaction · Psychology
Christian ethics and political economy
Germany versus China
Rational After All
Sociability and the Market
Adam Smith and the Study of Ethics in a Commercial Society
Organizational Myopia
Behavioral Economics, History of
“Small Miracles”—Behavioral Insights to Improve Development Policy
Mindful Judgment and Decision Making
Behavioral Economics
Behavioral Ethics in Organizations
Behavioral Economics and Public Policy
Connecting the dots in social entrepreneurship through the capabilities approach
Marginal contribution, reciprocity and equity in segregated groups
Mauss'sThe Gift, or the necessity of an institutional perspective in economics
Rational populists
The Curious Case of the Three Adam Smiths
Cultural Diffusion and Happiness
Does Friendship Stem From Altruism? Adam Smith and the Distinction Between Love-Based and Interest-Based Preferences
Exploring mechanisms underlying intertemporal choices
John Stuart Mill’s robust egalitarianism
Frank Knight and behavioral economics
We should nudge clinicians and trainees to participate in health professions education programmes
Phèdre et la Théorie des sentiments moraux d’Adam Smith. Quelles heuristiques pour une économie morale des comportements
Causal versus Consequential Motives in Mental Models of Agent Social and Economic Action
Revitalizing the American Republic by reinvigorating voluntary association
On nudges that fail
Reciprocity in Smith
What Mainstream Economics Should Learn From the Ethics of Care
Activating agency through the Alliance Approach
New frontiers of forest economics
Scottish enlightenment historical epistemology and modern challenges for economic thought
First steps into the metaphoric wilderness of macroeconomics
On the use and potential of behavioural economics from the perspective of transport and climate change
Experimental Evidence on the Impact of Biodiversity Conservation Videos on Charitable Donations
Suffering a Loss Is Good Fortune
Trustworthiness as a Moral Determinant of Economic Activity
Failures of the “Invisible Hand”
Stated social behavior and revealed actions
Knowledge, Communication and the Scottish Enlightenment
Increasing participation in pro-poor tourism
Vertus et justice du marché chez Adam Smith
Nudging, Shoving, and Budging
Nudging citizens co-production
The case of ‘payment-by-results’
The willingness to pay–willingness to accept gap revisited
The Rise of Behavioral Economics
Do Online Illicit Drug Market Exchanges Afford Rationality
Can behavioral economists improve economic rationality
Adam Smith on Instincts, Affection, and Informal Learning
Fairness and its Price
Self-Interest, prosociality, and the moral cognition of markets
Recent Engagements with Adam Smith and the Scottish Enlightenment
What Do Laboratory Experiments Measuring Social Preferences Reveal About the Real World
L'économie du comportement et la théorie du care . Les enjeux d'une filiation
Reference-Dependence and Marginal Utility
Economics as a Moral Science
The Social Psychology of Procedural Justice
The Hubris Hypothesis of Corporate Takeovers
Overconfidence and Excess Entry
Addiction and Cue-Triggered Decision Processes
Altruism in Anonymous Dictator Games
Projection Bias in Predicting Future Utility
Separate Neural Systems Value Immediate and Delayed Monetary Rewards
Doing It Now or Later
Labor Supply of New York City Cabdrivers
Helping a Victim or Helping the Victim
The sound of silence in prisoner's dilemma and dictator games
Golden Eggs and Hyperbolic Discounting
Loss Aversion and Seller Behavior
A hot/cool-system analysis of delay of gratification
Prospect Theory
Toward a positive theory of consumer choice
Trust, Reciprocity, and Social History
Maps of Bounded Rationality
The Two Faces of Adam Smith
Adam Smith’s Invisible Hands
Incorporating Fairness into Game Theory and Economics
The Glasgow Edition of the Works and Correspondence of Adam Smith, Vol. 5
Confidence-Enhanced Performance
Adam Smith and the Economic Man
Experimental Tests of the Endowment Effect and the Coase Theorem
An Economic Theory of Self-Control
Adam Smith, Consumer Tastes, and Economic Growth
Cognitive-experiential self-theory and subjective probability
Lottery winners and accident victims
Self-Command in Adam Smith's Theory of Moral Sentiments
Does Social Capital Have an Economic Payoff? A Cross-Country Investigation
A proximate perspective on reciprocal altruism
Retrospectives
The empirical case for two systems of reasoning
Positive illusions and well-being revisited
The Hyperbolic Consumption Model
Retrospectives
Anomalies
Fairness and Retaliation
Anomalies
An Anchoring and Adjustment Model of Spousal Predictions
Will Money Increase Subjective Well-Being
| Unique citing works | 56 |
|---|---|
| Citations per year | 2,8 |
| Citation span | 2006 - 2026 (21) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 52 |