The Sidney Siegel Tradition
The Divergence of Behavioral and Experimental Economics at the End of the 1980s
Bibliographic Data
| ID | 5124409 |
|---|---|
| Authors | Andrej Svorenčík (0000-0002-5716-946X, corresponding author) |
| Year | 2016 |
| Volume | 48 |
| Issue | suppl_1 |
| Pages | 270-294 |
| Publication date | 2016-12-01 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | History of Political Economy (JOURNAL) |
| Journal identifiers | ISSN: 0018-2702 • E-ISSN: 1527-1919 |
| Publisher | Duke University Press (PUBLISHER • US) |
| DOI | 10.1215/00182702-3619310 |
| OpenAlex | W3125329396 |
| Language | EN |
| Citations received | 6 |
| References cited | 33 |
Over two days in February 1988, several key experimental economists and cognitive psychologists met to explore the possibilities of joint research promoted by the Sloan and Russell Sage Foundations under the rubric behavioral economics. The original vision that the meeting could open a line of inquiry on the growing body of behavioral "anomalies" and their robustness in a market setting proved naive. The divide between both camps was too big to bridge given the fundamentally different approaches to experimentation. The article traces how the work of Sidney Siegel, a psychologist briefly active in the 1950s, was recast by experimental economists as the basis of their experimental research, including the emphasis on performance-based payments of experimental subjects and avoiding deception. My reconstruction of this meeting and its aftermath sheds new light on the origin of the divergence of experimental and behavioral economics at the end of the 1980s
Behavioral economics · Deception · Divergence (linguistics · Economics · Experimental economics · Mathematics education · Microeconomics · Positive economics · Robustness (evolution · Rubric · Sociology · Decision-Making and Behavioral Economics · Experimental Behavioral Economics Studies · Financial Markets and Investment Strategies · Philosophy · Psychology · Social Psychology
Forty years of behavioral economics
Towards a history of behavioural and experimental economics in France
Intrinsic motivation in economics
The Driving Forces Behind the Rise of Experimental Economics
La mobilité disciplinaire des chercheurs au cœur de l’économie comportementale
Misinformation in Experimental Political Science
Bargaining and group decision making
Rational Choice
The Methodology of Experimental Economics
Willingness to Pay and Compensation Demanded
Experimental practices in economics
Fairness and the Assumptions of Economics
Toward a statistical theory of learning.
The Willingness to Pay–Willingness to Accept Gap, the “Endowment Effect,” Subject Misconceptions, and Experimental Procedures for Eliciting Valuations
Bayes Rule as a Descriptive Model
Advances in behavioral economics
Experimental Tests of the Endowment Effect and the Coase Theorem
Misconceptions and Game Form Recognition
An Experimental Measurement of Utility
Rational Choice
An Experimental Study of Competitive Market Behavior
Studies in Mathematical Economics and Econometrics. In Memory of Henry Schultz
A Sense of Mission
Theory, Experiment and Economics
Measurement and decision making at the University of Michigan in the 1950s and 1960s
Game Theory and Experimental Economics
Behavioral Economics
What to Conclude from Psychological Experiments
Toward a History of Game Theory
| Unique citing works | 6 |
|---|---|
| Citations per year | 0,6 |
| Citation span | 2016 - 2025 (10) |
| Citation velocity | recent |
| Highly cited | No |
| Citation types | Neutral: 6 |