Psychology, rationality and economic behaviour : challenging standard assumptions

Bibliographic Information

Psychology, rationality and economic behaviour : challenging standard assumptions

edited by Bina Agarwal and Alessandro Vercelli

(International Economic Association conference volume, no. 142)

Palgrave Macmillan, 2005

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Note

Revised versions of papers presented at the Thirteenth World Congress of the International Economic Association, held in Lisbon in September 2002

Includes bibliographical references

Description and Table of Contents

Description

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.

Table of Contents

  • Introduction
  • B.Agarwal & A.Vercelli PART 1: ANALYTICAL MODELS AND METHODOLOGICAL ISSUES Self-Confidence and Personal Motivation
  • R.Benabou & J.Tirole Rationality, Learning and Complexity
  • A.Vercelli Altruism: Evolution and a Repercussion
  • O.Stark, Y.Q.Wang & Y.Wang Human Reproduction and Utility Functions: An Evolutionary Approach
  • A.Vasin Moral Hazard, Contracts and Social Preferences: A Survey
  • F.Englmaier Mutual Concern, Workplace Relationships and Pay Scales
  • O.Chillemi PART 2: LABORATORY AND FIELD EXPERIMENTS Expectations and the Effects of Money Illusion
  • E.Fehr & J-R.Tyran Utility-Based Altruism: Evidence from Experiments
  • F.Bolle & A.Kritikos Equity Judgements Elicited through Experiments: An Econometric Examination
  • J.Jungeilges & T.Theisen Groups, Commons and Regulations: Experiments with Villagers and Students in Columbia
  • J-C.Cardenas

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