Behavioral economics: Reunifying psychology and economics

Colin F. Camerer

348 citations0/0 files storedProceedings of the National Academy of Sciences

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Decision-Making and Behavioral Economics Economic Theory and Institutions Experimental Behavioral Economics Studies

Abstract

"Behavioral economics" improves the realism of the psychological assumptions underlying economic theory, promising to reunify psychology and economics in the process. Reunification should lead to better predictions about economic behavior and better policy prescriptions.

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References

1975Judgment under Uncertainty: Heuristics and Biases 1992Advances in prospect theory: Cumulative representation of uncertainty 1982Judgment under Uncertainty 1997Golden Eggs and Hyperbolic Discounting 1984Judgment Under Uncertainty: Heuristics and Biases.1999Doing It Now or Later 2000Choices, Values, and Frames 1992Anomalies in Intertemporal Choice: Evidence and an Interpretation

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2008Toward a Theory of Behavioral Operations 2003Cooperation, psychological game theory, and limitations of rationality in social interaction 2008Social coordination dynamics: Measuring human bonding 2015Like ripples on a pond: Behavioral spillovers and their implications for research and policy 2010As-If Behavioral Economics: Neoclassical Economics in Disguise?2006Modeling the Psychology of Consumer and Firm Behavior with Behavioral Economics

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