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| Title: | | (Non-) behavioral economics: a programmatic assessment  |
| Authors: | | Güth, Werner |
| Issue Date: | | 2007 |
| Series/Report no.: | | Jena economic research papers 2007,099 |
| Abstract: | | Economic theory has evolved without paying proper attention to behavioral approaches, especially to social, economic, and cognitive psychology. This has recently changed by including behavioral economics courses in many doctoral study programs. Although this new development is most welcome, the typical topics of the behavioral economics courses are not truly behavioral. More specifically, we question whether neoclassical repairs or game fitting exercises as well as more or less mechanic adaptation processes qualify as behavioral approaches. To avoid criticizing without offering alternatives, we suggest some truly behavioral concepts, especially the satisficing approach. |
| Subjects: | | (Un)Bounded rationality Satisficing Learning Experimental and Behavioral Economics |
| JEL: | | A11 B41 B52 C72 C91 |
| Document Type: | | Working Paper |
| Appears in Collections: | | Jena Economic Research Papers, MPI für Ökonomik
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