Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/176720 
Authors: 
Year of Publication: 
2018
Series/Report no.: 
CHOPE Working Paper No. 2018-01
Publisher: 
Duke University, Center for the History of Political Economy (CHOPE), Durham, NC
Abstract: 
This paper conducts a systematic comparison of behavioral economics's challenges to the standard accounts of economic behaviors within three dimensions: under risk, over time and regarding other people. A new perspective on two underlying methodological issues, i.e., interdisciplinarity and the positive/normative distinction, is proposed by following the entanglement thesis of Hilary Putnam, Vivian Walsh and Amartya Sen. This thesis holds that facts, values and conventions have interdependent meanings in science which can be understood by scrutinizing formal and ordinary language uses. The goal is to provide a broad and self-contained picture of how behavioral economics is changing the mainstream of economics.
Subjects: 
behavioral economics
economic rationality
expected utility
prospect theory
exponential discounting
hyperbolic discounting
self-interest
other-regarding behaviors
economic methodology
history of economics
philosophy of economics
economics and language
JEL: 
A12
B21
B41
D01
D03
D81
D90
D64
Document Type: 
Working Paper

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