Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/217753 
Year of Publication: 
2017
Citation: 
[Journal:] European Journal of Government and Economics (EJGE) [ISSN:] 2254-7088 [Volume:] 6 [Issue:] 1 [Publisher:] Universidade da Coruña [Place:] A Coruña [Year:] 2017 [Pages:] 24-58
Publisher: 
Universidade da Coruña, A Coruña
Abstract: 
This paper overviews the theoretical and empirical research on behavioral biases and their influence in the literature. To provide a systematic exposition, we present a unified framework that takes the reader through an original taxonomy, based on the reviews of relevant authors in the field. In particular, we establish three broad categories that may be distinguished: heuristics and biases; choices, values and frames; and social factors. We then describe the main biases within each category, and revise the main theoretical and empirical developments, linking each bias with other biases and anomalies that are related to them, according to the literature.
Subjects: 
Behavioral biases
decision-making
heuristics
framing
prospect theory
social contagion
Persistent Identifier of the first edition: 
Creative Commons License: 
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Document Type: 
Article

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