A Perspective on Psychology and Economics
Matthew Rabin (University of California, Berkeley)
Abstract: This essay provides a perspective on the trend towards
integrating psychology into economics. Some topics are discussed,
and arguments are provided for why movement towards greater
psychological realism in economics will improve mainstream
economics.
Keywords: behavioral economics, psychology,
Downloads:
http://netec.wustl.edu/adnetec-cgi-bin/nep?urn=RePEc:cdl:econwp:e02-313
Department of Economics, Working Paper Series / University of
California
Digital Repository
(RePEc:cdl:econwp:e02-313)
From Imperialism to Inspiration: A Survey of Economics and Psychology
Bruno S. Frey and Matthias Benz
Abstract: Economics and psychology are both sciences of human
behaviour. This paper gives a survey of their interaction. First, the changing
relationship between
the two sciences is discussed: while economics was once imperialistic, it has
become a science inspired by
psychological insights. In order to illustrate this, recent developments and
evidence for three
major areas are presented: bounded rationality, non-selfish behaviour, and the
economics of
JEL Codes: A10 A12 D
Keywords: economics and psychology, behavioral economics, social
science paradigm
Downloads:
http://netec.wustl.edu/adnetec-cgi-bin/nep?urn=RePEc:zur:iewwpx:118
IEW - Working Papers / Institute for Empirical Research in Economics -
IEW