Work

We're All Behavioral Economists Now

Year: 2018

Type: article

Abstract: Behavioral economics has long defined itself in opposition to neoclassical economics, but recent developments suggest a synthesis may be on the horizon. In particular, several economists have argued that behavioral factors can be incorporated into standard theory, and that the days of behavioral economics are therefore numbered. This paper explores the proposed synthesis and argues that it is distinctly behavioral in nature – not neoclassical. Far from indicating that behavioral economics as a stand-alone research program is over, the proposed synthesis represents the consummate conversion of neoclassical economists into behavioral ones.

Source: Journal of Economic Methodology

DOI: 10.1080/1350178x.2019.1625210

Author: Erik Angner

Institutions: Stockholm University, Institute for Futures Studies

Language: English

Topic: Decision-Making and Behavioral Economics

Subfield: General Decision Sciences

Field: Decision Sciences

Domain: Social Sciences

Open Access status: hybrid

Funders: John Templeton Foundation, Stockholms Universitet

OpenAlex ID: W2850666247

FWCI: 5.828

Cites: 38

Cited by: 86

Related to: 10