Work

From heuristics and biases to agency

Year: 2025

Type: article

Abstract: Behavioural economics in the heuristics-and-biases tradition of Kahneman and Tversky is best known for explaining how people actually make decisions. However, less attention has been paid to its role in shaping normative decision making, which focuses on evaluating welfare and guiding choices. This article traces the evolving meanings of normativity in behavioural economics from the 1970s to the 2010s, exploring different interpretations of “irrational” behaviour and their implications for policymaking.

Source: Mind & Society

DOI: 10.1007/s11299-025-00344-x

Authors: Ivan Mitrouchev, Malte Dold

Institutions: Institut polytechnique de Grenoble, Centre National de la Recherche Scientifique, Institut National de Recherche pour l'Agriculture, l'Alimentation et l'Environnement, Laboratoire d'Economie Appliquée de Grenoble, Pomona College

Language: English

Topic: Decision-Making and Behavioral Economics

Subfield: General Decision Sciences

Field: Decision Sciences

Domain: Social Sciences

Open Access status: hybrid

Estimated APC paid: $2,990

Funders: Pomona College, Agence Nationale de la Recherche, European Society for the History of Economic Thought