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Behavioral economics: A methodological note

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  • Etzioni, Amitai

Abstract

When a theory faces a set of facts that are not compatible with its key assumptions, there are several ways it might respond. In response to the challenge posed by behavioral economics, neoclassical economics has attempted numerous different approaches. After briefly reviewing these responses, this paper turns to argue in favor of one of them.

Suggested Citation

  • Etzioni, Amitai, 2010. "Behavioral economics: A methodological note," Journal of Economic Psychology, Elsevier, vol. 31(1), pages 51-54, February.
    • Handle: RePEc:eee:joepsy:v:31:y:2010:i:1:p:51-54
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    References listed on IDEAS

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    Blog mentions

    As found by EconAcademics.org, the blog aggregator for Economics research:
    1. Behavioral economics: A methodological note
      by Alessandro Cerboni in Knowledge Team on 2014-01-01 01:16:09

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    Cited by:

    1. Brzezicka Justyna & Wisniewski Radosław, 2014. "Price Bubble In The Real Estate Market - Behavioral Aspects," Real Estate Management and Valuation, Sciendo, vol. 22(1), pages 77-90, March.
    2. repec:jes:wpaper:y:2014:v:6:p:71-76 is not listed on IDEAS
    3. Charles G. Leathers & J. Patrick Raines, 2012. "Intuitive psychology, natural experiments, and the Greenspan‐Bernanke conceptual framework for responding to financial crises," International Journal of Social Economics, Emerald Group Publishing Limited, vol. 39(4), pages 281-295, March.
    4. Paula-Elena Diacon & Madalina Calance, 2014. "The Relationship Between Behavioural And Neoclassical Economic," CES Working Papers, Centre for European Studies, Alexandru Ioan Cuza University, vol. 6(1), pages 71-76, March.
    5. Philipp Schreck & Dominik Aaken & Karl Homann, 2020. "“There’s Life in the Old Dog Yet”: The Homo economicus model and its value for behavioral ethics," Journal of Business Economics, Springer, vol. 90(3), pages 401-425, April.
    6. Sinziana BALTATESCU, 2015. "Behavioral Inputs To The Theoretical Approach Of The Economic Crisis," CES Working Papers, Centre for European Studies, Alexandru Ioan Cuza University, vol. 7(2a), pages 387-394, September.
    7. Ottaviani, Cristina & Vandone, Daniela, 2011. "Impulsivity and household indebtedness: Evidence from real life," Journal of Economic Psychology, Elsevier, vol. 32(5), pages 754-761.

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