Striving for balance in economics : towards a theory of the social determination of behavior (English)

This paper is an attempt to broaden economic discourse by importing insights into human behavior not just from psychology, but also from sociology and anthropology. Whereas in standard economics the concept of the decision-maker is the rational actor, and in early work in behavioral economics it is the quasi-rational actor influenced by the context of the moment of decision, in some recent work in behavioral economics, the decision-maker could be...

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Author

Stiglitz,Joseph Eugene;

Hoff,Karla;
Document Date
2016/06/01
Document Type
Journal Article
Report Number
105338
Volume No
1
Total Volume(s)
1
Country
World,
Region
Other,
Disclosure Date
2016/05/23
Disclosure Status
Disclosed
Doc Name
Striving for balance in economics : towards a theory of the social determination of behavior
Keywords
mental model

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Citation

Stiglitz,Joseph Eugene; Hoff,Karla.

Striving for balance in economics : towards a theory of the social determination of behavior (English). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/608711467996732461

Striving for balance in economics : towards a theory of the social determination of behavior (English)

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