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 the concept of the decision-maker in standard economics is the rational actor and, in early work in behavioral economics, the quasi-rational actor influenced by the context of the moment of decision-making, in some recent work in behavioral economics the decision-maker could be...

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Author

Hoff,Karla;

Stiglitz,Joseph Eugene;
Document Date
2016/01/21
Document Type
Policy Research Working Paper
Report Number
WPS7537
Volume No
1
Total Volume(s)
1
Country
World,
Region
Other,
Disclosure Date
2016/01/21
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

Hoff,Karla; Stiglitz,Joseph Eugene.

Striving for balance in economics : towards a theory of the social determination of behavior (English). Policy Research working paper|no. WPS 7537 Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/636811468179051978

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

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