Psychology and Economics rather than Psychology versus Economics: Cultural differences but no barriers!

Hermann Brandstätter, Werner Güth () and Hartmut Kliemt
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Hermann Brandstätter: University of Linz

No 2009-017, Jena Economics Research Papers from Friedrich-Schiller-University Jena

Abstract: During the last three decades the ascent of behavioral economics clearly helped to bring down artificial disciplinary boundaries between psychology and economics. Noting that behavioral economics seems still under the spell of the rational choice tradition - and, indirectly, of behaviorism - we scrutinize in an exemplary manner how the development of some kind of "cognitive economics" might mirror the rise of "cognitive psychology" without endangering the advantages of the division of labor and of disciplinary specialization.

Keywords: bounded rationality; game theory; satisficing; interdisciplinary research; experimental economics; economic psychology (search for similar items in EconPapers)
JEL-codes: B31 B41 C72 C73 C78 D63 (search for similar items in EconPapers)
Date: 2009-03-04
New Economics Papers: this item is included in nep-cbe, nep-evo, nep-exp, nep-hpe and nep-upt
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Persistent link: https://EconPapers.repec.org/RePEc:jrp:jrpwrp:2009-017

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