Microfoundations, Behaviour, and Evolution: Evidence from Experiments

Francesco Bogliacino and Cristiano Codagnone

MPRA Paper from University Library of Munich, Germany

Abstract: The article discusses whether and to what extent experiments can contribute to a research paradigm based on the study of human behaviour in complex evolving environments and on the problem of asymmetric adjustment among different components of economic system along certain trajectories, focusing on the possibility that experimental evidence may represent an external consistency check on this type of heterodox modelling. It considers the evidence on rationality of human agents, and the possibility to identify a microfoundation alternative to homo oeconomicus, discussing the evidence on humans as strong reciprocators, as trusting individuals and as embedded in social norms.

Keywords: Experiments; Causality; Heuristics; Learning; Bounded Rationality; Altruism; Punishment; Trust; Norms (search for similar items in EconPapers)
JEL-codes: C18 C9 D1 D3 (search for similar items in EconPapers)
Date: 2017-10
New Economics Papers: this item is included in nep-cbe, nep-evo, nep-exp, nep-hme and nep-hpe
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Related works:
Journal Article: Microfoundations, behaviour, and evolution: Evidence from experiments (2021)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:82479

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