Psychology and Economics: Evidence from the Field. Part I: Nonstandard Preferences (Introduction by S. Pyastolov)

Stefano DellaVigna

Voprosy Ekonomiki, 2011, issue 4

Abstract: This first part of a larger work devoted to the modern behavioral economics considers economic aspects of nonstandard preferences that characterize deviations from the standard model of rational decision-making. The author emphasizes the problems of self-control and the context-dependence of human behavior. He then shows how to apply theoretical ideas to the study of savings, labor market, stock exchange, and other domains of economic behavior.

Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:nos:voprec:y:2011:id:1208

DOI: 10.32609/0042-8736-2011-4-47-77

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