Introduction

Bina Agarwal and Alessandro Vercelli
Additional contact information
Alessandro Vercelli: University of Siena

Chapter 1 in Psychology, Rationality and Economic Behaviour, 2005, pp 1-15 from Palgrave Macmillan

Abstract: Abstract ‘How selfish soever man may be supposed, there are evidently some principles in his nature, which interest him in the fortune of others, and render their happiness necessary to him, though he derives nothing from it, except the pleasure of seeing it.’ (Amartya Sen, 2002: 46) [T]he insistence on the pursuit of self-interest as an inescapable necessity for rationality subverts the “self” as a free, reasoning being, by overlooking the freedom to reason about what one should pursue.’ (Adam Smith, [1759] 1966: 3) Economics today is at an exciting stage of evolution, as it begins to reopen routes of interchange with other disciplines. In this interdisciplinary exchange, psychology stands closer to centre-stage than most other disciplines. It has provided the grist for challenging many standard economic assumptions and catalysed the rapidly growing fields of behavioural economics and experimental economics.

Keywords: Social Preference; Economic Behaviour; Dictator Game; Inequality Aversion; Inequity Aversion (search for similar items in EconPapers)
Date: 2005
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:intecp:978-0-230-52234-3_1

Ordering information: This item can be ordered from
http://www.palgrave.com/9780230522343

DOI: 10.1057/9780230522343_1

Access Statistics for this chapter

More chapters in International Economic Association Series from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().