EMBRACING THE DARK SIDE? TESTING THE SOCIALIZATION OF A MAXIMIZING MINDSET

Eli Spiegelman

Economic Inquiry, 2021, vol. 59, issue 2, 740-761

Abstract: Previous literature suggests an “economist effect”: business and economics students behave more like Homo economicus than do those from other disciplines. Does this represent selection of selfish maximizers into the disciplines, or a causal effect of study? We argue that common findings that behavior gets no “worse” over time represent overly simplistic tests. Our experiment investigates changes not just in behavior, but also in how participants feel about this behavior. Although we replicate the previous behavioral result, we find evidence that students learn to (1) attach less‐negative normative weight to maximizing behavior, and (2) employ greater sophistication in its implementation. (JEL A20, D91, C9)

Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://doi.org/10.1111/ecin.12958

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:bla:ecinqu:v:59:y:2021:i:2:p:740-761

Ordering information: This journal article can be ordered from
https://ordering.onl ... s.aspx?ref=1465-7295

Access Statistics for this article

Economic Inquiry is currently edited by Tim Salmon

More articles in Economic Inquiry from Western Economic Association International Contact information at EDIRC.
Bibliographic data for series maintained by Wiley Content Delivery ().