Behavioral economics: A methodological note

Amitai Etzioni

Journal of Economic Psychology, 2010, vol. 31, issue 1, 51-54

Abstract: When a theory faces a set of facts that are not compatible with its key assumptions, there are several ways it might respond. In response to the challenge posed by behavioral economics, neoclassical economics has attempted numerous different approaches. After briefly reviewing these responses, this paper turns to argue in favor of one of them.

Keywords: Behavioral; economics; Neoclassical; economics; Economic; theory; Rational; behavior; Economic; methodology (search for similar items in EconPapers)
Date: 2010
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Citations: View citations in EconPapers (7)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:joepsy:v:31:y:2010:i:1:p:51-54

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