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Behavioral foundations for the Keynesian consumption function

Fabio D'Orlando and Eleonora Sanfilippo

Journal of Economic Psychology, 2010, vol. 31, issue 6, 1035-1046

Abstract: This paper has two main goals. The first is to investigate the role that behavioral principles play in the micro-foundation of Keynes's consumption theory, the second to discuss the possibility of grounding a Keynesian-type aggregate consumption function on the basis of (some of) the principles underlying contemporary behavioral models.

Keywords: Keynes; Behavioral; economics; Consumption; Heuristics; Myopia; Mental; accounting (search for similar items in EconPapers)
Date: 2010
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