Behavioral foundations for the Keynesian consumption function
Fabio D'Orlando and
Journal of Economic Psychology, 2010, vol. 31, issue 6, 1035-1046
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)
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Working Paper: Behavioral Foundations for the Keynesian Consumption Function (2008)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:joepsy:v:31:y:2010:i:6:p:1035-1046
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