Integración de la economía con la psicología: Richard H. Thaler, premio novel de economía 2017
Integration of the economy with psicology: Richard H. Thaler, nobel prize of economy 2017
Jose Vargas-Hernandez
Estudios Economicos, 2018, vol. 035 (Nueva Serie), issue 71, 101-113
Abstract:
This paper aims to analyze the main contributions of Richard H. Thaler to the sci-ence of behavioral economics, which have been considered to grant him the Nobel Prize Sveriges Riksbank of Economics in 2017. His contributions incorporate psy-chology into the economic decision-making processes departing from instrumental rationality and the theory of rational choice to contribute to the generation of a new perspective in economic theory and economic policy. The method used is funda-mentally analytical-descriptive based on a review of his main publications. Finally, it is concluded that Thaler and his collaborators exert a relevant infl uence when generating a new frame of reference to explain and predict economic results from an approximation of limited rational behavior, the theory of limited accounting and the model of planer-maker under the concept of nudge which have an impact on the design and implementation of public policies
Keywords: empujón; economía conductual; efecto de dotación; contabilidad mental; racionalidad limitada; nudge; behavioral economics; endowment effect; mental accounting; limited rationality (search for similar items in EconPapers)
JEL-codes: B31 B41 D91 (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:uns:esteco:v:35:y:2018:i:71:p:101-113
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