The Behavioral Foundations of New Economic Thinking

Eric Beinhocker and Sanjit Dhami

INET Oxford Working Papers from Institute for New Economic Thinking at the Oxford Martin School, University of Oxford

Abstract: This paper produces an edited version of an interview conducted by Professor Eric Beinhocker, Executive Director, INET Oxford, with Professor Sanjit Dhami of the University of Leicester, author of the Foundations of Behavioral Economic Analysis (Dhami 2016), on 9th May 2019 at the University of Oxford. The questions posed by Professor Beinhocker covered a wide interdisciplinary terrain that ranged from important contributions in behavioral economics and the way forward; inertia in the economics profession to accept the new interdisciplinary research; the scientific method; the interplay of culture, behavior and institutions; the role of norms; and a critique of complexity and agent based models. We are publishing this interview as a working paper to foster debate and reflection among economists and other social scientists regarding some of the "big-picture" questions in the behavioral sciences, and to highlight the powerful role that behavioral economics can play in illuminating a deeper understanding of the economy and other social systems.

Keywords: Behavioral economics; scientific method; culture, preferences, and institutions; rationality; heuristics and biases; other-regarding preferences; complexity and agent based models. (search for similar items in EconPapers)
JEL-codes: A12 B41 D01 D91 Z1 (search for similar items in EconPapers)
Pages: 41 pages
Date: 2019-08
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.inet.ox.ac.uk/files/Sanjit-INET-9-May-2019.pdf (application/pdf)

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:amz:wpaper:2019-13

Access Statistics for this paper

More papers in INET Oxford Working Papers from Institute for New Economic Thinking at the Oxford Martin School, University of Oxford Contact information at EDIRC.
Bibliographic data for series maintained by INET Oxford admin team ().