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Behavioral economics: Economic Man and Evaluation of the Role of State in this Model

Marina Sheresheva and Ani Kostanyan ()
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Ani Kostanyan: Department of Economics, Lomonosov Moscow State University

No 31, Working Papers from Moscow State University, Faculty of Economics

Abstract: The article presents an approach to the assessment of the economic man model in the behavioral economics as the one of the latest trends of economic thought development, and discusses the role of state in this model. The evolution of the economic man model is described on the basis of retrospective analysis (from the mercantilism up to the experimental economics). Specific features of human decision-making process in behavioral economics are revealed. A critical view at the phenomenon of paternalism in this framework is given, and the impact of different paternalism types on the human decision-making process in behavioral economics is described.

Keywords: economic man; behavioral economics; rationality; economic psychology; paternalism. (search for similar items in EconPapers)
JEL-codes: B1 B2 (search for similar items in EconPapers)
Pages: 11 pages
Date: 2016-08
New Economics Papers: this item is included in nep-evo, nep-hme and nep-hpe
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