Economics and psychology : a promising new cross-disciplinary field
 Series CESifo seminar series
 Format: Book
 Published: Cambridge, Mass. : MIT Press, c2007.
 Language: English
 Summary:
The integration of economics and psychology has created a vibrant and fruitful emerging field of study. The essays in Economics and Psychology take a broad view of the interface between these two disciplines, going beyond the usual focus on "behavioral economics." As documented in this volume, the influence of psychology on economics has been responsible for a view of hu... (see more)
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Authors
Series
Item Description
  • vi, 286 p. : ill. ; 24 cm.
  • ISBN: 9780262062633 (hardcover : alk. paper)
  • ISBN: 0262062631 (hardcover : alk. paper)
  • OCLC Number: 77716926
Notes
  • Includes bibliographical references and index.
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Table of Contents
  • Series Foreword (p. vii)
  • List of Contributors (p. ix)
  • I. Introduction (p. 1)
  • 1. Economics and Psychology: Developments and Issues (Bruno S. Frey and Alois Stutzer) (p. 3)
  • II. Pro-Social Behavior and Trust (p. 17)
  • 2. Conditional Cooperation: Behavioral Regularities from the Lab and the Field and Their Policy Implications (Simon Gachter) (p. 19)
  • 3. A Survey of Economic Theories and Field Evidence on Pro-Social Behavior (Stephan Meier) (p. 51)
  • 4. Why Women and Men Trust Others (Iris Bohnet) (p. 89)
  • III. Neuroeconomics (p. 111)
  • 5. Neuroeconomics: Illustrated by the Study of Ambiguity Aversion (Colin F. Camerer and Meghana Bhatt and Ming Hsu) (p. 113)
  • IV. Economics and Happiness (p. 153)
  • 6. Happiness and Public Policy: A Challenge to the Profession (Richard Layard) (p. 155)
  • 7. What Happiness Research Can Tell Us about Self-Control Problems and Utility Misprediction (Alois Stutzer and Bruno S. Frey) (p. 169)
  • V. Procedural Utility and Decision-Making Mechanisms (p. 197)
  • 8. The Relevance of Procedural Utility for Economics (Matthias Benz) (p. 199)
  • 9. The Helping Hand-A Brief Anatomy (Felix Oberholzer-Gee) (p. 229)
  • VI. Evaluation (p. 241)
  • 10. Efficient Social Engineering and Realistic Cognitive Modeling: A Psychologist's Thoughts (Ralph Hertwig) (p. 243)
  • Index (p. 271)
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Title Summary
The integration of economics and psychology has created a vibrant and fruitful emerging field of study. The essays in Economics and Psychology take a broad view of the interface between these two disciplines, going beyond the usual focus on "behavioral economics." As documented in this volume, the influence of psychology on economics has been responsible for a view of human behavior that calls into question the assumption of complete rationality (and raises the possibility of altruistic acts), the acceptance of experiments as a valid method of economic research, and the idea that utility or well-being can be measured.The contributors, all leading researchers in the field, offer state-of-the-art discussions of such topics as pro-social behavior and the role of conditional cooperation and trust, happiness research as an empirical tool, the potential of neuroeconomics as a way to deepen understanding of individual decision making, and procedural utility as a concept that captures the well-being people derive directly from the processes and conditions leading to outcomes. Taken together, the essays in Economics and Psychology offer an assessment of where this new interdisciplinary field stands and what directions are most promising for future research, providing a useful guide for economists, psychologists, and social scientists.
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