The DOI matches its Crossref record; 3 of the 3 references it cites were found in a registry or an index.
The Road not Taken: How Psychology was Removed from Economics, and How it Might be Brought Back
Abstract
This article explores parallels between the debate prompted by Pareto’s reformulation of choice theory at the beginning of the twentieth century and current controversies about the status of behavioural economics. Before Pareto’s reformulation, neoclassical economics was based on theoretical and experimental psychology, as behavioural economics now is. Current ‘discovered preference’ defences of rational‐choice theory echo arguments made by Pareto. Both treat economics as a separate science of rational choice, independent of psychology. Both confront two fundamental problems: to find a defensible definition of the domain of economics, and to justify the assumption that preferences are consistent and stable.
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Citations
Cites
Prospect Theory: An Analysis of Decision under Risk
Kahneman, D., & Tversky, A. (1979) · Econometrica · doi:10.2307/1914185 · Cited by 48,524
Psychology as the behaviorist views it
Watson, J. B. (1913) · Psychological Review · doi:10.1037/h0074428 · Cited by 3,230
Does Market Experience Eliminate Market Anomalies?
List, J. A. (2003) · The Quarterly Journal of Economics · doi:10.1162/00335530360535144 · Cited by 1,183
Cited by
Neuroeconomics: cross-currents in research on decision-making
Sanfey, A. G., Loewenstein, G., McClure, S. M., & Cohen, J. D. (2006) · Trends in Cognitive Sciences · doi:10.1016/j.tics.2006.01.009 · Cited by 561
HAPPINESS ECONOMICS FROM 35 000 FEET
MacKerron, G. (2012) · Journal of Economic Surveys · doi:10.1111/j.1467-6419.2010.00672.x · Cited by 320
Hedonic adaptation and the role of decision and experience utility in public policy
Loewenstein, G., & Ubel, P. A. (2008) · Journal of Public Economics · doi:10.1016/j.jpubeco.2007.12.011 · Cited by 262
Do People Have Reproductive Goals? Constructive Preferences and the Discovery of Desired Family Size
Bhrolcháin, M. N., & Beaujouan, É. (2019) · The Springer Series on Demographic Methods and Population Analysis · doi:10.1007/978-3-319-93227-9_3 · Cited by 59
Metadata
- Authors
- Bruni, L., & Sugden, R.
- Venue
- The Economic Journal
- Publisher
- Oxford University Press (OUP)
- Published
- 2007-01-01
- Volume
- 117
- Issue
- 516
- Pages
- 146-173
- ISSN
- 0013-0133 (ISSN-L)
- 1468-0297
- OpenAlex
- W2051295853
- Cited by
- 377
- References
- 3
- FWCI
- 73.16
- Type
- journal article
- Language
- en
- Open access
- closed
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- Bruni, L., & Sugden, R. (2007). The Road not Taken: How Psychology was Removed from Economics, and How it Might be Brought Back. The Economic Journal. https://doi.org/10.1111/j.1468-0297.2007.02005.x
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
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