Advancing Beyond Advances in Behavioral Economics | Zendy

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Advancing Beyond Advances in Behavioral Economics

Author(s) -

Drew Fudenberg

Publication year - 2006

Publication title -

journal of economic literature

Language(s) - English

Resource type - Journals

SCImago Journal Rank - 11.771

H-Index - 160

eISSN - 1547-1101

pISSN - 0022-0515

DOI - 10.1257/jel.44.3.694

Subject(s) - behavioral economics , field (mathematics) , economics , positive economics , behavioural sciences , focus (optics) , management science , psychology , neoclassical economics , microeconomics , psychotherapist , physics , mathematics , pure mathematics , optics

This essay discusses the field of behavioral economics, with a focus on the papers in Advances in Behavioral Economics . These papers show that there is a body of ?behavioral facts? that is both economically significant and regular enough to be modeled. For the field to advance further, it should devote more attention to the foundations of its models, and develop unified explanations for a wider range of phenomena.

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