Attribute substitution, earlier-generation economic approaches and behavioural economics

IF 1.6 Q2 ECONOMICS

REVIEW OF SOCIAL ECONOMY Pub Date : 2020-12-21 DOI:10.1080/00346764.2021.1874498

Theodore Koutsobinas

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引用次数: 0

Abstract

ABSTRACT The present paper examines attribute substitution in terms of both heuristics and attribution theory in social psychology. Alternative ‘old’ approaches in psychology were special because they considered choice in terms that were similar to attributional inference in social psychology and anticipated limitations of the static heuristics and biases approach. Attribute substitution plays an important role in reflective reasoning as an independent entity relative to rationality and produces good decisions, even those are sub-optimal and may be influenced by primitive processes such as intuition and habits. The attribute-substitution research enhances our understanding of intense shifts in economic expectations. It makes possible the conceptual incorporation of substantive theoretical constructions, which are inherent in psychological propensities of alternative, and mainly, heterodox approaches in economics such as Post Keynesian, Institutional and Austrian economics. This research agenda paves the way for possible forms of synthesis of those theories with behavioural economics.

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属性替代、早期经济方法和行为经济学

摘要本文从社会心理学中的启发式和归因理论两个方面对属性替代进行了研究。心理学中的另类“旧”方法是特殊的，因为它们从类似于社会心理学中归因推理的角度考虑选择，并预期静态启发式和偏见方法的局限性。属性替代作为一个相对于理性的独立实体，在反思推理中发挥着重要作用，并产生了良好的决策，即使是次优决策，也可能受到直觉和习惯等原始过程的影响。属性替代研究增强了我们对经济预期剧烈变化的理解。它使实质性理论结构的概念结合成为可能，这些理论结构是另类的心理倾向所固有的，主要是经济学中的异端方法，如后凯恩斯主义、制度经济学和奥地利经济学。这一研究议程为这些理论与行为经济学的可能形式的综合铺平了道路。

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来源期刊

REVIEW OF SOCIAL ECONOMY ECONOMICS-

CiteScore

2.60

自引率

10.00%

发文量

期刊介绍： For over sixty-five years, the Review of Social Economy has published high-quality peer-reviewed work on the many relationships between social values and economics. The field of social economics discusses how the economy and social justice relate, and what this implies for economic theory and policy. Papers published range from conceptual work on aligning economic institutions and policies with given ethical principles, to theoretical representations of individual behaviour that allow for both self-interested and "pro-social" motives, and to original empirical work on persistent social issues such as poverty, inequality, and discrimination.