Neoclassical roots of behavioral economics

IF 0.3 Q4 ECONOMICS

Zhurnal Novaya Ekonomicheskaya Assotsiatsiya-Journal of the New Economic Association Pub Date : 2023-01-01 DOI:10.31737/22212264_2023_1_110

A. A. Upravitelev

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Abstract

Despite the fact that the names of a number of Nobel laureates are associated with behavioral economics, researchers regard this branch of science as an unorthodox, avant-garde research program. This article aims to fill this theoretical gap and link behavioral economics to mainstream of economic thought, as well as to divide behavioral economics into several directions — relative to the initial approaches or theories of neoclassics. In the first row of cases, we collected those approaches of neoclassical economics about economic behavior, in relation to which alternative concepts were proposed by behavioral economics. These neoclassical approaches are rationality, awareness, egoism of behavior. Another series is neoclassical theories, in dialogue with which theories of behavioral economics arose. These are theories of expected utility, game theory, exponential discounted utility, revealed preferences, rational expectations, efficient market. The sequence of development of behavioral economics we presented connects it, a once heterodox branch of science with the mainstream economic thought. The article can serve as a guide to the most important areas of research in behavioral economics. This study systematizes scientific knowledge and establishes methodological links within it.

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行为经济学的新古典主义根源

尽管许多诺贝尔奖得主的名字都与行为经济学有关，但研究人员仍将这一科学分支视为一种非正统的、前卫的研究项目。本文旨在填补这一理论空白，将行为经济学与主流经济思想联系起来，并将行为经济学划分为几个方向——相对于最初的新古典主义方法或理论。在第一行案例中，我们收集了新古典经济学关于经济行为的方法，行为经济学提出了与之相关的替代概念。这些新古典主义的方法是理性，意识，行为的利己主义。另一个系列是新古典主义理论，在与之对话的过程中，行为经济学理论应运而生。这些理论包括预期效用理论，博弈论，指数折现效用理论，显性偏好理论，理性预期理论，有效市场理论。我们提出的行为经济学的发展顺序将它这个曾经的非正统科学分支与主流经济思想联系起来。这篇文章可以作为行为经济学中最重要的研究领域的指南。这项研究使科学知识系统化，并在其中建立了方法论联系。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Zhurnal Novaya Ekonomicheskaya Assotsiatsiya-Journal of the New Economic Association ECONOMICS-

CiteScore

1.00

自引率

20.00%

发文量

期刊介绍： Key Journal''s objectives: bring together economists of different schools of thought across the Russian Federation; strengthen ties between Academy institutes, educational establishments and economic research centers; improve the quality of Russian economic research and education; integrate economic science and education; speed up the integration of Russian economic science in the global mainstream of economic research. The Journal publishes both theoretical and empirical articles, devoted to all aspects of economic science, which are of interest for wide range of specialists. It welcomes high-quality interdisciplinary projects and economic studies employing methodologies from other sciences such as physics, psychology, political science, etc. Special attention is paid to analyses of processes occurring in the Russian economy. Decisions about publishing of articles are based on a double-blind review process. Exceptions are short notes in the section "Hot Topic", which is usually formed by special invitations and after considerations of the Editorial Board. The only criterion to publish is the quality of the work (original approach, significance and substance of findings, clear presentation style). No decision to publish or reject an article will be influenced by the author belonging to whatever public movement or putting forward ideas advocated by whatever political movement. The Journal comes out four times a year, each issue consisting of 12 to 15 press sheets. Now it is published only in Russian. The English translations of the Journal issues are posted on the Journal website as open access resources.