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Perspectives in Behavioral Economics and the Economics of Behavior, The Mind under the Axioms

Decision-Theory Beyond Revealed Preferences

Perspectives in Behavioral Economics and the Economics of Behavior, The Mind under the Axioms - Bourgeois-Gironde, Sacha - ISBN: 9780128151310
Prijs: € 144,90
Levertijd: 12 tot 15 werkdagen
Bindwijze: Boek, Paperback (27-09-2019)
Genre: Econometrie
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Beschrijving

The Mind under the Axioms reviews two basic ingredients of our understanding of human decisions conative aspects (preferences) and cognitive aspects (beliefs). These ingredients are axiomatized in modern decision theory in the view to obtain a formally and empirically tractable representation of the decision-maker. The main issue developed in this book is the connection between realistic and testable psychological features and the descriptive component of abstract axioms of rationality. It addresses three main topics for which the interaction between axiomatization and psychology leads to potential new developments in experimental decision-theory and puts strictures on the standard revealed preference methodology prevailing in that field. The possibility of a cardinal representation of preferences is discussed. Different ways of accounting for incomplete preferences, and in which sense, are analysed. Finally, the conditions of separability between preferences and beliefs, such as prescribed by axioms of state-independence, are submitted to actual and potential tests. The book offers a bridge between the disciplines of decision-theory, psychology, and neuroeconomics. It is thus relevant for those, in psychology and cognitive sciences, who are sometimes put off by the high degree of formalism and abstraction in decision-theory, that seems to lie beyond the reach of psychological realism. It also aims to convince those in decision-theory for whom psychological realism and empirical testability should not constrain the modelling enterprise that conceptual clarification can come from attempted experimentation.



  • Addresses open and evolving theoretical issues in decision-theory, especially from experimental perspectives
  • Helps researchers understand the psychological and neuroscientific mechanisms for decision-making
  • Considers how preferences shape beliefs and how beliefs shape preferences
  • Uncovers the very formal and abstract psychological and behavioral implications that are actually made in contemporary decision-theory

Details

Titel: Perspectives in Behavioral Economics and the Economics of Behavior, The Mind under the Axioms
auteur: Bourgeois-Gironde, Sacha
Mediatype: Boek
Bindwijze: Paperback
Taal: Engels
Aantal pagina's: 216
Uitgever: Elsevier Science
Publicatiedatum: 2019-09-27
NUR: Econometrie
Afmetingen: 229 x 152
ISBN/ISBN13: 9780128151310
Intern nummer: 44259594

Biografie (woord)

Sacha Bourgeois-Gironde is Professor of Economics at Universit Paris 2. He is an experimental economist working on the cognitive foundations of decision-theory. Before his career in economic sciences, he has been a full professor of philosophy and continues to be a researcher in cognitive sciences at Ecole Normale Suprieure, in Paris. The leading thread of his work is to spell out and model minimal cognitive conditions which are compatible with decision-making in complex human economic environments.

Extra informatie

Explores how recent formal advances in decision theory can inform and integrate new behavioral economics research and experimentation

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