Journal Articles

The Contribution of Behavioral Economics to Political Science

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Behavioral economics has become an important part of the economics profession. As a subfield, it tries to make sense of persistent violations of the standard model for economics. The major classes of violations involve social preferences (taking the well-being of others into account), time discounting (inconsistencies in valuing present and future commodities), and context (the effects of framing). Other violations involve well-known psychological heuristics such as overconfidence, constraints on strategic reasoning, emotions, and status differentials. These concepts are discussed in separate sections, and key experimental and empirical studies are noted.

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Detail Information

Series Title

Annual Review of Political Science

Call Number

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Publisher

California : Annual Reviews., 2011

Collation

p. 201–223

Language

English

ISBN/ISSN

10942939

Classification

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Content Type

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Media Type

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Carrier Type

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Edition

Volume 14, 2011 p. 201–223

Subject(s)

experimental economics
social preferences
time discounting
prospect theory
behavioral anomalies

Specific Detail Info

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