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Economizing Mind, 1870-2015 - When Economics and Psychology Met . . . or Didn't (Hardcover)
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Economizing Mind, 1870-2015 - When Economics and Psychology Met . . . or Didn't (Hardcover)
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A supplement to History of Political Economy Economists and
psychologists share an interest in explaining how people make the
choices that they do. However, economists have tended to stress
individual rationality, shaped by economic motives and expressed in
formal logical or mathematical models, while psychologists have
preferred to identify influences through experimentation. In recent
decades, behavioral economics has bridged the two fields and
challenged the traditional economic assumption that individuals
choose rationally. The essays collected here provide a longer view
and reflect on episodic contact between psychology and economics
beginning in the late nineteenth century. They help explain why
meaningful, sustained joint inquiry eluded both disciplines for so
long and usefully complement the recent inclination of researchers
in each field to find inadequacy in the other. Contributors: Marina
Bianchi, Simon J. Cook, Neil De Marchi, Jose Edwards, Tiziana
Foresti, Craufurd D. Goodwin, Judy L. Klein, Harro Maas, Ivan
Moscati, John Staddon, Andrej Svorencik
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