Publications

BibTex format

@article{Joffe:2019:10.1080/1350178X.2019.1625214,
author = {Joffe, M},
doi = {10.1080/1350178X.2019.1625214},
journal = {Journal of Economic Methodology},
pages = {228--242},
title = {Mechanism in behavioural economics},
url = {http://dx.doi.org/10.1080/1350178X.2019.1625214},
volume = {26},
year = {2019}
}

Download

RIS format (EndNote, RefMan)

TY  - JOUR
AB  - Behavioural economics promises to bring economics closer to being evidence based. However, its ability to do this may depend on a methodological issue: whether the findings of behavioural economics are used to modify or extend standard theory, or to contribute towards replacing it where required – respectively the incremental and selective replacement strategies. I focus on the incremental approach, in terms of its implied causal mechanism. Two stages are involved, corresponding to the prediction of standard theory and to a separate component that aligns it with actual observations. In behavioural economics, one possible interpretation of the language of ‘biases’ is such a two-stage approach. More explicitly, Rabin advocates it in the form of PEEMs (Portable Extensions of Existing Models). A more direct, one-stage approach may have some advantages, at least for some research topics.
AU  - Joffe,M
DO  - 10.1080/1350178X.2019.1625214
EP  - 242
PY  - 2019///
SN  - 1350-178X
SP  - 228
TI  - Mechanism in behavioural economics
T2  - Journal of Economic Methodology
UR  - http://dx.doi.org/10.1080/1350178X.2019.1625214
UR  - http://gateway.webofknowledge.com/gateway/Gateway.cgi?GWVersion=2&SrcApp=PARTNER_APP&SrcAuth=LinksAMR&KeyUT=WOS:000474607700005&DestLinkType=FullRecord&DestApp=ALL_WOS&UsrCustomerID=1ba7043ffcc86c417c072aa74d649202
UR  - http://hdl.handle.net/10044/1/81899
VL  - 26
ER  -

Download

DrMichaelJoffe

Contact

Location

Summary

Citation

BibTex format

RIS format (EndNote, RefMan)