Behavioral economics

The Handbook of Economic Sociology

Volumn , Issue , 2010, Pages 90-108

  Weber, Roberto ^a   Dawes, Robyn ^a  

^a CARNEGIE MELLON UNIVERSITY   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 84884092337     PISSN: None     EISSN: None     Source Type: Book    
DOI: None     Document Type: Chapter

References (118)

1. Aaron, Henry J., ed. 1999. Behavioral Dimensions of Retirement Economics. Washington, D.C.: Brookings Institution Press.
2. Ainslie, George, and Nick Haslam. 1992. "Hyperbolic Discounting." In Choice over Time, ed. George Loewenstein and Jon Elster. New York: Russell Sage Foundation.
3. Akerlof, George A. 1982. "Labor Contracts as Partial Gift Exchange." Quarterly Journal of Economics 87:543-69.
4. Akerlof, George A. 2002. "Behavioral Macroeconomics and Macro-economic Behavior." American Economic Review 92(3): 411-33.
5. Akerlof, George A., and Rachel Kranton. 2000. "Eco-nomics and Identity." Quarterly Journal of Economics 115:715-53.
6. Allen, Franklin, and Douglas Gale. 2000. "Financial Contagion." Journal of Political Economy, 108: 1-33.
7. Ando, Albert, and Franco Modigliani. 1963. "The Life Cycle Hypothesis of Saving: Aggregate Implications and Tests." American Economic Review 53:55-84.
8. Andreoni, James. 1988. "Why Free Ride? Strategies and Learning in Public Goods Experiments." Journal of Public Economics 37:291-304.
9. Andreoni, James. 1989. "Giving with Impure Altruism: Applications to Charity and Ricardian Equivalence." Journal of Political Economy 97:1447-58.
10. Andreoni, James. 1990. "Impure Altruism and Donations to Public Goods: A Theory of Warm-Glow Giving." Economic Journal 100:464-77.
11. Andreoni, James, and John H. Miller. 2002. "Giving According to GARP: An Experimental Test of the Consistency of Preferences for Altruism." Econo-metrica 70:737-53.
12. Aumann, Robert A. 1990. Foreword to Two-Sided Matching: A Study in Game-Theoretic Modeling and Analysis, by Alvin E. Roth and Marilda A. Sotomay-or. Cambridge: Cambridge University Press.
13. Babcock, Linda, John Engberg, and Robert T. Green-baum. 1999. "Wage Spillovers in Public Sector Contact Negotiations: The Importance of Social Comparisons." Unpublished manuscript.
14. Babcock, Linda, and George Loewenstein. 1997. "Explaining Bargaining Impasse: The Role of Self-Serving Biases." Journal of Economic Perspectives 11(1): 109-26.
15. Bacharach, Michael, and Michele Bernasconi. 1997. "The Variable Frame Theory of Focal Points: An Experimental Study." Games and Economic Behavior 19:1-45.
16. Becker, Gary S., and Kevin M. Murphy. 1988. "A Theory of Rational Addiction." Journal of Political Economy 4:675-700.
17. Benzion, Uri, Amnon Rapoport, and Joseph Yagil. 1989. "Discount Rates Inferred from Decisions: An Experimental Study." Management Science 35: 270-84.
18. Berg, J., J. Dickhaut, and K. McCabe. 1995. "Trust, Social History, and Reciprocity." Games and Economic Behavior 10(1): 122-42.
19. Bernheim, B. Douglas, Jonathan Skinner, and Steven Weinberg. 2001. "What Accounts for the Variation in Retirement Savings across U.S. Households?" American Economic Review 91:832-57.
20. Berninghaus, Siegfried K., Karl-Martin Ehrhart, and Claudia Keser. 2002. "Conventions and Local Interaction Structures: Experimental Evidence." Games and Economic Behavior 39(2): 177-205.
21. Bohm, Peter. 1972. "Estimating Demand for Public Goods: An Experiment." European Economic Review 3:111-30.
22. Bolton, Gary E., and Axel Ockenfels. 2000. "ERC: A Theory of Equity, Reciprocity, and Competition." American Economic Review 90:166-93.
23. Brookshire, David S., and Don L. Coursey. 1987. "Measuring the Value of a Public Good: An Empirical Comparison of Elicitation Procedures." American Economic Review 77:554-66.
24. Camerer, Colin F. 2003a. Behavioral Game Theory: Experiments in Strategic Interaction. Princeton: Princeton University Press.
25. Camerer, Colin F. 2003b. "Strategizing the Brain." Science 300: 1673-75.
26. Camerer, Colin F., Linda Babcock, George Loewenstein, and Richard H. Thaler. 1997. "Labor Supply of New York City Cab Drivers: One Day at a Time." Quarterly Journal of Economics 112:407-41.
27. Camerer, Colin F., and Robin M. Hogarth. 1999. "The Effects of Financial Incentives in Experiments: A Review and Capital-Labor-Production Framework." Journal of Risk and Uncertainty 19(1): 7-42.
28. Camerer, Colin F., George Loewenstein, and Drazen Prelec. 2003. "Neuroeconomics: How Neuro-science Can Inform Economics." Typescript.
29. Camerer, Colin, and Richard H. Thaler. 1995. "Ultimatums, Dictators, and Manners." Journal of Economic Perspectives 9(2): 209-19.
30. Carroll, Christopher D., and Lawrence H. Summers. 1991. "Consumption Growth Parallels Income Growth: Some New Evidence." Pp. 305-43 in National Saving and Economic Performance, ed. B. Douglas Bernheim and J. Shoven. Chicago: University of Chicago Press.
31. Collard, David. 1975. "Edgeworth's Propositions on Altruism." Economic Journal 85:355-60.
32. Corbae, P. Dean, and John Duffy. 2002. "Experiments with Network Economies." Unpublished manuscript.
33. Davis, Gerald F. 1991. "Agents without Principles? The Spread of the Poison Pill through the Intercorporate Network." Administrative Science Quarterly 36:583-613.
34. Dawes, Robyn M. 1999. "Experimental Demand, Clear Incentives, Both, or Neither?" Pp. 21-28 in Games and Human Behavior: Essays in Honor of Amnon Rapoport, ed. David V. Budescu, Ido Erev, and Rami Zwick. Mahwah, N.J.: Laurence Erlbaum Associates.
35. Dawes, Robyn M., Jeanne McTavish, and Harriet Shak-lee. 1977. "Behavior, Communication, and Assumptions about Other People's Behavior in a Commons Dilemma Situation." Journal of Personality and Social Psychology 35(1): 1-11.
36. Dawes, Robyn M., and David Messick. 2000. "Social Dilemmas." International Journal of Psychology 35(2): 111-16.
37. Dawes, Robyn M., John M. Orbell, Randy Simmons, and Alphons Van de Kragt. 1986. "Organizing Groups for Collective Action." American Political Science Review 8:1171-85.
38. Dawes, Robyn M., and Richard H. Thaler. 1988."Cooperation." Journal of Economic Perspectives 2: 187-97.
39. Edgeworth, F. Y. [1881] 1995. Mathematical Psychics and Other Essays. Mountain Center, Calif.: James and Gordon.
40. Fehr, Ernst. 2002. "The Economics of Impatience." Nature 415:269-72.
41. Fehr, Ernst, Georg Kirchsteiger, and Arno Riedl. 1993. "Does Fairness Prevent Market Clearing? An Experimental Investigation." Quarterly Journal of Economics, 108:437-60.
42. Fehr, Ernst, Georg Kirchsteiger, and Arno Riedl. 1998. "Gift Exchange and Reciprocity in Competitive Experimental Markets." European Economic Review 42:1-34.
43. Fehr, Ernst, and Klaus M. Schmidt. 1999. "A Theory of Fairness, Competition, and Cooperation." Quarterly Journal of Economics 114:817-68.
44. Fisher, Irving. 1930. The Theory of Interest. New York: Macmillan.
45. Forsythe, Robert, Joel L. Horowitz, N. E. Savin, and Martin Sefton. 1994. "Fairness in Simple Bargaining Experiments." Games and Economic Behavior 6:347-69.
46. Frank, Robert H., Thomas Gilovich, and Dennis T. Regan. 1993. "Does Studying Economics Inhibit Cooperation?" Journal of Economic Perspectives 7: 159-71.
47. Gately, Dermot. 1980. "Individual Discount Rates and the Purchase and Utilization of Energy-Using Durables: Comment." Bell Journal of Economics 11:373-74.
48. Goldstein, Avram. 1994. Addiction: From Biology to Drug Policy. New York: W. H. Freeman.
49. Granovetter, Mark. 1985. "Economic Action and Social Structure: The Problem of Embeddedness." American Journal of Sociology 91:481-570.
50. Greenbaum, Robert T. 2002. "A Spatial Study of Teachers' Salaries in Pennsylvania School Districts." Journal of Labor Research 23(1): 69-86.
51. Güth, Werner, Rolf Schmittberger, and Bernd Schwarze. 1982. "An Experimental Analysis of Ultimatum Bargaining." Journal of Economic Behavior and Organization 3:367-88.
52. Harless, David W., and Colin F. Camerer. 1994. "The Predictive Utility of Generalized Expected Utility Theories." Econometrica 62:1251-90.
53. Hartman, Raymond S., Michael J. Doane, and C. K. Woo. 1991. "Consumer Rationality and the Status Quo." Quarterly Journal of Economics 106:141-62.
54. Hausman, Jerry A. 1979. "Individual Discount Rates and the Purchase and Utilization of Energy-Using Durables." Bell Journal of Economics 10:33-54.
55. Henrich, Joseph, Robert Boyd, Samuel Bowles, Colin F. Camerer, Herbert Gintis, Richard McElreath, and Ernst Fehr. 2001. "In Search of Homo-economi-cus: Experiments in 15 Small-Scale Societies." American Economic Review 91(2): 73-79.
56. Hoffman, Elizabeth, Kevin McCabe, Keith Shachat, and Vernon L. Smith. 1994. "Preferences, Property Rights, and Anonymity in Bargaining Games." Games and Economic Behavior 7:346-80.
57. Hoffman, Elizabeth, Kevin McCabe, and Vernon L. Smith. 1996. "On Property Rights and the Monetary Stakes in Ultimatum Game Bargaining." International Journal of Game Theory 25:289-301.
58. Holcomb, James H., and Paul S. Nelson. 1992. "Another Experimental Look at Individual Time Preference." Rationality and Society 4:199-220.
59. Horowitz, Joel L. 1991. "Discounting Money Payoffs: An Experimental Analysis." In vol. 2B of Handbook of Behavioral Economics, ed. Benjamin Gilad and Stanley Kaish. Greenwich, Conn.: JAI Press.
60. Isaac, R. Mark, Kenneth F. McCue, and Charles R. Plott. 1985. "Public Goods Provision in an Experimental Environment." Journal of Public Economics 26:51-74.
61. Isaac, R. Mark, and James M. Walker. 1988. "Group Size Effects in Public Goods Provision: The Voluntary Contributions Mechanism." Quarterly Journal of Economics 103:179-99.
62. Isaac, R. Mark, James M. Walker, and Susan H. Thomas. 1984. "Divergent Evidence on Free Riding: An Experimental Examination of Possible Explanations." Public Choice 43:113-49.
63. Jackson, Matthew O., and Alison Watts. 2002. "On the Formation of Interaction Networks in Social Coordination Games." Games and Economic Behavior 41(2): 265-91.
64. Johnson, Eric J., John C. Hershey, Jacqueline R. Meszaros, and Howard Kunreuther. 1993. "Framing, Probability Distortions, and Insurance Decisions." Journal of Risk and Uncertainty 7:35-53.
65. Kahneman, Daniel, Jack L. Knetsch, and Richard H. Thaler. 1986a. "Fairness and the Assumptions of Economics." Journal of Business 59(4:2): S285-S300.
66. Kahneman, Daniel, Jack L. Knetsch, and Richard H. Thaler. 1986b. "Fairness as a Constraint on Profit Seeking: Entitlements in the Market." American Economic Review 76:728-41.
67. Kahneman, Daniel, Jack L. Knetsch, and Richard H. Thaler. 1990. "Experimental Tests of the Endowment Effect and the Coase Theorem." Journal of Political Economy 98:1325-48.
68. Kahneman, Daniel, Jack L. Knetsch, and Richard H. Thaler. 1991. "Anomalies: The Endowment Effect, Loss Aversion, and Status Quo Bias." Journal of Economic Perspectives 5(1): 193-206.
69. Kahneman, Daniel, and Amos Tversky. 1974. "Judgment under Uncertainty: Heuristics and Biases." Science 185:1124-31.
70. Kahneman, Daniel, Jack L. Knetsch, and Richard H. Thaler. 1979. "Prospect Theory: An Analysis of Decision under Risk." Econometrica 47:263-91.
71. Kim, Oliver, and Mark Walker. 1984. "The Free Rider Problem: Experimental Evidence." Public Choice 43:3-24.
72. Knetsch, Jack L., and J. A. Sinden. 1984. "Willingness to Pay and Compensation Demanded: Experimental Evidence of an Unexpected Disparity in Measures of Value." Quarterly Journal of Economics 99: 507-21.
73. Kreps, David M. 1990. "Corporate Culture and Eco-nomic Theory." In Perspectives on Positive Political Economy, ed. J. E. Alt and K. A. Shepsle. Cambridge: Cambridge University Press.
74. Laibson, David. 1997. "Golden Eggs and Hyperbolic Discounting." Quarterly Journal of Economics 112: 443-77.
75. Ledyard, John O. 1995. "Public Goods: A Survey of Experimental Research." Pp. 111-94 in The Handbook of Experimental Economics, ed. J. Kagel and A. Roth. Princeton: Princeton University Press.
76. Lichtenstein, Sarah, and Paul Slovic. 1973. "Response-Induced Reversals of Preferences in Gambling: An Extended Replication in Las Vegas." Journal of Experimental Psychology 101:16-20.
77. Loewenstein, George. 1987. "Anticipation and the Valuation of Delayed Consumption." Economic Journal 97:666-84.
78. Loewenstein, George. 1988. "Frames of Mind in Intertemporal Choice." Management Science 34:200-214.
79. Loewenstein, George, and Jon Elster, eds. 1992. Choice over Time. New York: Russell Sage.
80. Loewenstein, George, and Drazen Prelec. 1991. "Negative Time Preference." American Economic Review 82(2): 347-52.
81. Loewenstein, George, and Drazen Prelec. 1992. "Anomalies in Intertemporal Choice: Evidence and an Interpretation." Quarterly Journal of Economics 107:573-97.
82. Loewenstein, George, Drazen Prelec, and Roberto A. Weber. 1999. "What, Me Worry? A Psychological Perspective on Economic Aspects of Retirement." In Behavioral Dimensions of Retirement Economics, ed. Henry J. Aaron. Washington, D.C.: Brookings Institution Press.
83. Loewenstein, George, and Richard H. Thaler. 1989. "Anomalies: Intertemporal Choice." Journal of Economic Perspectives 3:181-93.
84. Mankiw, N. Gregory, Julio J. Rotemberg, and Lawrence H. Summers. 1985. "Intertemporal Substitution in Macroeconomics." Quarterly Journal of Economics 100:225-51.
85. Markowitz, Harry. 1952. "The Utility of Wealth." Journal of Political Economy 60:151-58.
86. Marwell, Gerald, and Ruth Ames. 1981. "Economists Free Ride, Does Anyone Else? " Journal of Public Economics 15:295-310.
87. Mehta, Judith, Chris Starmer, and Robert Sugden. 1994. "The Nature of Salience: An Experimental Investigation of Pure Coordination Games." American Economic Review 84:658-74.
88. Modigliani, Franco, and Richard Brumberg. 1954. "Utility Analysis and the Consumption Function: An Interpretation of Cross-Section Data." Pp. 388-436 in Post-Keynesian Economics, ed. K. Kuri-hara. New Brunswick, N.J.: Rutgers University Press.
89. Monro, A., and Robert Sugden. 1998. "A Theory of General Equilibrium with Reference-Dependent Preferences." University of East Anglia School of Economic and Social Studies Working Paper No. 9803.
90. O'Dean, Terry. 1998. "Are Investors Reluctant to Realize Their Losses?" Journal of Finance 53:1775-98.
91. Prelec, Drazen, and George Loewenstein. 1998. "The Red and the Black: Mental Accounting of Savings and Debt." Marketing Science 17(1): 4-28.
92. Rabin, Matthew. 1993. "Incorporating Fairness into Game Theory and Economics." American Economic Review 83:1281-1302.
93. Rabin, Matthew, and Ted O'Donoghue. 1999. "Doing It Now or Later." American Economic Review 89(1): 103-24.
94. Samuelson, Paul. 1937. "A Note on Measurement of Utility." Review of Economic Studies 4(11): 155-61.
95. Samuelson, Paul. 1954. "The Pure Theory of Public Expenditure." Review of Economics and Statistics 36(4): 350-56.
96. Samuelson, William, and Richard Zeckhauser. 1988. "Status Quo Bias in Decision Making." Journal of Risk and Uncertainty 1:7-59.
97. Schelling, Thomas C. 1960. The Strategy of Conflict. Cambridge: Harvard University Press.
98. Schelling, Thomas C. 1984. "Self-Command in Practice, in Policy, and in a Theory of Rational Choice." American Economic Review 74(2): 1-11.
99. Schleifer, Andrei. 2000. Inefficient Markets: An Introduction to Behavioral Finance. Oxford: Oxford University Press.
100. Shefrin, Hersh M., and Meir Statman. 1985. "The Disposition to Sell Winners Too Early and Ride Losers Too Long: Theory and Evidence." Journal of Finance 40:777-90.
101. Shiller, Robert J. 2000. Irrational Exuberance. Princeton: Princeton University Press.
102. Simon, Herbert A. 1955. "A Behavioral Model of Rational Choice." Quarterly Journal of Economics 69: 99-118.
103. Smith, Adam. [1776] 1994. An Inquiry into the Nature and Causes of the Wealth of Nations. New York: Random House.
104. Smith, Adam. [1759] 2000. The Theory of Moral Sentiments. Amherst, N.Y.: Prometheus Books.
105. Stephens, Melvin Jr., 2003. "'3rd of Tha Month': Do Social Security Recipients Smooth Consumption between Checks?" American Economic Review 93:406-22.
106. Sunstein, Cass R., ed. 2000. Behavioral Law and Economics. Cambridge: Cambridge University Press.
107. Thaler, Richard H. 1980. "Toward a Positive Theory of Consumer Choice." Journal of Economic Behavior and Organization 1:39-60.
108. Thaler, Richard H. 1981. "Some Empirical Evidence on Dynamic Inconsistency." Economic Letters 8:201-7.
109. Thaler, Richard H. 1992. The Winner's Curse. New York: Free Press.
110. Thaler, Richard H, ed. 1993. Advances in Behavioral Finance. New York: Russell Sage Foundation.
111. Thaler, Richard H., and Hersh M. Shefrin. 1981. "An Economic Theory of Self-Control." Journal of Political Economy 89:392-406.
112. Tversky, Amos, and Daniel Kahneman. 1991. "Loss Aversion in Riskless Choice: A Reference-Dependent Model." Quarterly Journal of Economics 106: 1039-61.
113. Van de Kragt, Alphons, John M. Orbell, and Robyn M. Dawes. 1983. "The Minimal Contributing Set as a Solution to Public Goods Problems." American Political Science Review 77:112-22.
114. Van Huyck, John B., Raymond C. Battalio, and Richard O. Beil. 1990. "Tacit Coordination Games, Strategic Uncertainty, and Coordination Failure." American Economic Review 80:234-48.
115. Van Huyck, John B., Raymond C. Battalio, and Richard O. Beil. 1991. "Strategic Uncertainty, Equilibrium Selection, and Coordination Failure in Average Opin-ion Games." Quarterly Journal of Economics 106: 885-911.
116. Von Neumann, John, and Oskar Morgenstern. 1944. Theory of Games and Economic Behavior. Princeton: Princeton University Press.
117. Weber, Roberto A., and Colin F. Camerer. 2003. "Cultural Conflict and Merger Failure: An Experimental Approach." Management Science 49: 400-415.
118. Yezer, Anthony, Robert Goldfarb, and Paul Poppen. 1996. "Does Studying Economics Discourage Cooperation? Watch What We Do, Not What We Say or How We Play." Journal of Economic Perspectives 10(1): 177-86.