Posts Tagged ‘Experimental economics’
Would you believe that one would invest years of time and energy to study an older economics writer in the hope to get the Nobel Prize? Well, that sounds pretty unlikely… Everyone in the history of economics community complains that the field is so disregarded these days. The Nobel prize, don’t even think about it. […]
Filed under: Consumer behaviour, Economic theory, Philosophy of economics | Leave a Comment
Tags: Behavioral economics, Consumer choice, Consumer demand, Economic analysis, economic methodology, Experimental economics, History of economics
Randomness in consumer choice
Would it be reasonable for a social scientist to study human behaviours and interactions under the assumption that people make choices at random –that is, they just pick up an option from a given probability distribution? Few social scientists would go as far as to think this could be a realistic representation of how we […]
Filed under: Economic theory, Philosophy of economics, Social science methodology | Leave a Comment
Tags: Consumer choice, Consumer demand, Economic analysis, economic methodology, Experimental economics, History of economics, Random choice, Rational choice
What is heterodox economics?
At a conference on economic governance last week, “heterodox economics” was mentioned, and a colleague from another discipline asked what is meant by this expression. The standard answer (also heard the other day), is that heterodox economists share a strong opposition to neoclassical theory but belong to diverse schools of thought, ranging from post-Keynesian and […]
Filed under: Philosophy of economics | Leave a Comment
Tags: Behavioral economics, Economic governance, economic methodology, Experimental economics, randomized trials
