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Austrian behavioral economics
Journal of Institutional Economics ( IF 2.4 ) Pub Date : 2021-02-26 , DOI: 10.1017/s1744137421000084
Glen Whitman 1
Affiliation  

This paper explores the potential for gains from trade between Austrian and behavioral economics, with a focus on how the two schools of thoughts can constructively critique each other. Among other things, the Austrian critique of behavioral economics would urge it to jettison its restrictive and axiomatic definition of rationality, and to treat humans as active agents rather than passive recipients of environmental and cognitive influences. Meanwhile, the behavioral critique of Austrian economics would push it to take more seriously the fundamental question of how individuals arrive at choices and to analyze how such choices can interact with ‘micro-institutional’ choice environments.



中文翻译:

奥地利行为经济学

本文探讨了奥地利经济学与行为经济学之间的贸易收益潜力,重点关注这两种思想流派如何能够建设性地相互批评。除其他外,奥地利对行为经济学的批评将敦促它抛弃其对理性的限制性和公理化定义,并将人类视为主动的主体,而不是环境和认知影响的被动接受者。同时,对奥地利经济学的行为批判将促使它更严肃地对待个人如何做出选择的基本问题,并分析这些选择如何与“微观制度”选择环境相互作用。

更新日期:2021-02-26
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