Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5052766 | Economic Analysis and Policy | 2014 | 12 Pages |
Abstract
Interpreted by a sociologist, this paper intends to sketch and discuss the main ideas behind behavioural economics, asking who will ultimately benefit from this field of knowledge; the consumers through authorities' implementation of supportive measures; or marketing people taking advantage of this knowledge? While sociologists try to understand how individual choices are affected, restricted or determined by structures, traditions and norms; behavioural economists point to cognitive mechanisms within individuals to explain non-rational choices. This article claims that behavioural economics would improve by incorporating sociological knowledge and approaches.
Related Topics
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Economics, Econometrics and Finance
Economics and Econometrics
Authors
Lisbet Berg,