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Identifier

000385153

Title

Behavioral economics : how modern economics turned towards empiricism with the contribution of psychology

Author

Σπυριδάκης, Κωνσταντίνος-Παναγιώτης

Thesis advisor

Δ. Μυλωνάκης

Reviewer

Σ. Λαπατσιώρας

Reviewer

Φ. Κουτεντάκης

Abstract

Economics came to be the modern formalistic science of today, by among other things, gradually excluding notions related to psychological literature. In doing so, although it managed to create universal theories that expanded to other disciplines, it lost in realistic foundations. The purpose of this thesis is to present how, despite this early dichotomy between the two sciences, psychology’s contribution can help to shape modern economics by providing an empirical foundation and enriching the understanding of human behavior. Economics literature at least in the field of behavioral and experimental economics, is turning towards empirical research and experimentation. We conclude that as this shift has made some roads into microeconomics, although it is still excluded from most economics textbooks, after the 2008 financial crisis and the doubt that spread over the usefulness of the dominant theories in finance, the same may happen to the rest of Economics as the behavioral approach is becoming even more mainstream

Language

English

Subject

Behavioral

Συμπεριφορικά

Issue date

2014

Collection

School/Department--School of Social Sciences--Department of Economics--Post-graduate theses

Type of Work--Post-graduate theses

Permanent Link

https://elocus.lib.uoc.gr//dlib/e/5/3/metadata-dlib-1403517355-743619-30526.tkl