Sendhil Mullainathan'S paper does a terrific job of acquainting the reader with concepts in behavioral economICS. Sendhil is one of the young wizards pioneering behavioral economics in nvo directions (which those of us working in behavioral economics since the 1980s have been hoping would emerge for years)-formalizmg psychology mathematically in a way that makes it directly useful in economic t...

Amos Tversky investigated and explained a wide range of phenomena that lead to anomalous human decisions. His two most significant contributions, both written with Daniel Kahneman, are the decision-making heuristics—representativeness, availability, and anchoring—and prospect theory. Tversky’s concepts have broadly influenced the social sciences. In economics, they gave rise to the burgeoning f...

Socio-economics aims to understand the interplay between the society, economy, markets, institutions, self-interest, and moral commitments. It is a multi-disciplinary field using methods from economics, psychology, sociology, history, and even anthropology. Socio-economics of networks have been studied for over 30 years, but mostly in the context of social networks instead of the underlying com...

" The difference between economics and psychology is that we psychologists never start our talks with assumptions that are wrong. " " That's because you psychologists never make any assumptions at all. " Apocryphal

Climate change is occurring: where is psychology? The conventional wisdom is that amelioration of the impacts of climate change is a matter for earth and ocean science, economics, technology, and policy-making. This article presents the basis for psychological science as a key part of the solution to the problem and describes the challenges to this both from within psychology and from other poi...

Sabrina Strang,* Jörg Gross,* Teresa Schuhmann, Arno Riedl, Bernd Weber, and Alexander T. Sack Center for Economics and Neuroscience, University of Bonn, 53127 Bonn, Germany, Department of Cognitive Neuroscience, Faculty of Psychology and Neuroscience, Maastricht University, 6200 MD Maastricht, The Netherlands, Department of Economics (AE1), School of Business and Economics, Maastricht Universi...

Complete List of Authors: Galli, Giulia; Kingston University, Department of Psychology Santarnecchi, Emiliano; Harvard University, Berenson-Allen Center for Non-Invasive Brain Stimulation Feurra, Matteo; National Research University Higher School of Economics, School of Psychology Bonifazi, Marco; Azienda Ospedaliera Universitaria Senese, Neurologia e Neurofisiologia Clinica Rossi, Simone; Azie...

1 Ghent University, Department of Agricultural Economics, Coupure links 653, B-9000 Gent, Belgium 2 University of Surrey, School of Psychology, Guildford Surrey, GU2 7XH, United Kingdom 3 International Rice Research Institute (IRRI), Los Baños, Laguna, Philippines 4 CIS-IUL, Instituto Universitario de Lisboa, 1649-026, Lisbon, Portugal 5 University of Évora, Department of Pyschology, 7005-345 É...

In the 1970s, experimental economics split from social psychology by embracing rational choice and equilibrium methods. Behavioral economics has recently narrowed the divide, to the dismay of some. The present paper argues that evolutionary dynamics provides a framework which unifies the best features of social psychology with equilibrium and rational choice. Ongoing research in cheating in mar...