Re: [Pen-l] Behavioral Economics [was: methodological individualism & schools]

[Michael Perelman <michael@xxxxxxxxxxxxxxxxx>]

I took the gist of the article that behavioral economics goes beyond 
individualism, but that it does not "nudge" the community of economists 
(which would be a contradition) to go beyond individualism.

On Fri, Feb 27, 2009 at 04:18:45PM -0800, Jim Devine wrote:
> michael perelman quoted:
> On the other hand, if "rational" involves individualism, then
> behavioral economics gets beyond that. Some experimenters have found
> that individuals in general have (and act on) standards of fairness.
> By its very nature, since it involves interpersonal relations,
> "fairness" gets beyond individualism.
> 
> That said, the experimenters are in general wedded to talking about
> individuals and ignoring social institutions.
> -- 
> Jim Devine / "Segui il tuo corso, e lascia dir le genti." (Go your own
> way and let people talk.) -- Karl, paraphrasing Dante.
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-- 
Michael Perelman
Economics Department
California State University
Chico, CA 95929

Tel. 530-898-5321
E-Mail michael at ecst.csuchico.edu
michaelperelman.wordpress.com
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