Psychology, Rationality and Economic Behaviour

Challenging Standard Assumptions

  • Bina Agarwal
  • Alessandro Vercelli

Part of the International Economic Association Series book series (IEA)

Table of contents

  1. Front Matter
    Pages i-xiii
  2. Introduction

    1. Bina Agarwal, Alessandro Vercelli
      Pages 1-15
  3. Analytical Models and Methodological Issues

    1. Front Matter
      Pages 17-17
    2. Roland Bénabou, Jean Tirole
      Pages 19-57
    3. Alessandro Vercelli
      Pages 58-83
    4. Oded Stark, You Qiang Wang, Yong Wang
      Pages 84-105
  4. Laboratory and Field Experiments

    1. Front Matter
      Pages 153-153
    2. Ernst Fehr, Jean-Robert Tyran
      Pages 155-180
    3. Alexander Kritikos, Friedel Bolle
      Pages 181-194

About this book


Economics has paid little attention to the psychology of economic behaviour, leading to somewhat simplistic assumptions about human nature. The psychological aspects have typically been reduced to standard utility theory, based on a narrow conception of rationality and self-interest maximization. The contributions in this volume, some focused on analytical models and methodology, others on laboratory and field experiments, challenge these assumptions, and provide novel and complex understandings of human motivation and economic decision-making. With a pioneering introduction by the book's two editors, this volume brings together exciting contributions to a field that is rapidly growing in influence and reach.


econometrics economics experiment production research utility utility theory

Editors and affiliations

  • Bina Agarwal
    • 1
  • Alessandro Vercelli
    • 2
  1. 1.Institute of Economic GrowthUniversity of DelhiIndia
  2. 2.University of SienaItaly

Bibliographic information