scholarly journals Behavioral Economic Theory: a Methodological Breakthrough or Extension of the Boundaries of Dominant Orthodoxy?

2019 ◽  
pp. 28-33
Author(s):  
O. Nesterenko ◽  
M. Zdvizova
Keyword(s):  
Economic Theory ◽  
Interdisciplinary Approach ◽  
Economic Behavior ◽  
Behavioral Approach ◽  
Ordinary People ◽  
Economic Study ◽  
Behavioral Economic ◽  
Modern Economic ◽  
Definition Of ◽  
Behavioral Economic Theory

The article is devoted to the analysis of the place of behavioral approach in the structure of modern economic study. The evolution of views on the essence of economic behavior of individuals is desc ribed and the peculiarities of approaches to its definition of different economic schools are analyzed. The comparative analysis of behavioral and neoclassical approaches is presented; the peculiarity of the used method is the presentation of the neoclassical direction not in the aggregate, but as two main branches – cardinal and ordinal, which allowed for a more detailed analysis. The analysis revealed differences and some similarity of these directions of research. According to the findings, it is concluded that the behavioral approach is not the complete opposite of the neoclassical, but has a significant number of features close to the ideas of ordinary people, so it can be considered as a natural continuation of established ideas deepened through the use of an interdisciplinary approach. The article also outlines possible options for the development of neoclassical and behavioral approaches and the current issues for further research.

scholarly journals DISAPPOINTMENT AVERSION PREMIUM PRINCIPLE

2015 ◽  
Vol 45 (3) ◽  
pp. 679-702 ◽  
Author(s):  
Ka Chun Cheung ◽  
Wing Fung Chong ◽  
Robert Elliott ◽  
Sheung Chi Phillip Yam
Keyword(s):  
Economic Theory ◽  
Expected Utility ◽  
Translation Invariance ◽  
Regulatory Requirement ◽  
Behavioral Economic ◽  
Disappointment Aversion ◽  
Explicit Representations ◽  
Behavioral Economic Theory

AbstractIn recent years, the determination of premium principle under various non-expected utility frameworks has become popular, such as the pioneer works by Tsanakas and Desli (2003) and Kaluszka and Krzeszowiec (2012). We here revisit the problem under another prevalent behavioral economic theory, namely the Disappointment Aversion (DA) Theory proposed by Gul (1991). In this article, we define and study the properties of theDA premium principle, which builds on the equivalent utility premium principle. We derive various properties of this premium principle, such as non-negative and no unjustified risk loading, translation invariance, monotonicity, convexity, positive (non-)homogeneity, independent (non-)additivity, comonotonic (non-)additivity and monotonicity with respect to the extent of disappointment. A generalized Arrow–Pratt approximation is also established. Explicit representations of the premium principle are obtained for linear and exponential utilities, and they reveal that the premium principle proposed echoes the capital reserve regulatory requirement in practice.

ENTERPRISE COMPETITIVENESS IN THE TIMBER INDUSTRY

2020 ◽  
Vol 2 (11) ◽  
pp. 37-44
Author(s):  
E. N. GRISHINA ◽  
◽  
P. Yu. GROSHEVA ◽  
M. V. DANILOVA ◽  
A. L. PROKOPYEVA ◽  
...  
Keyword(s):  
Economic Theory ◽  
Timber Industry ◽  
Modern Economic ◽  
Enterprise Competitiveness ◽  
Definition Of

The article describes different approaches to the definition of enterprise competitiveness in the modern economic theory. The definition is specified as multifactorial. The factors shaping the enterprise competitiveness in the timber industry are analyzed and systematized. Author’s interpretation for definition of “enterprise competitiveness in the timber industry” is provided.

scholarly journals Feasibility of implementing a behavioral economics mobile health platform for individuals with behavioral health conditions

2021 ◽  
Vol 11 (3) ◽  
pp. 505-510
Author(s):  
Barry Granek ◽  
Aja Evans ◽  
Jorge Petit ◽  
Mary Crawford James ◽  
Yixuan (Matt) Ma ◽  
...  
Keyword(s):  
Economic Theory ◽  
Behavioral Economics ◽  
Behavioral Health ◽  
Mobile Technology ◽  
Mobile Health ◽  
Financial Incentives ◽  
Health Conditions ◽  
Health Habits ◽  
Behavioral Economic ◽  
Behavioral Economic Theory

AbstractCoordinated Behavioral Care’s (CBC) Pathway Home™ (PH) program partnered with Wellth, Inc., a mobile health platform grounded in behavioral economics theory, to help individuals with behavioral health conditions build and reinforce health habits by providing daily reminders to take medication, requiring tasks (photos demonstrating remembrance), and providing financial incentives tied to behaviors. CBC made Wellth, Inc. available to individuals enrolling in its PH program for the purpose of demonstrating the feasibility of implementing a novel mobile technology grounded in behavioral economic theory to increase habits of health activities, such as taking medication, among adults with behavioral health conditions.

scholarly journals EVOLUTION OF BEHAVIORAL ECONOMIC THEORY

2018 ◽  
Vol 12 (1) ◽  
pp. 23-27
Author(s):  
Irina Rezanovich ◽  
Evgeniy Rezanovich ◽  
Alevtina Keller ◽  
Irina Savelieva
Keyword(s):  
Economic Theory ◽  
Behavioral Economic ◽  
Behavioral Economic Theory

scholarly journals DEVELOPMENT OF MARGINALISM IDEAS AND THEIR REFLECTION IN DOMESTIC ECONOMIC THOUGHT

2021 ◽  
Author(s):  
Liudmyla Krot
Keyword(s):  
Economic Theory ◽  
Economic Thought ◽  
Economic Behavior ◽  
Economic Research ◽  
Wide Field ◽  
Labor Theory Of Value ◽  
Labor Theory ◽  
World Economic ◽  
Modern Economic ◽  
Theory Of Value

In the conditions of transformational shifts and construction of the national competitive economy of Ukraine, society is a particularly attractive object for socio-economic research. The necessity of deep theoretical comprehension of the processes that take place and determination of the directions of further development of the domestic economy through the reference to the historical experience of studying market transformations by domestic economists is substantiated. There is a tendency of revival of scientific interest in historical and economic research in modern economic theory, where Ukrainian economic thought opens a wide field for scientific research. The aim of the article is to study the development of the ideas of marginalism and their reflection in the domestic economic thought in the works of representatives of the Kyiv School of Economics. The article presents the evolution of the theoretical and methodological foundations of the stages of the marginal revolution. It is noted that in Ukraine there were also powerful scientific centers of marginal orientation. It is claimed that the Kyiv School of Economics, headed by M. H. Bunge and D. I. Pikhno, initiated the subjective-psychological direction of political economy in Ukraine. It is determined that the peculiarity of O. Bilimovich's scientific thought was the complete denial of the labor theory of value. The article states that MI Tugan-Baranovsky has the primacy in the deep substantiation and creation of the synthesis of the labor theory of value and theories of marginal utility. It is noted that the combination of objective and subjective approaches on a methodological basis allowed him to avoid one-sided economic research. It is emphasized that the views of M. Tugan-Baranovsky in this problem were characterized by both undeniably powerful and theoretically weak aspects. Based on the study, it was concluded that marginalism as a powerful direction in the development of world economic theory had its own peculiarities of perception and development in Ukrainian economic thought of the second half of the nineteenth - early twentieth century. Research has revealed a critical perception of methodological individualism as a characteristic feature of the scientific tools of marginalism. It is noted that the fundamental ideas of marginalism in the Ukrainian economic thought of the second half of the XIX - early XX centuries. combined with the methods of the new historical and social schools. The article notes that at that time Ukrainian scientists took into account the influence of non-economic factors on the economic behavior of economic entities,

scholarly journals Using behavioral economic theory to increase use of effective contraceptives among opioid-maintained women at risk of unintended pregnancy

2016 ◽  
Vol 92 ◽  
pp. 62-67 ◽  
Author(s):  
Sarah H. Heil ◽  
Dennis J. Hand ◽  
Stacey C. Sigmon ◽  
Gary J. Badger ◽  
Marjorie C. Meyer ◽  
...  
Keyword(s):  
At Risk ◽  
Economic Theory ◽  
Unintended Pregnancy ◽  
Behavioral Economic ◽  
Behavioral Economic Theory

scholarly journals Evolutionary Behavioral Economics

2016 ◽  
Author(s):  
Terence C. Burnham ◽  
Stephen E. G. Lea ◽  
Adrian V. Bell ◽  
Herbert Gintis ◽  
Paul W. Glimcher ◽  
...  
Keyword(s):  
Economic Theory ◽  
Behavioral Economics ◽  
Evolutionary Theory ◽  
Behavioral Science ◽  
Interdisciplinary Approach ◽  
Economic Behavior ◽  
Complex Systems Theory ◽  
Core Concepts ◽  
Insight Into ◽  
Considerable Insight

This chapter explores how the economic model of individual behavior can be improved by incorporating a number of insights from evolutionary theory and complex systems theory. Insights from psychology, the neurosciences, and the behavioral strand of economics may be better understood from an evolutionary and complexity perspective. It takes an integrated interdisciplinary approach to economic phenomena. Core concepts in economic theory (preference and choice) are clarified and Tinbergen’s “four questions” about the origins of behavior are used to provide a framework. Informed by Tinbergen, areas from behavioral science are presented which may be useful for understanding economic behavior: some are directly evolutionary, while others come from scientific contexts informed by evolutionary theory. Each area has yielded well researched ideas that provide considerable insight into human nature. It concludes with a review of where research stands today and where it could be directed in the future.

scholarly journals METHODOLOGICAL PRINCIPLE OF BUDDHISM AS AN ALTERNATIVE APPROACH IN MODERN ECONOMIC THEORY

2017 ◽  
Vol 9 (2) ◽  
pp. 15-26
Author(s):  
Daria Pokaninova
Keyword(s):  
Economic Theory ◽  
Economic Behavior ◽  
Limited Resources ◽  
Methodological Principle ◽  
Neoclassical Economics ◽  
Economic Factors ◽  
Alternative Approach ◽  
Modern Economic ◽  
Alternative Theories ◽  
Four Noble Truths

The article discusses the provisions of Buddhist economics as an alternative approach in modern economic theory. These provisions are derived from the basic doctrines of Buddhism such as the Four Noble Truths and the Noble Eightfold Path. The article also contains a comparison of Buddhist economics and neoclassical economics, which leads to the conclusion that Buddhist economics pays more attention to the issues of limited resources, accounting for non-economic factors of economic behavior, improving the welfare of society and externalities. These factors are relevant for the modern economics and are also considered by representatives of other alternative theories.

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