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 THE EVOLUTION OF HOMO ECONOMICUS

2016 ◽  
pp. 129-142
Author(s):  
N. V. Komarovskaia
Keyword(s):  
Decision Making ◽  
Behavioral Economics ◽  
Human Behavior ◽  
Law And Economics ◽  
Interdisciplinary Approach ◽  
Economic Thought ◽  
Economic Behavior ◽  
Economic Research ◽  
Homo Economicus ◽  
Economic Decision Making

The article provides a review of the ways in which interdisciplinary research in modern economic thought gives a more realistic understanding of human behavior and economic decision making. On the one hand, economic imperialism drove wider application of economics methods across social sciences and brought about new interdisciplinary fields, such as law and economics, economic sociology, public choice theory, etc. On the other hand, the origin of behavioral economics, experimental economics, and neuroeconomics bridging psychology, neurobiology, and economics influences the change in the methodology used by the economics itself and fuels transformation of the model of rational economic behavior 'homo economicus', one of the central assumptions of the neoclassical economics. George Akerlof and Robert Shiller's animal spirits, prospect theory of Daniel Kahneman and Amos Tversky, research by Amartya Sen, Daniel McFadden, Vernon Smith, and other economists focusing on decision making either significantly limit, or supplement the homo economicus concept providing a deeper insight into the nature of human rationality. Behavioral economics has already become so strong as a separate discipline that it can be classified into two streams - Classical and Modern, and its main principles should be incorporated into a basic course of traditional economics. The achievements of behavioral economics yield higher quality of economic research and forecasting. Interdisciplinary approach to the human behavior studies and transformation of homo economicus offer new tools for the development policy making.

scholarly journals On the Influence of Metamodernity on Institutional Economic Theory

2021 ◽  
pp. 69-76
Author(s):  
Svetlana L. Sazanova
Keyword(s):  
Economic Theory ◽  
Interdisciplinary Approach ◽  
Emotional Reactions ◽  
Economic Behavior ◽  
Economic Research ◽  
Economic Science ◽  
Economic Agents ◽  
Institutional Economic ◽  
The Times

The article analyses the influence of the philosophy of metamodernism on the institutional economic theory. The author considered the philosophy of metamodernism as a complex of ideas that form the “spirit of the times” – ​the “era of metamodernity”, which is an external environment in relation to institutional economic theory. Having analyzed the key characteristics of modernity and postmodernity, the author proved that metamodernity is not only a synthesis of the philosophical ideas of modernity and postmodernity, but also a new worldview that embraces the entire socio-economic reality. The author formulated the features of the era of metamodernity in the context of economics-society-institutions. The author found that under the influence of the ideas of metamodernity, there have been changes in the motivation of economic agents: from the satisfaction of subjective preferences to the search for new emotional reactions. This, in turn, led to changes in collective (social) economic behavior: rejection of traditional values in favor of values of self-expression, rejection of long-term relationships in favor of long-term ones. According to the author, changes in individual and collective economic behavior occur in parallel with institutional changes at the micro, meso and macro levels: hierarchical institutional structures are being replaced by socio-economic and business ecosystems. Exploring the evolution of economic science in the context of evolution from modern philosophy to postmodern and metamodern philosophy, the author revealed the influence of the ideas of metamodernity on modern economic theory in general and institutional economic theory in particular. The author found that under the influence of the ideas of metamodernity, changes occur in the object and subject of economic research, which requires the improvement of the methodology of institutional economic theory based on an interdisciplinary approach.

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.

Beyond Market: Institutions of Governance in the Complex World (Nobel Memorial Prize in Economics 2009 - Oliver Williamson and Elinor Ostrom)

2010 ◽  
pp. 82-98 ◽  
Author(s):  
Ya. Kuzminov ◽  
M. Yudkevich
Keyword(s):  
Economic Theory ◽  
Behavioral Economics ◽  
Nobel Prize ◽  
Organization Theory ◽  
Development Studies ◽  
Complex World ◽  
Market Institutions ◽  
Institutional Economic

The article surveys the main lines of research conducted by Oliver Williamson and Elinor Ostrom - 2009 Nobel Prize winners in economics. Williamsons and Ostroms contribution to understanding the nature of institutions and choice over institutional options are discussed. The role their work played in evolution of modern institutional economic theory is analyzed in detail, as well as interconnections between Williamsons and Ostroms ideas and the most recent research developments in organization theory, behavioral economics and development studies.

Kornai, Schumpeter, and Economic Theory

2012 ◽  
pp. 145-152 ◽  
Author(s):  
V. Maevsky
Keyword(s):  
Economic Theory ◽  
Economic System ◽  
Evolutionary Theory ◽  
Economic Models ◽  
Macro Level ◽  
Mainstream Economic ◽  
Level Of Analysis

The author claims that J. Kornai in his paper Innovation and Dynamism (Voprosy Ekonomiki. 2012. No 4) ignored the understanding of socialism as a specific type of culture and not just as an economic system. He also shows profound differences between Schumpeters theory and mainstream economic models. Evolutionary theory, he claims, may itself become mainstream if Schumpeters legacy is not interpreted straightforwardly and if evolutionary economists consider not only micro-, but also macro-level of analysis in studying macrogenerations of capital of a different age.

scholarly journals Insight into Glutamatergic Involvement in Rewarding Effects of Mephedrone in Rats: In Vivo and Ex Vivo Study

2021 ◽  
Author(s):  
Olga Wronikowska ◽  
Maria Zykubek ◽  
Agnieszka Michalak ◽  
Anna Pankowska ◽  
Paulina Kozioł ◽  
...  
Keyword(s):  
Ex Vivo ◽  
Interdisciplinary Approach ◽  
Nmda Antagonist ◽  
Exchange Chromatography ◽  
Resonance Spectroscopy ◽  
Monoamine Transporters ◽  
Ex Vivo Study ◽  
Insight Into

AbstractMephedrone is a widely used drug of abuse, exerting its effects by interacting with monoamine transporters. Although this mechanism has been widely studied heretofore, little is known about the involvement of glutamatergic transmission in mephedrone effects. In this study, we comprehensively evaluated glutamatergic involvement in rewarding effects of mephedrone using an interdisciplinary approach including (1) behavioural study on effects of memantine (non-selective NMDA antagonist) on expression of mephedrone-induced conditioned place preference (CPP) in rats; (2) evaluation of glutamate concentrations in the hippocampus of rats following 6 days of mephedrone administration, using in vivo magnetic resonance spectroscopy (MRS); and (3) determination of glutamate levels in the hippocampus of rats treated with mephedrone and subjected to MRS, using ion-exchange chromatography. In the presented research, we confirmed priorly reported mephedrone-induced rewarding effects in the CPP paradigm and showed that memantine (5 mg/kg) was able to reverse the expression of this effect. MRS study showed that subchronic mephedrone administration increased glutamate level in the hippocampus when measured in vivo 24 h (5 mg/kg, 10 mg/kg and 20 mg/kg) and 2 weeks (5 mg/kg and 20 mg/kg) after last injection. Ex vivo chromatographic analysis did not show significant changes in hippocampal glutamate concentrations; however, it showed similar results as obtained in the MRS study proving its validity. Taken together, the presented study provides new insight into glutamatergic involvement in rewarding properties of mephedrone.

A general iterative time-independent perturbation theory

1985 ◽  
Vol 63 (9) ◽  
pp. 1157-1161 ◽  
Author(s):  
F. Castaño ◽  
L. Laín ◽  
M. N. Sanchez ◽  
A. Torre
Keyword(s):  
Perturbation Theory ◽  
Power Series ◽  
Iterative Method ◽  
Perturbation Methods ◽  
Lennard Jones ◽  
Insight Into ◽  
Considerable Insight

An iterative method for time-independent perturbation theory is presented. Lennard-Jones–Brillouin–Wigner (LBW) and Rayleigh–Schrödinger (RS) power series are shown to be particular cases of the iteration and the combined expansion–iteration. Improvements in convergence of the power series are suggested and analyzed.The iterative method gives considerable insight into the nature and relative convergence of the currently used time-independent perturbation methods.

scholarly journals Characterisations in Britain of Isaac Newton’s Approach to Physical Inquiry in the Principia between 1687 and 1713

2021 ◽  
Vol 26 (4) ◽  
pp. 341-372
Author(s):  
Jip van Besouw ◽  
Steffen Ducheyne
Keyword(s):  
Historical Record ◽  
Public Perceptions ◽  
Philosophical Approach ◽  
The Impact ◽  
Insight Into ◽  
Considerable Insight

Abstract In order to gain a better understanding of the impact and circulation of the first edition of the Principia, we offer an analysis of public perceptions in Britain of Isaac Newton’s approach to physical inquiry in the Principia between the appearance of its first and second editions, in 1687 and 1713, respectively. We treat Newton’s readers as actors with distinctive scholarly backgrounds and interests rather than as followers or popularisers of a “Newtonian philosophy,” a label we find to be largely absent in the historical record before 1713, when it was purposefully used by Roger Cotes in his preface to the second edition of the Principia. Through our survey, we gain considerable insight into how Newton’s readers characterised the Principia and its author. We establish that British readers of the first edition of the Principia ascribed a relatively stable and interrelated number of characteristics to Newton’s natural philosophical approach, although different readers emphasised different things. We also show that the most detailed accounts of Newton’s natural philosophical approach were, not surprisingly, given in polemical contexts. We find that it is only at the very end of this period, and in polemical contexts, that the notion of a “Newtonian philosophy” with a specific and pathbreaking approach to physical inquiry arose.

scholarly journals An overview of behavioral economics in Dutch policy making. the next step: how to nudge policy makers

2016 ◽  
Vol 10 (2-3) ◽  
pp. 27-31 ◽  
Author(s):  
Natasha Els Stroeker
Keyword(s):  
Behavioral Economics ◽  
Policy Making ◽  
Behavioral Science ◽  
Dutch Government ◽  
Science Knowledge ◽  
Policy Makers ◽  
Structural Integration ◽  
Dutch Policy ◽  
The Government ◽  
The Uk

This article describes the beginning of the influence of behavioral economics on the Dutch government. This started in the period that the UK started with its Behavioral Insights Team (BIT UK). The article presents explanation of the concept “nudging” and the way this is integrated in Dutch policy. Also leading publications and examples of how behavioral economics is used in policy making are presented. The advice of the government in 2014 on how to ensure a structural integration of behavioral science knowledge in policy is part of the next step. The next step contains two main parts: 1. How to nudge policy makers and 2. Embedding nudges in policy making on four aspects: positioning, projects, performance and professionality.

scholarly journals GIS as an educational tool: Mapping cultural sites in greek space-time

2017 ◽  
Vol 47 (2) ◽  
pp. 1017
Author(s):  
L. Galani ◽  
K. Theodorakopoulou ◽  
A. Skentos ◽  
G. Kritikos ◽  
K. Pavlopoulos
Keyword(s):  
Interdisciplinary Approach ◽  
Space Time ◽  
Historical Research ◽  
Educational Tool ◽  
Cultural Sites ◽  
Spatial Changes ◽  
Core Concepts ◽  
Sense Of Time ◽  
Historical Education ◽  
Temporal And Spatial

This paper deals with the cartographical presentation of cultural succession in Greek space-time associated with core concepts of geographic and historical education. The pedagogic value of this study is to develop five distinct skills: sense of time-scale, historical and geographic comprehension, spatial analysis and interpretation, ability to perform geo-historical research, and procedure of geohistorical decision-making. The methodology is based on the calibration of a set of criteria for each cultural site that covers the topics of economy, geomorphology, society, religion, art and science. Further analysis of these data forms a geodatabase. In addition, palaeogeographic and historical maps of the cultural sites derived by the geodatabase provide information about temporal and spatial changes. As result, students will be able to develop a multidimensional and interdisciplinary approach, in order to reconstruct the evolution of the site

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