A teoria da perspectiva e as mudanças de preferência no mainstream: um prospecto Lakatoseano

<abstract language="eng">The theory of the perspective and the changes of preference in the mainstream: a Lakatosean prospect. For many decades over the 20th Century, the mainstream of economics adopted a normative and axiomatic theory of individual behavior in which maximizing proce...

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Main Authors: Bruno Berger, Huáscar Fialho Pessali
Format: Article
Language:English
Published: Editora 34 2010-06-01
Series:Brazilian Journal of Political Economy
Subjects:
Online Access:http://www.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572010000200010
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spelling doaj-bb4644a9ba764bc09be360580a897c502020-11-24T21:04:26ZengEditora 34Brazilian Journal of Political Economy0101-31571809-45382010-06-0130234035610.1590/S0101-31572010000200010A teoria da perspectiva e as mudanças de preferência no mainstream: um prospecto LakatoseanoBruno BergerHuáscar Fialho Pessali<abstract language="eng">The theory of the perspective and the changes of preference in the mainstream: a Lakatosean prospect. For many decades over the 20th Century, the mainstream of economics adopted a normative and axiomatic theory of individual behavior in which maximizing procedures were carried out by rationally unbounded agents. This status has been challenged on many grounds and alternative views from fields like psychology have found a way into the core of economics research frontier. Prospect theory, developed by psychologists Daniel Kahneman and Amos Tversky since the 1970s, has provided a more empirical, inductive and descriptive theory of decision making. It has made significant inroads into mainstream microeconomics, shaking the habits of some of its practitioners. This paper first takes stock of its main developments and then uses a Lakatosian framework to draw out its negative and positive heuristics. In what follows, its heuristics are compared to those of traditional rational decision-making theories. The differences between them are highlighted, pointing to changes in the mainstream of the profession and to new opportunities for research.http://www.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572010000200010decision makingprospect theorybehavioral economicsexperimental economicsexpected utility theory
collection DOAJ
language English
format Article
sources DOAJ
author Bruno Berger
Huáscar Fialho Pessali
spellingShingle Bruno Berger
Huáscar Fialho Pessali
A teoria da perspectiva e as mudanças de preferência no mainstream: um prospecto Lakatoseano
Brazilian Journal of Political Economy
decision making
prospect theory
behavioral economics
experimental economics
expected utility theory
author_facet Bruno Berger
Huáscar Fialho Pessali
author_sort Bruno Berger
title A teoria da perspectiva e as mudanças de preferência no mainstream: um prospecto Lakatoseano
title_short A teoria da perspectiva e as mudanças de preferência no mainstream: um prospecto Lakatoseano
title_full A teoria da perspectiva e as mudanças de preferência no mainstream: um prospecto Lakatoseano
title_fullStr A teoria da perspectiva e as mudanças de preferência no mainstream: um prospecto Lakatoseano
title_full_unstemmed A teoria da perspectiva e as mudanças de preferência no mainstream: um prospecto Lakatoseano
title_sort teoria da perspectiva e as mudanças de preferência no mainstream: um prospecto lakatoseano
publisher Editora 34
series Brazilian Journal of Political Economy
issn 0101-3157
1809-4538
publishDate 2010-06-01
description <abstract language="eng">The theory of the perspective and the changes of preference in the mainstream: a Lakatosean prospect. For many decades over the 20th Century, the mainstream of economics adopted a normative and axiomatic theory of individual behavior in which maximizing procedures were carried out by rationally unbounded agents. This status has been challenged on many grounds and alternative views from fields like psychology have found a way into the core of economics research frontier. Prospect theory, developed by psychologists Daniel Kahneman and Amos Tversky since the 1970s, has provided a more empirical, inductive and descriptive theory of decision making. It has made significant inroads into mainstream microeconomics, shaking the habits of some of its practitioners. This paper first takes stock of its main developments and then uses a Lakatosian framework to draw out its negative and positive heuristics. In what follows, its heuristics are compared to those of traditional rational decision-making theories. The differences between them are highlighted, pointing to changes in the mainstream of the profession and to new opportunities for research.
topic decision making
prospect theory
behavioral economics
experimental economics
expected utility theory
url http://www.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572010000200010
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