Economics Dictionary of Arguments

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Behavioral economics: Behavioral economics is a field that combines insights from psychology and economics to study how individuals deviate from purely rational decision-making, examining real-world behavior and biases.
Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments.

Author Concept Summary/Quotes Sources

Albert O. Hirschman on Behavioral Economics - Dictionary of Arguments

Brocker I 526
Behavioural Economics/Hirschman: long before modern behavioural economics came onto the scene, Albert O. Hirschman formulated terms that can be used in discussions today.
: migration, conflict, loyalty. See also Conflicts/Hirschman.
For example, emigration of consumers, party members, voters: loyalty delays emigration and makes return more difficult. (1)
Example: from the difficult entry into an organization follows a tendency to self-deception about the true quality of the referred achievement.
Homo oeconomicus/HirschmanVsTradition: this term dissolves under Hirschman's analyses. He is replaced by the actor whose behaviour is changeable.
Brocker I 527
Panther: for a theory of rational action, this is hard to digest.

1. Albert O. Hirschman, Exit, Voice, and Loyalty. Responses to Decline in Firms, Organizations, and States, Cambridge, Mass. 1970. Dt.: Albert O. Hirschman, Abwanderung und Widerspruch. Reaktionen auf Leistungsabfall bei Unternehmungen, Organisationen und Staaten, Tübingen 1974, S. 74-78.
2. Ibid. p. 79.

Stephan Panther, „Albert O. Hirschman, Abwanderung und Widerspruch“ in: Manfred Brocker (Hg.) Geschichte des politischen Denkens. Das 20. Jahrhundert. Frankfurt/M. 2018

Explanation of symbols: Roman numerals indicate the source, arabic numerals indicate the page number. The corresponding books are indicated on the right hand side. ((s)…): Comment by the sender of the contribution. Translations: Dictionary of Arguments
The note [Concept/Author], [Author1]Vs[Author2] or [Author]Vs[term] resp. "problem:"/"solution:", "old:"/"new:" and "thesis:" is an addition from the Dictionary of Arguments. If a German edition is specified, the page numbers refer to this edition.

PolHirschm I
Albert O. Hirschman
The Strategy of Economic Development New Haven 1958

Brocker I
Manfred Brocker
Geschichte des politischen Denkens. Das 20. Jahrhundert Frankfurt/M. 2018

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