PMCCPMCCPMCC

Search tips
Search criteria 

Advanced

 
Logo of jeabehavJournal of the Experimental Analysis of Behavior Web SiteSubscriber LoginJournal of Applied Behavior Analysis Web SiteSubscription InformationInformation for AuthorsJournal of the Experimental Analysis of Behavior Web Site
 
J Exp Anal Behav. 1995 November; 64(3): 397–404.
PMCID: PMC1350146

Behavioral economics without anomalies.

Abstract

Behavioral economics is often conceived as the study of anomalies superimposed on a rational system. As research has progressed, anomalies have multiplied until little is left of rationality. Another conception of behavioral economics is based on the axiom that value is always maximized. It incorporates so-called anomalies either as conflicts between temporal patterns of behavior and the individual acts comprising those patterns or as outcomes of nonexponential time discounting. This second conception of behavioral economics is both empirically based and internally consistent.

Full text

Full text is available as a scanned copy of the original print version. Get a printable copy (PDF file) of the complete article (1.3M), or click on a page image below to browse page by page.

Articles from Journal of the Experimental Analysis of Behavior are provided here courtesy of Society for the Experimental Analysis of Behavior