Novità - News

 

Il Dipartimento di Politica Economica, Finanza e Sviluppo  (DEPFID) termina la sua attività il 31 ottobre 2012

Su questo sito web restano consultabili la serie dei DEPFID Working Papers e le informazioni sulla attività svolta dal Dipartimento dal 2006 al 2012

*



 

Home Working Papers

Login



8/2008

DEPFID Working Paper 8/2008 - Abstract

 How can a psychologist inform economics? The strange case of Sidney Siegel

Alessandro Innocenti
 

Before Kahneman and Tversky showed how behavioural economics could bring psychology and economics into a unified framework, in the 1950s a social psychologist, Sidney Siegel, entered the realm of economics and laid the foundation of experimental economics. This paper gives an assessment of Siegel’s overall contribution and claims that Siegel was not only a pioneer of experimental economics but also of behavioural economics. Had his view on the integration of psychology and economics been more promptly received, it might have triggered a different and more successfully path to the injection of greater realism in economics. When Siegel died, his approach to integrate psychology and economics lost its main advocate. Although his legacy was paramount in the work of the Nobel Prize Vernon Smith, Siegel endorsed a quite different approach to how make interdisciplinary research effective.

Keywords: economics, psychology, behavioural economics, bargaining theory, utility theory

JEL Classification: B20, B30, C70

Address for correspondence: Questo indirizzo e-mail è protetto dallo spam bot. Abilita Javascript per vederlo.

Download Full Text