Publication: Striving for Balance in Economics: Towards a Theory of the Social Determination of Behavior
dc.contributor.author | Hoff, Karla | |
dc.contributor.author | Stiglitz, Joseph E. | |
dc.date.accessioned | 2016-02-01T20:42:22Z | |
dc.date.available | 2016-02-01T20:42:22Z | |
dc.date.issued | 2016-01 | |
dc.description.abstract | This paper is an attempt to broaden economic discourse by importing insights into human behavior not just from psychology, but also from sociology and anthropology. Whereas the concept of the decision-maker in standard economics is the rational actor and, in early work in behavioral economics, the quasi-rational actor influenced by the context of the moment of decision-making, in some recent work in behavioral economics the decision-maker could be called the enculturated actor. This actor's preferences, perception, and cognition are subject to two deep social influences: (a) the social contexts to which he has become exposed and, especially, accustomed; and (b) the cultural mental modelsāincluding categories, identities, narratives, and worldviewsāthat he uses to process information. The paper traces how these factors shape individual behavior through the endogenous determination of preferences and the lenses through which individuals see the worldātheir perception and interpretation of situations. The paper offers a tentative taxonomy of the social determinants of behavior and describes the results of controlled and natural experiments that only a broader view of these determinants can plausibly explain. The perspective suggests more realistic models of human behavior for explaining outcomes and designing policies. | en |
dc.identifier | http://documents.worldbank.org/curated/en/2016/01/25814159/striving-balance-economics-towards-theory-social-determination-behavior | |
dc.identifier.doi | 10.1596/1813-9450-7537 | |
dc.identifier.uri | https://hdl.handle.net/10986/23704 | |
dc.language | English | |
dc.language.iso | en_US | |
dc.publisher | World Bank, Washington, DC | |
dc.relation.ispartofseries | Policy Research Working Paper;No. 7537 | |
dc.rights | CC BY 3.0 IGO | |
dc.rights.holder | World Bank | |
dc.rights.uri | http://creativecommons.org/licenses/by/3.0/igo/ | |
dc.subject | BELIEF SYSTEMS | |
dc.subject | FISH | |
dc.subject | MASS MEDIA | |
dc.subject | ECONOMIC INCENTIVES | |
dc.subject | MOTIVATION | |
dc.subject | BEHAVIORAL DEVELOPMENT | |
dc.subject | DRAMA | |
dc.subject | PERSONALITY | |
dc.subject | WELFARE ECONOMICS | |
dc.subject | MULTIPLIERS | |
dc.subject | UTILITY FUNCTIONS | |
dc.subject | AGGRESSION | |
dc.subject | LANGUAGES | |
dc.subject | TIME | |
dc.subject | SOCIAL INTERACTIONS | |
dc.subject | CARBON | |
dc.subject | PSYCHOLOGY | |
dc.subject | HUMANITIES | |
dc.subject | ROLE | |
dc.subject | EXPECTATIONS | |
dc.subject | BIAS | |
dc.subject | GROUPS | |
dc.subject | PROPERTY RIGHTS | |
dc.subject | INTELLIGENCE | |
dc.subject | FINANCIAL RESOURCES | |
dc.subject | EMISSIONS | |
dc.subject | WELFARE FUNCTION | |
dc.subject | INCENTIVES | |
dc.subject | PSYCHOLOGISTS | |
dc.subject | CONDITIONS | |
dc.subject | MODELS | |
dc.subject | THINKING | |
dc.subject | ASSOCIATIONS | |
dc.subject | POSITIVE ECONOMICS | |
dc.subject | SOCIAL SCIENCES | |
dc.subject | LANGUAGE | |
dc.subject | CULTURE | |
dc.subject | TROPICAL ISLAND | |
dc.subject | TELEVISION | |
dc.subject | PRESS | |
dc.subject | ECONOMIC ACTIVITY | |
dc.subject | BEHAVIOR | |
dc.subject | THOUGHT | |
dc.subject | EXPLOITATION | |
dc.subject | BEHAVIORAL SCIENCES | |
dc.subject | DECISIONāMAKING | |
dc.subject | RITUALS | |
dc.subject | PERCEPTIONS | |
dc.subject | OPERA | |
dc.subject | RELATIONSHIPS | |
dc.subject | ABILITY | |
dc.subject | EXTERNALITIES | |
dc.subject | DEMAND CURVES | |
dc.subject | DEBT | |
dc.subject | ESSAYS | |
dc.subject | SOCIAL STRUCTURES | |
dc.subject | LEARNING | |
dc.subject | PSYCHOLOGIST | |
dc.subject | ECONOMIC POLICIES | |
dc.subject | CULTURAL CONTEXT | |
dc.subject | HISTORY | |
dc.subject | REASONING | |
dc.subject | INFORMATION PROCESSING | |
dc.subject | CULTURAL RESEARCH | |
dc.subject | RATIONAL EXPECTATIONS | |
dc.subject | SOCIAL PSYCHOLOGY | |
dc.subject | RADIO | |
dc.subject | COGNITION | |
dc.subject | CARBON EMISSIONS | |
dc.subject | PUBLISHING | |
dc.subject | RESOURCES | |
dc.subject | INDIVIDUAL BEHAVIOR | |
dc.subject | UNEMPLOYMENT | |
dc.subject | ANTHROPOLOGY | |
dc.subject | BELIEFS | |
dc.subject | PSYCHOLOGICAL TESTS | |
dc.subject | CONSUMPTION | |
dc.subject | TECHNOLOGICAL CHANGE | |
dc.subject | SPORTS | |
dc.subject | WAGES | |
dc.subject | CLIMATE CHANGE | |
dc.subject | SCIENCE | |
dc.subject | ECONOMIC BEHAVIOR | |
dc.subject | HABITS | |
dc.subject | MEDIA INFLUENCES | |
dc.subject | VALUES | |
dc.subject | SCHOOLS | |
dc.subject | BASIC | |
dc.subject | GENDER | |
dc.subject | CREDIT | |
dc.subject | DIVISION OF LABOR | |
dc.subject | ENVIRONMENTS | |
dc.subject | LITERATURE | |
dc.subject | EFFORT | |
dc.subject | PROPERTY | |
dc.subject | SOCIAL COGNITION | |
dc.subject | ETHNOGRAPHY | |
dc.subject | HUMAN BEHAVIOR | |
dc.subject | COGNITIVE ABILITY | |
dc.subject | ENVIRONMENT | |
dc.subject | ECOLOGICAL CONDITIONS | |
dc.subject | COGNITIVE PSYCHOLOGY | |
dc.subject | MASCULINITY | |
dc.subject | ECONOMIC MODELS | |
dc.subject | COGNITIVE PROCESSES | |
dc.subject | FEELINGS | |
dc.subject | SOCIAL CAPITAL | |
dc.subject | TRADE | |
dc.subject | CULTURES | |
dc.subject | PERCEPTION | |
dc.subject | ENCULTURATION | |
dc.subject | UNDERSTANDING | |
dc.subject | CHILDREN | |
dc.subject | INVOLUNTARY UNEMPLOYMENT | |
dc.subject | CONSUMPTION PATTERNS | |
dc.subject | TRUSTS | |
dc.subject | ECOLOGY | |
dc.subject | EXPERIENCE | |
dc.subject | ATTENTION | |
dc.subject | ACTIVITY | |
dc.subject | INTERACTIONS | |
dc.subject | INDIVIDUALS | |
dc.subject | BUILDING | |
dc.subject | INVESTMENTS | |
dc.subject | COIN | |
dc.subject | TRADITIONS | |
dc.subject | DEPENDENCE | |
dc.subject | WOMEN | |
dc.subject | CONCEPTS | |
dc.subject | MEMORY | |
dc.subject | CULTURAL FACTORS | |
dc.subject | PRIMING | |
dc.subject | PRICES | |
dc.subject | PUBLIC GOODS | |
dc.title | Striving for Balance in Economics | en |
dc.title.subtitle | Towards a Theory of the Social Determination of Behavior | en |
dc.type | Working Paper | en |
dc.type | Document de travail | fr |
dc.type | Documento de trabajo | es |
dspace.entity.type | Publication | |
okr.associatedcontent | https://openknowledge.worldbank.org/handle/10986/24253 Journal article | |
okr.crossref.title | Striving for Balance in Economics: Towards a Theory of the Social Determination of Behavior | |
okr.date.disclosure | 2016-01-21 | |
okr.doctype | Publications & Research::Policy Research Working Paper | |
okr.doctype | Publications & Research | |
okr.docurl | http://documents.worldbank.org/curated/en/2016/01/25814159/striving-balance-economics-towards-theory-social-determination-behavior | |
okr.guid | 636811468179051978 | |
okr.identifier.doi | 10.1596/1813-9450-7537 | |
okr.identifier.externaldocumentum | 090224b0840eb430_1_0 | |
okr.identifier.internaldocumentum | 25814159 | |
okr.identifier.report | WPS7537 | |
okr.imported | true | |
okr.language.supported | en | |
okr.pdfurl | http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2016/01/21/090224b0840eb430/1_0/Rendered/PDF/Striving0for0b0mination0of0behavior.pdf | en |
okr.topic | Economic Theory and Research | |
okr.topic | Macroeconomics and Economic Growth | |
okr.topic | Education::Educational Sciences | |
okr.topic | Culture and Development::Cultural Policy | |
okr.topic | Social Development::Psychology | |
okr.topic | Social Development::Social Analysis | |
okr.unit | Macroeconomics and Growth Team, Development Research Group | |
relation.isSeriesOfPublication | 26e071dc-b0bf-409c-b982-df2970295c87 | |
relation.isSeriesOfPublication.latestForDiscovery | 26e071dc-b0bf-409c-b982-df2970295c87 |
Files
License bundle
1 - 1 of 1