Publication:
Striving for Balance in Economics: Towards a Theory of the Social Determination of Behavior

dc.contributor.authorHoff, Karla
dc.contributor.authorStiglitz, Joseph E.
dc.date.accessioned2016-02-01T20:42:22Z
dc.date.available2016-02-01T20:42:22Z
dc.date.issued2016-01
dc.description.abstractThis 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 models—including categories, identities, narratives, and worldviews—that 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 world—their 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.identifierhttp://documents.worldbank.org/curated/en/2016/01/25814159/striving-balance-economics-towards-theory-social-determination-behavior
dc.identifier.doi10.1596/1813-9450-7537
dc.identifier.urihttps://hdl.handle.net/10986/23704
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper;No. 7537
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectBELIEF SYSTEMS
dc.subjectFISH
dc.subjectMASS MEDIA
dc.subjectECONOMIC INCENTIVES
dc.subjectMOTIVATION
dc.subjectBEHAVIORAL DEVELOPMENT
dc.subjectDRAMA
dc.subjectPERSONALITY
dc.subjectWELFARE ECONOMICS
dc.subjectMULTIPLIERS
dc.subjectUTILITY FUNCTIONS
dc.subjectAGGRESSION
dc.subjectLANGUAGES
dc.subjectTIME
dc.subjectSOCIAL INTERACTIONS
dc.subjectCARBON
dc.subjectPSYCHOLOGY
dc.subjectHUMANITIES
dc.subjectROLE
dc.subjectEXPECTATIONS
dc.subjectBIAS
dc.subjectGROUPS
dc.subjectPROPERTY RIGHTS
dc.subjectINTELLIGENCE
dc.subjectFINANCIAL RESOURCES
dc.subjectEMISSIONS
dc.subjectWELFARE FUNCTION
dc.subjectINCENTIVES
dc.subjectPSYCHOLOGISTS
dc.subjectCONDITIONS
dc.subjectMODELS
dc.subjectTHINKING
dc.subjectASSOCIATIONS
dc.subjectPOSITIVE ECONOMICS
dc.subjectSOCIAL SCIENCES
dc.subjectLANGUAGE
dc.subjectCULTURE
dc.subjectTROPICAL ISLAND
dc.subjectTELEVISION
dc.subjectPRESS
dc.subjectECONOMIC ACTIVITY
dc.subjectBEHAVIOR
dc.subjectTHOUGHT
dc.subjectEXPLOITATION
dc.subjectBEHAVIORAL SCIENCES
dc.subjectDECISION‐MAKING
dc.subjectRITUALS
dc.subjectPERCEPTIONS
dc.subjectOPERA
dc.subjectRELATIONSHIPS
dc.subjectABILITY
dc.subjectEXTERNALITIES
dc.subjectDEMAND CURVES
dc.subjectDEBT
dc.subjectESSAYS
dc.subjectSOCIAL STRUCTURES
dc.subjectLEARNING
dc.subjectPSYCHOLOGIST
dc.subjectECONOMIC POLICIES
dc.subjectCULTURAL CONTEXT
dc.subjectHISTORY
dc.subjectREASONING
dc.subjectINFORMATION PROCESSING
dc.subjectCULTURAL RESEARCH
dc.subjectRATIONAL EXPECTATIONS
dc.subjectSOCIAL PSYCHOLOGY
dc.subjectRADIO
dc.subjectCOGNITION
dc.subjectCARBON EMISSIONS
dc.subjectPUBLISHING
dc.subjectRESOURCES
dc.subjectINDIVIDUAL BEHAVIOR
dc.subjectUNEMPLOYMENT
dc.subjectANTHROPOLOGY
dc.subjectBELIEFS
dc.subjectPSYCHOLOGICAL TESTS
dc.subjectCONSUMPTION
dc.subjectTECHNOLOGICAL CHANGE
dc.subjectSPORTS
dc.subjectWAGES
dc.subjectCLIMATE CHANGE
dc.subjectSCIENCE
dc.subjectECONOMIC BEHAVIOR
dc.subjectHABITS
dc.subjectMEDIA INFLUENCES
dc.subjectVALUES
dc.subjectSCHOOLS
dc.subjectBASIC
dc.subjectGENDER
dc.subjectCREDIT
dc.subjectDIVISION OF LABOR
dc.subjectENVIRONMENTS
dc.subjectLITERATURE
dc.subjectEFFORT
dc.subjectPROPERTY
dc.subjectSOCIAL COGNITION
dc.subjectETHNOGRAPHY
dc.subjectHUMAN BEHAVIOR
dc.subjectCOGNITIVE ABILITY
dc.subjectENVIRONMENT
dc.subjectECOLOGICAL CONDITIONS
dc.subjectCOGNITIVE PSYCHOLOGY
dc.subjectMASCULINITY
dc.subjectECONOMIC MODELS
dc.subjectCOGNITIVE PROCESSES
dc.subjectFEELINGS
dc.subjectSOCIAL CAPITAL
dc.subjectTRADE
dc.subjectCULTURES
dc.subjectPERCEPTION
dc.subjectENCULTURATION
dc.subjectUNDERSTANDING
dc.subjectCHILDREN
dc.subjectINVOLUNTARY UNEMPLOYMENT
dc.subjectCONSUMPTION PATTERNS
dc.subjectTRUSTS
dc.subjectECOLOGY
dc.subjectEXPERIENCE
dc.subjectATTENTION
dc.subjectACTIVITY
dc.subjectINTERACTIONS
dc.subjectINDIVIDUALS
dc.subjectBUILDING
dc.subjectINVESTMENTS
dc.subjectCOIN
dc.subjectTRADITIONS
dc.subjectDEPENDENCE
dc.subjectWOMEN
dc.subjectCONCEPTS
dc.subjectMEMORY
dc.subjectCULTURAL FACTORS
dc.subjectPRIMING
dc.subjectPRICES
dc.subjectPUBLIC GOODS
dc.titleStriving for Balance in Economicsen
dc.title.subtitleTowards a Theory of the Social Determination of Behavioren
dc.typeWorking Paperen
dc.typeDocument de travailfr
dc.typeDocumento de trabajoes
dspace.entity.typePublication
okr.associatedcontenthttps://openknowledge.worldbank.org/handle/10986/24253 Journal article
okr.crossref.titleStriving for Balance in Economics: Towards a Theory of the Social Determination of Behavior
okr.date.disclosure2016-01-21
okr.doctypePublications & Research::Policy Research Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/2016/01/25814159/striving-balance-economics-towards-theory-social-determination-behavior
okr.guid636811468179051978
okr.identifier.doi10.1596/1813-9450-7537
okr.identifier.externaldocumentum090224b0840eb430_1_0
okr.identifier.internaldocumentum25814159
okr.identifier.reportWPS7537
okr.importedtrue
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2016/01/21/090224b0840eb430/1_0/Rendered/PDF/Striving0for0b0mination0of0behavior.pdfen
okr.topicEconomic Theory and Research
okr.topicMacroeconomics and Economic Growth
okr.topicEducation::Educational Sciences
okr.topicCulture and Development::Cultural Policy
okr.topicSocial Development::Psychology
okr.topicSocial Development::Social Analysis
okr.unitMacroeconomics and Growth Team, Development Research Group
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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