Abstract

This paper discusses how economic ethics can profit from taking into account the results of behavioral economics. In contrast to the neo-classical mainstream of economics, behavioral economics does not presuppose the model of ‘economic man', but explores the ways in which real human beings make economic decisions. The example of akrasia and its effects on old-age saving shows that behavioral economic research opens new fields for economic ethics. A central ethical aspect in this context is the question about the moral autonomy of economic agents. A Rawlsian approach shows that opt-out systems, which take into account typical behavioral tendencies, can, under certain conditions, be a way of combining the desiderata of supporting rational behavior and safe-guarding autonomy

Full Text
Paper version not known

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.