Abstract
The article provides a review of the ways in which interdisciplinary research in modern economic thought gives a more realistic understanding of human behavior and economic decision making. On the one hand, economic imperialism drove wider application of economics methods across social sciences and brought about new interdisciplinary fields, such as law and economics, economic sociology, public choice theory, etc. On the other hand, the origin of behavioral economics, experimental economics, and neuroeconomics bridging psychology, neurobiology, and economics influences the change in the methodology used by the economics itself and fuels transformation of the model of rational economic behavior 'homo economicus', one of the central assumptions of the neoclassical economics. George Akerlof and Robert Shiller's animal spirits, prospect theory of Daniel Kahneman and Amos Tversky, research by Amartya Sen, Daniel McFadden, Vernon Smith, and other economists focusing on decision making either significantly limit, or supplement the homo economicus concept providing a deeper insight into the nature of human rationality. Behavioral economics has already become so strong as a separate discipline that it can be classified into two streams - Classical and Modern, and its main principles should be incorporated into a basic course of traditional economics. The achievements of behavioral economics yield higher quality of economic research and forecasting. Interdisciplinary approach to the human behavior studies and transformation of homo economicus offer new tools for the development policy making.
Highlights
The article provides a review of the ways in which interdisciplinary research in modern economic thought gives a more realistic understanding of human behavior and economic decision making
The origin of behavioral economics, experimental economics, and neuroeconomics bridging psychology, neurobiology, and economics influences the change in the methodology used by the economics itself and fuels transformation of the model of rational economic behavior ‘homo economicus’, one of the central assumptions of the neoclassical economics
George Akerlof and Robert Shiller’s animal spirits, prospect theory of Daniel Kahneman and Amos Tversky, research by Amartya Sen, Daniel McFadden, Vernon Smith, and other economists focusing on decision making either significantly limit, or supplement the homo economicus concept providing a deeper insight into the nature of human rationality
Summary
Московский государственный институт международных отношений (университет) МИД России. С другой стороны, появление таких стоящих на стыке психологии, нейробиологии и экономики направлений, как поведенческая экономика, экспериментальная экономика и нейроэкономика, оказывает влияние на изменение методологии самой экономической науки и приводит к трансформации одной из основных предпосылок неоклассической школы — модели рационального экономического поведения «homo economicus». Теория «иррационального начала» Джорджа Акерлофа и Роберта Шиллера, теория перспектив Даниеля Канемана и Амоса Тверски, исследования Амартии Сена, Дэниела МакФаддена, Вернона Смита и других анализирующих процесс принятия решений экономистов или существенно ограничивают, или дополняют модель «человека экономического», позволяя глубже понять природу человеческой рациональности. Ключевые слова: рациональное экономическое поведение, «homo economicus», Гэри Беккер, экономический империализм, Амартия Сен, теория иррационального начала Джорджа Акерлофа и Роберта Шиллера, Дэниел МакФадден, теория перспектив Даниеля Канемана и Амоса Тверски, Вернон Смит, принятие решений в экономической сфере, поведенческая экономика, экспериментальная экономика, нейроэкономика
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