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Cognitive Dissonance in Economics

Ekkehart Schlicht, 1984

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Resource ID	schlicht1984
Resource title	Cognitive Dissonance in Economics
Author/source	Ekkehart Schlicht
Date published	1984
Summary text/ abstract	The aim of the present essay is to introduce the economist to some recent developments in social psychology, to hint at some applications and to adress to the broader issue of a psychological foundation of welfare economics. The general proposition is that we can gain much by replacing the premise of utility maximization by the premise of the maximization of cognitive consistency: The latter offers more structure, is more fundamental in the sense that it is able to explain changes in preferences, and has an impressive empirical support in the psychological literature.
Library categories	Anarchism & Action, Economics, Politics
Added to Free Range Library	13/10/2014