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Cognitive Dissonance in Economics

Ekkehart Schlicht, 1984


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Resource information:
Resource IDschlicht1984
Resource titleCognitive Dissonance in Economics
Author/sourceEkkehart Schlicht
Date published 1984
Summary text/ abstractThe 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 categoriesAnarchism & Action, Economics, Politics
Added to Free Range Library13/10/2014
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file iconCognitive Dissonance in Economics [911.7 kilobytes]


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