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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 |
Cognitive Dissonance in Economics [911.7 kilobytes]