From heuristics and biases to agency
Behavioural economics in the heuristics-and-biases tradition of Kahneman and Tversky is best known for explaining how people actually make decisions. However, less attention has been paid to its role in shaping normative decision making, which focuses on evaluating welfare and guiding choices. This article traces the evolving meanings of normativity in behavioural economics from the 1970s to the 2010s, exploring different interpretations of “irrational” behaviour and their implications for policymaking.
Authors
- Ivan Mitrouchev (ORCID: https://orcid.org/0000-0002-8960-4550)
- Malte Dold (ORCID: https://orcid.org/0000-0002-1626-9878)
Institutions
- Institut polytechnique de Grenoble (FR)
- Centre National de la Recherche Scientifique (FR)
- Pomona College (US)
- Institut National de Recherche pour l'Agriculture, l'Alimentation et l'Environnement (FR)
- Laboratoire d'Economie Appliquée de Grenoble (FR)
- Université Grenoble Alpes (FR)
Publication Details
- Journal
- Mind & Society
- Published
- 2025-11-07
- DOI
- https://doi.org/10.1007/s11299-025-00344-x
- Primary Topic
- Decision-Making and Behavioral Economics
- Type
- article
- Field-Weighted Citation Impact
- 0.00
Funders
- Agence Nationale de la Recherche
- European Society for the History of Economic Thought