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Under Risk, Over Time, Regarding Other People: Language and Rationality Within Three Dimensions
[Face au risque, dans le temps, par rapport aux autres : langage et rationalité dans trois dimensions]

Author

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  • Dorian Jullien

    (GREDEG - Groupe de Recherche en Droit, Economie et Gestion - UNS - Université Nice Sophia Antipolis (1965 - 2019) - CNRS - Centre National de la Recherche Scientifique - UniCA - Université Côte d'Azur)

Abstract
This paper conducts a systematic comparison of behavioral economics's challenges to the standard accounts of economic behaviors within three dimensions: under risk, over time and regarding other people. A new perspective on two underlying methodological issues, i.e., interdisciplinarity and the positive/normative distinction, is proposed by following the entanglement thesis of Hilary Putnam, Vivian Walsh and Amartya Sen. This thesis holds that facts, values and conventions have interdependent meanings in science which can be understood by scrutinizing formal and ordinary language uses. The goal is to provide a broad and self-contained picture of how behavioral economics is changing the mainstream of economics.

Suggested Citation

  • Dorian Jullien, 2018. "Under Risk, Over Time, Regarding Other People: Language and Rationality Within Three Dimensions [Face au risque, dans le temps, par rapport aux autres : langage et rationalité dans trois dimensions," Post-Print halshs-01651042, HAL.
    • Handle: RePEc:hal:journl:halshs-01651042
    Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-01651042
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    Keywords

    behavioral economics; economic rationality; expected utility; prospect the-; ory; exponential discounting; hyperbolic discounting; self-interest; other-regarding behav-; iors; economic methodology; history of economics; philosophy of economics; economics and; language; JEL: A12; B21; B41; D01; D03; D81; D90; D64;
    All these keywords.

    JEL classification:

    • A12 - General Economics and Teaching - - General Economics - - - Relation of Economics to Other Disciplines
    • B21 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Microeconomics
    • B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology
    • D01 - Microeconomics - - General - - - Microeconomic Behavior: Underlying Principles
    • D03 - Microeconomics - - General - - - Behavioral Microeconomics: Underlying Principles
    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
    • D90 - Microeconomics - - Micro-Based Behavioral Economics - - - General
    • D64 - Microeconomics - - Welfare Economics - - - Altruism; Philanthropy; Intergenerational Transfers

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