Behavioral Economics

12 Pages Posted: 20 Mar 2008

See all articles by Peter A. Diamond

Peter A. Diamond

Massachusetts Institute of Technology (MIT) - Department of Economics; National Bureau of Economic Research (NBER); CESifo (Center for Economic Studies and Ifo Institute)

Date Written: March 15, 2008

Abstract

This comment was written for a special issue of the Journal of Public Economics which contains papers written for a conference. The papers cover a range of topics and approaches in behavioral economics, including issues of individual behavior, of the measurement of the consequences of individual behavior, and of incorporating these pictures of individual behavior into normative analysis. The comment touches on three topics in behavioral analyses: (1) the roles of equilibrium and context/situation; (2) issues in doing normative evaluations; and (3) happiness studies.

Keywords: Behavioral economics, Happiness, Changing preferences

JEL Classification: A12, D6, H, B5

Suggested Citation

Diamond, Peter A., Behavioral Economics (March 15, 2008). MIT Department of Economics Working Paper No. 08-03, Available at SSRN: https://ssrn.com/abstract=1108588 or http://dx.doi.org/10.2139/ssrn.1108588

Peter A. Diamond (Contact Author)

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