The role of observation, cognition, and imagination in Keynes's approach to decision-making

Felipe Almeida, Marcelo Curado

The search for psychological content or support for economic decision-making is a subject that is contemporaneously stressed. Considering Keynesian and Post-Keynesian economics, it is possible to perceive several approaches that reclaim behavioral economics as a psychological support for decision-making. This study follows a different procedure. It points out the psychological issues studied by Keynes and introduces psychological theories that analyze these issues in order to emphasize psychological support for Keynes's approach to decision-making. In doing so, this study relies on the role of observation, cognition, and imagination in the Keynesian perspective on decision-making.

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Year of publication:	2019
Authors:	Almeida, Felipe ; Curado, Marcelo
Published in:	Economia : revista da ANPEC. - Bingley, United Kingdom : Emerald, ISSN 2358-2820, ZDB-ID 2451788-4. - Vol. 20.2019, 1, p. 15-26
Subject:	Cognition \| Imagination \| Keynesian decision-making \| Observation \| Vicarious learning \| Kognition \| Entscheidung \| Decision \| Keynesianismus \| Keynesian economics \| Theorie \| Theory