This book discusses the conceptual foundations of mainstream and political economy and offers alternative directions for the development of theoretical economics. Presenting selected papers from the Euro-Asian Symposium on Economic Theory, held by the Institute of Economics of the Ural Branch of...

"What economists know that we should know, translated for all of us. Should I buy or rent? Do I ask for a promotion? Should I tell people I'm pregnant? What salary do I deserve? Should I just quit this job? Common anxieties about life are often grounded in economics. In an increasingly win-lose...

Behavioral economics characterizes decision-makers using psychologically-informed models. Cognitive science produces psychologically-informed models. Why don't these disciplines talk more? Here, the author presents several arguments for why cognitive science should inform behavioral economics -...

To study coordination in complex social systems such as financial markets, the authors introduce a new prediction market set -up that accounts for fundamental uncertainty. Nonetheless, the market is designed so that its total value is known, and thus its rationality can be evaluated. In two...

Behavioral economics aspires to replace the agents of neoclassical economics with living, breathing human beings. Here, the author argues that behavioral economics, like its neoclassical counterpart, often neglects the role of active sense-making that motivates and guides much human behavior....

This dissertation studies the role of social contexts for prosocial behavior. Motivated by insights from psychology, preferences are assumed to be context-sensitive. The extent to which individuals are prosocial depends therefore on the social and economic context. This dissertation investigates...

In experiments which measure subjects' beliefs, both beliefs about others' behavior and beliefs about others' beliefs, are often correlated with a subject's own choices. Such phenomena have been interpreted as evidence of a causal relationship between beliefs and behavior. An alternative...