From anecdotes to novels: Reflective inputs for behavioural economics

Earl, Peter E. (2011) From anecdotes to novels: Reflective inputs for behavioural economics. New Zealand Economic Papers, 45 1-2: 5-22. doi:10.1080/00779954.2011.556067


Author Earl, Peter E.
Title From anecdotes to novels: Reflective inputs for behavioural economics
Journal name New Zealand Economic Papers   Check publisher's open access policy
ISSN 0077-9954
1943-4863
Publication date 2011-04-14
Sub-type Article (original research)
DOI 10.1080/00779954.2011.556067
Volume 45
Issue 1-2
Start page 5
End page 22
Total pages 18
Place of publication Melbourne, Vic, Australia
Publisher Routledge
Collection year 2012
Language eng
Abstract Thaler's deployment of anomalous anecdotes has helped raise the profile of behavioural economics. This paper explores possible uses of other narrative materials as aids to economic research. After examining the use of anecdotes in economics, the paper reviews opportunities to use a wide range of more extensive reflective materials. Two text-based applications are then presented: the first uses material from consumer magazines, the second draws from novels by David Lodge. Both applications call into question conventional thinking regarding the degree of substitution between product characteristics, while the second is also instructive regarding the processes by which economic activities are coordinated.
Keyword Introspection
Protocol analysis
Case study method
Deconstruction
Non-compensatory decision rules
Q-Index Code C1
Q-Index Status Confirmed Code
Institutional Status UQ
Additional Notes Special Issue: Economic Psychology and Experimental Economics

Document type: Journal Article
Sub-type: Article (original research)
Collections: Official 2012 Collection
School of Economics Publications
 
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Created: Wed, 21 Sep 2011, 00:04:05 EST by Peter E. Earl on behalf of School of Economics