Individualism in Economics: Modeling agents, talking about people

David Carré

Publikation: Bidrag til bog/antologi/rapport/konference proceedingKonferenceabstrakt i proceedingForskningpeer review

Resumé

Proposing models built upon unrealistic assumptions poses a serious issue for social
sciences in general –but not for economics. Since Friedman’s methodological insights (1953) assumptions about the agent of the model are irrelevant as long as it has enough predictive power. The latter becomes particularly problematic when econometric models have been introduced in areas like education or healthcare instead of commodities markets. Despite recent efforts from behavioral economics proposing more realistic assumptions (see Camerer, 1999), one idea remains untouched: agents are always individuals. Therefore, they will behave and make choices in a solipsistic way. Based in ideas from developmental cultural psychology (Valsiner, 2014), I will outline the shortcomings derived from such assumption, following the critique to psychological approaches based on the same tenet (e.g. cognitivism). This revision aims to dialogue with the ever-increasing participation of economics in the social discussion, supplementing rather than excluding its ideas.
OriginalsprogEngelsk
TitelResistance and Renewal : Programme and Abstracts
Publikationsdato26 jun. 2015
Sider162
StatusUdgivet - 26 jun. 2015
Begivenhedresistance and renewal. 16th Biennal conference of the international society for theoretical psychology - coventry, Storbritannien
Varighed: 26 jun. 201530 jun. 2015

Konference

Konferenceresistance and renewal. 16th Biennal conference of the international society for theoretical psychology
LandStorbritannien
Bycoventry
Periode26/06/201530/06/2015

Fingerprint

individualism
cultural psychology
commodity market
economics
developmental psychology
econometrics
dialogue
participation
education

Citer dette

Carré, D. (2015). Individualism in Economics: Modeling agents, talking about people. I Resistance and Renewal: Programme and Abstracts (s. 162)
Carré, David. / Individualism in Economics : Modeling agents, talking about people. Resistance and Renewal: Programme and Abstracts. 2015. s. 162
@inbook{d9efb62896c5433b999086c90671f57a,
title = "Individualism in Economics: Modeling agents, talking about people",
abstract = "Proposing models built upon unrealistic assumptions poses a serious issue for socialsciences in general –but not for economics. Since Friedman’s methodological insights (1953) assumptions about the agent of the model are irrelevant as long as it has enough predictive power. The latter becomes particularly problematic when econometric models have been introduced in areas like education or healthcare instead of commodities markets. Despite recent efforts from behavioral economics proposing more realistic assumptions (see Camerer, 1999), one idea remains untouched: agents are always individuals. Therefore, they will behave and make choices in a solipsistic way. Based in ideas from developmental cultural psychology (Valsiner, 2014), I will outline the shortcomings derived from such assumption, following the critique to psychological approaches based on the same tenet (e.g. cognitivism). This revision aims to dialogue with the ever-increasing participation of economics in the social discussion, supplementing rather than excluding its ideas.",
author = "David Carr{\'e}",
year = "2015",
month = "6",
day = "26",
language = "English",
pages = "162",
booktitle = "Resistance and Renewal",

}

Carré, D 2015, Individualism in Economics: Modeling agents, talking about people. i Resistance and Renewal: Programme and Abstracts. s. 162, coventry, Storbritannien, 26/06/2015.

Individualism in Economics : Modeling agents, talking about people. / Carré, David.

Resistance and Renewal: Programme and Abstracts. 2015. s. 162.

Publikation: Bidrag til bog/antologi/rapport/konference proceedingKonferenceabstrakt i proceedingForskningpeer review

TY - ABST

T1 - Individualism in Economics

T2 - Modeling agents, talking about people

AU - Carré, David

PY - 2015/6/26

Y1 - 2015/6/26

N2 - Proposing models built upon unrealistic assumptions poses a serious issue for socialsciences in general –but not for economics. Since Friedman’s methodological insights (1953) assumptions about the agent of the model are irrelevant as long as it has enough predictive power. The latter becomes particularly problematic when econometric models have been introduced in areas like education or healthcare instead of commodities markets. Despite recent efforts from behavioral economics proposing more realistic assumptions (see Camerer, 1999), one idea remains untouched: agents are always individuals. Therefore, they will behave and make choices in a solipsistic way. Based in ideas from developmental cultural psychology (Valsiner, 2014), I will outline the shortcomings derived from such assumption, following the critique to psychological approaches based on the same tenet (e.g. cognitivism). This revision aims to dialogue with the ever-increasing participation of economics in the social discussion, supplementing rather than excluding its ideas.

AB - Proposing models built upon unrealistic assumptions poses a serious issue for socialsciences in general –but not for economics. Since Friedman’s methodological insights (1953) assumptions about the agent of the model are irrelevant as long as it has enough predictive power. The latter becomes particularly problematic when econometric models have been introduced in areas like education or healthcare instead of commodities markets. Despite recent efforts from behavioral economics proposing more realistic assumptions (see Camerer, 1999), one idea remains untouched: agents are always individuals. Therefore, they will behave and make choices in a solipsistic way. Based in ideas from developmental cultural psychology (Valsiner, 2014), I will outline the shortcomings derived from such assumption, following the critique to psychological approaches based on the same tenet (e.g. cognitivism). This revision aims to dialogue with the ever-increasing participation of economics in the social discussion, supplementing rather than excluding its ideas.

M3 - Conference abstract in proceeding

SP - 162

BT - Resistance and Renewal

ER -

Carré D. Individualism in Economics: Modeling agents, talking about people. I Resistance and Renewal: Programme and Abstracts. 2015. s. 162