I need some updated articles (since 2015) about Economists against psychologists. Some articles explain why psychology had to enter the economic field.
Also, what aspects of economics did improve after psychology was considered?
Thank you in advance.
Some insights about Economists not against but together with Psychologists are below.
"This paper imports psychology scholarship into an economic model and results in a sustainable solution to collective action problems without any external enforcement mechanisms" (Berkman et al., 2015)
Article Sociality as a Natural Mechanism of Public Goods Provision
"It was shown experimentally that a person within the group seeks cooperation and reciprocity. Prosocial behavior can be generated through communication between group members that lead to an added value of collective interaction. This laboratory model combines the classic social psychology minimal group paradigm with group manipulations that cause a sense of social attachment. In economic context, it leads to a cooperation boost" (Peshkovskaya et al., 2017; Peshkovskaya et al., 2019; Peshkovskaya et al., 2020)
Article Gender effects and cooperation in collective action: A labor...
Article The socialization effect on decision making in the Prisoner'...
Article Eye Gaze Patterns of Decision Process in Prosocial Behavior
"By bringing together rich models of social behavior from social psychology with decision modeling techniques from economics, these mechanisms can ultimately foster cooperation in human societies" (Babkina et al., 2016)
Conference Paper Choice of the Group Increases Intra-Cooperation
Like Anastasia, I wouldn't say Psychology and Economics are "against" each other. All sciences build on each other (Physics > Chem > Bio > Psy > Econ/Sociology/Anthro). Some of the most fascinating work is in the fuzzy boundaries (e.g., Neuro between Bio & Psy). Overlaps probably have a long gradual history (e.g., Herb Simon's 1978 Econ Nobel Prize for Psy research). The way Psychology examines how our choices are less "rational" than we might believe can only help produce economic models with greater predictive validity (e.g., work of Dawes, Kahneman). There are probably so many sources to cite, it's hard to begin. Just a quick search for "economics" in PsychINFO and limiting to meta-analyses since 2015 brings up 367 results! Best wishes, Kevin
Hello Hoora,
an excellent overview of how the field of Behavioral Economics evolved by taking into consideration theories from psychology and the social sciences is provided by Dhami (2016). In his introductory chapter, the author outlines the origins of behavioral economic analysis, points out the major differences between the research traditions in economics and psychology (e.g., regarding experimental methods), and discusses how researchers from both disciplines may benefit from more openness to interdisciplinary approaches.
Dhami, S. (2016). The Foundations of Behavioral Economic Analysis. Oxford University Press.
In addition, I recommend this working paper by the same author on recent developments and current challenges of the field:
Dhami, S., & Beinhocker, E. (2019). The Behavioral Foundations of New Economic Thinking. INET Oxford Working Paper No. 2019-13. (SSRN Scholarly Paper ID 3454822). Social Science Research Network. https://doi.org/10.2139/ssrn.3454822
Best regards, Jonas
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