2006•Wuhan University JournalRequires access

Behavioral Economics and Mainstream Economics:Differentiations and Analysis for Two Basic Conceptions

Guo‐Hua Liu

Abstract

Difference always exists between behavioral economics and mainstream economics since behavior economics come into the world,but its discussing focus often concentrates on two respects:judgment and preference.Based on psychology of the behavior,behavioral economics take some revision for the two respects for mainstrean economics.So differentiating and analyze to two concepts is the economics basic distinguished with mainstream economics.

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Key concepts: Mainstream economics, Positive economics, Mainstream, Behavioral economics, Heterodox economics, Applied economics, Preference, Economics