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From dual processes to multiple selves: Implications for economic behavior
Institution:1. Seminar for Statistics, ETH Zürich, Rämistr. 101, Zürich CH-8092, Switzerland;2. Department of Econometrics and OR, Tilburg University, P.O.box 90153, LE, Tilburg NL-5000, The Netherlands;3. Chair of Political Economy, ECON Institute, Karlsruhe Institute of Technology, Fritz-Erler-Str. 1-3, Karlsruhe D-76128, Germany;1. Department of Social Sciences, Zeppelin University, Am Seemooser Horn 20, Friedrichshafen D-88045, Germany;2. Laboratory for Social and Neural Systems Research, Department of Economics, University of Zurich, Blümlisalpstrasse 10, Zurich 8006, Switzerland;3. Vienna Center for Experimental Economics and Department of Economics, University of Vienna, Oskar-Morgenstern-Platz 1, Vienna 1090, Austria;1. CNRS, LaPsyDÉ, UMR 8240, France;4. Université Paris Descartes, Sorbonne Paris Cité, LaPsyDÉ, France;5. Université de Caen Basse-Normandie, LaPsyDÉ, France;1. Department of Psychological Medicine, King''s College London, Institute of Psychiatry, Psychology and Neuroscience, C/O Department of Classics, King''s College London, Strand, London WC2R 2LS, UK;2. King''s College London, Institute of Psychiatry, Psychology and Neuroscience, Department of Psychological Medicine, UK
Abstract:This article presents a short review of dual-process and dual-system theories from social and cognitive psychology and comments on their relevance for research on economic behavior. We view dual-process theories as a theoretical scaffolding which helps structure and interpret experimental results and can deliver important insights on human behavior in economic contexts. Dual-process ideas and concepts have already started to percolate into economics, contributing to the behavioral turn and the incorporation of bounded rationality into economic theory. The most recent development in this direction is represented by multiple selves models, which we view as a promising first step. We conclude the article with a brief discussion of the remaining articles in the special issue.
Keywords:Dual-process models  Dual-system theories  Multiple-selves models  C90  D03  2340  2900  3040  3900
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