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Journal of Economic Perspectives: Vol. 19 No. 3 (Summer 2005)
JEP Volume. 19, Issue 3 | 
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Adam Smith, Behavioral Economist
Article Citation
Ashraf, Nava,
Colin F. Camerer, and
George Loewenstein. 2005. "Adam Smith, Behavioral Economist."
The Journal of Economic Perspectives,
19(3): 131-145.
DOI: 10.1257/089533005774357897
DOI: 10.1257/089533005774357897
Abstract
Adam Smith's psychological perspective in The Theory of Moral Sentiments is remarkably similar to "dual-process" frameworks advanced by psychologists, neuroscientists, and more recently by behavioral economists, based on behavioral data and detailed observations of brain functioning. It also anticipates a wide range of insights regarding phenomena such as loss aversion, willpower, and fairness that have been the focus of modern behavioral economics. This essay draws attention to some of these connections.
Article Full-Text Access
Full-text Article (Complimentary)
Authors
Ashraf, Nava
Camerer, Colin F.
Loewenstein, George
Camerer, Colin F.
Loewenstein, George
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