Le Du, Michel

Understanding and experimentation, in view of irrationality - 2019.


48

‪This paper’s main goal is to assess the ambitions of behavioral economics, especially the nature of its results. This new branch of knowledge is often presented as a new paradigm, but it is easy to show that it can’t break with away from the interpretative stance, which is traditional among social scientists. Accordingly, it is a mistake to think that experimentation can substitute for understanding, and a historical perspective will help us to understand why.‪