Caplin Schotter

Caplin, Andrew and Schotter, Andrew (2008) eds. The Foundations of Positive and Normative Economics: A Handbook,Oxford University Press, Oxford.

Contributors xi

Series Introduction xiii

Volume Introduction xv

PART I. SETTING THE STAGE

1. The Case for Mindless Economics—Faruk Gul and

Wolfgang Pesendorfer

3

PART II. THE DEBATE

2. The Case for Mindful Economics—Colin Camerer 43

3. What’s So Informative about Choice?—Andrew Schotter 70

4. On Two Points of View Regarding Revealed Preference and

Behavioral Economics—Ran Spiegler

95

5. Some Thoughts on the Principle of Revealed Preference—Ariel

Rubinstein and Yuval Salant

116

6. Mindless or Mindful Economics: A Methodological

Evaluation—Daniel Hausman

125

PART III. NEW DIRECTIONS FOR

NORMATIVE ECONOMICS

7. Choice-Theoretic Foundations for BehavioralWelfare

Economics—B. Douglas Bernheim and Antonio Rangel

155

8. Revealed Mistakes and Revealed Preferences—Botond Köszegi

and Matthew Rabin

193

9. The Economist as Therapist:Methodological Ramifications of

“Light” Paternalism—George Loewenstein and Emily Haisley

210

x contents

PART IV. NEW DIRECTIONS FOR

POSITIVE ECONOMICS

10. Look-ups as theWindows of the Strategic Soul—Vincent P.

Crawford

249

11. Revealed Preference and Bounded Rationality—Douglas Gale 281

12. The Seven Properties of Good Models—Xavier Gabaix and David

Laibson

292

13. Researcher Incentives and Empirical Methods—Edward L.

Glaeser

300

14. Choice and Process: Theory Ahead of Measurement—Jess

Benhabib and Alberto Bisin

320

15. Economic Theory and Psychological Data: Bridging

the Divide—Andrew Caplin

336

Index 373