Review of Behavioral Economics > Vol 11 > Issue 3

The Interplay between Operant Behavioral Economics and Cognitive Accounts of Behavior

Elise Frølich Furrebøe, Department of Behavioural Sciences, Oslo Metropolitan University, Norway, efurrebo@oslomet.no
 
Suggested Citation
Elise Frølich Furrebøe (2024), "The Interplay between Operant Behavioral Economics and Cognitive Accounts of Behavior", Review of Behavioral Economics: Vol. 11: No. 3, pp 295-311. http://dx.doi.org/10.1561/105.00000191

Publication Date: 08 Jul 2024
© 2024 E. F. Furrebøe
 
Subjects
Behavioral economics,  Bounded rationality,  Biases,  Heuristics,  Computational
 
Keywords
JEL Codes: D91, E71
Behavioral economicsoperant behaviorcognitive accountexplanatory powermotivation
 

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In this article:
Introducing Psychology into Economics 
The Theoretical Basis of Behaviorism 
The Theoretical Basis of Cognitive Psychology 
The Cognitive Account in Behavioral Economics 
Operant Behavioral Economics 
Conceptual Interplay 
Explanatory Power 
Conclusion 
References 

Abstract

In this article, I discuss the interplay between operant behavioral economics and the cognitive account of behavioral economics, and what common basis or obstacles there may be between them. To understand the basis of the two schools, the first part of this article describes behavioral economics, cognitive psychology, and behavior analysis, before the two schools of operant behavioral economics and the cognitive account of behavioral economics, are described and compared. Specific attention is given to a few examples of experimental approaches to the same phenomena, and to the different schools’ view towards motivation. I argue that, although there is one major obstacle, namely the diverging views of explanatory power, there are areas allowing for interplay: (1) Investigation of similar phenomena, (2) The common interest in experiments, and (3) a common focus on context.

DOI:10.1561/105.00000191