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ELMS, DEBORAH KAY (1) answer(s).
 
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New directions for IPE: drawing from behavioral economics / Elms, Deborah Kay   Journal Article
Elms, Deborah Kay Journal Article
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Publication 2008.
Summary/Abstract Many of the research approaches currently under investigation by behavioral economists are even better suited for international political economy research. The three research ideas illustrated in this article-framing and loss aversion, myopic time horizons, and fairness-highlight concepts of considerable utility for IPE researchers. This article uses previously published International Organization articles, reformulated to consider the same puzzles from a different angle, to illustrate the application of these concepts. This allows readers the opportunity to consider an extended comparison of theoretical explanations of the same empirical evidence. Incorporating more of the knowledge drawn from psychology and current economics will yield superior explanations for political economy research questions that are more accurate, generalizable, parsimonious, and testable.
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