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The behavioural economics of culture

Citation

Coate, B and Hoffmann, R, The behavioural economics of culture, Journal of Cultural Economics, 46 pp. 3-26. ISSN 1573-6997 (2022) [Refereed Article]


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DOI: doi:10.1007/s10824-021-09419-2

Abstract

We make the case for further advancing cultural economics through the application of behavioural economics methods and insights. Behavioural economics offers a reconciliation of two distinct strands within cultural economics, one that observes neoclassical economic method, and one that affirms the abundant psychological aspects of cultural economising. We argue that behavioural economics is well positioned for a synthesis as it was designed for the study of psychological ‘anomalies’ within the spirit and methodology of economics. We identify and discuss selected contributions to this emergent but dispersed literature and highlight promising areas that may be further investigated. We also explore the potential for behavioural economics to contribute to cultural policy.

Item Details

Item Type:Refereed Article
Keywords:cultural economics, behavioural economics, arts and culture, behaviour
Research Division:Economics
Research Group:Applied economics
Research Field:Behavioural economics
Objective Division:Economic Framework
Objective Group:Microeconomics
Objective Field:Preference, behaviour and welfare
UTAS Author:Hoffmann, R (Professor Robert Hoffmann)
ID Code:154740
Year Published:2022
Web of Science® Times Cited:3
Deposited By:Economics
Deposited On:2023-01-03
Last Modified:2023-01-03
Downloads:0

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