Abstract

GARCIA MOLINA, Mario  and  CHICAIZA BECERRA, Liliana. THE ECONOMISTS' DECISIONS: COASE AND COGNITIVE BIASES IN THEORETICAL WORK. Rev.econ.inst. [online]. 2013, vol.15, n.29, pp.21-39. ISSN 0124-5996.

ABSTRACT The paper reviews Coase's ideas on methodology as explored in his criticism of Friedman, and compares them with concepts from other fields. Coase's adaptation of Kuhn is shown to be more accurate for current economics than for the examples Coase presents. Some of Coase's work is examined in terms of confirmation bias, and his ideason motivated confirmation bias are contrasted with protocols used in medicine to deal with conflicts of interest. Finally, the need for pluralism in economics is stressed.

Keywords : Coase; methodology; Kuhn; cognitive bias; behavioral economics.

        · abstract in Spanish     · text in Spanish     · Spanish ( pdf )