Rules all the way down: Consumer behaviour from the standpoint of the 'ONE behavioural' research programme

This article sets out a unified behavioural research programme that integrates compatible elements of old, new and evolutionary behavioural approaches to economics as an alternative to the dominant unified approach to economics based on rational choice theory and a Walrasian view of market coordination. However, the proposed programme can also be viewed as a general framework for interdisciplinary research on consumer behaviour. It employs the view of scientific research programmes proposed by Lakatos, setting out groups of 'hard-core' propositions and their associated 'do' and 'do not' rules for the conduct of researchers. The unifying theme is that evolution in the economy (and in human systems more generally) entails the creation, adoption and abandonment of rules for dealing effectively with open-ended choice problems that are bedevilled by infinite regress problems and cognitive challenges that people seek to address via personal repertoires of hierarchically related rules. To anticipate behaviour, researchers need to develop knowledge of these rules (including heuristics and routines), their functionality and the processes by which they get changed or prove difficult to change even where they cause problems.

Automated summary

This article proposes a unified behavioral research program that integrates old, new, and evolutionary behavioral approaches as an alternative to the dominant rational choice theory and Walrasian view in economics. It can also serve as a framework for interdisciplinary research on consumer behavior. The key idea is that evolution in the economy and human systems involves the creation, adoption, and abandonment of rules for addressing infinite regress problems and cognitive challenges. Researchers need to develop knowledge of these rules to anticipate behavior.