The text is designed as the main text for an undergraduate course
in Behavioral Economics, which is a growing course for students of
economics at the undergraduate level. The presentation is grounded
in microeconomics and traditional economic models to discuss
observed human behavior. The book presents models that show the
trade-offs between material benefits and social concerns. The
models incorporate social concerns such as altruism, guilt,
exploitation, fairness, and cognitive dissonance. Unlike many other
books on behavioral economics, the text is not a catalog of human
quirks. Although the book highlights all sorts of observed behavior
that appears irrational and misguided, it doesn't stop there. It
examines the possible motives for the puzzling behavior. For many
misguided and regrettable choices, we highlight actions taken to
control the behavior and mitigate the damage. We use the insights
of anthropologists and economists to explore the role of natural
selection in shaping human thinking and behavior. A decision that
appears irrational today may be understandable in the context of
millions of years of natural selection. Recent work explores the
role of natural selection in (i) loss aversion, (ii) the endowment
effect, (iii) time preferences, and (iv) responses to the
free-rider problem.
General
Imprint: |
Oxford UniversityPress
|
Country of origin: |
United States |
Release date: |
August 2022 |
Authors: |
Arthur Osullivan
|
Dimensions: |
235 x 191 x 21mm (L x W x T) |
Format: |
Paperback
|
Pages: |
472 |
ISBN-13: |
978-0-19-751592-1 |
Categories: |
Books >
Business & Economics >
Economics >
General
|
LSN: |
0-19-751592-4 |
Barcode: |
9780197515921 |
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