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Foundations of Economic Psychology - A Behavioral and Mathematical Approach (Hardcover, 1st ed. 2019)
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Foundations of Economic Psychology - A Behavioral and Mathematical Approach (Hardcover, 1st ed. 2019)
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This book provides an overview of the concept of economic
psychology from behavioral and mathematical perspectives and
related theoretical and empirical findings. Economic psychology is
defined briefly as a general term for descriptive theories to
explain the psychological processes of microeconomic behaviors and
macroeconomic phenomena. However, the psychological methodology and
knowledge of economic psychology have also been applied widely in
such fields as economics, business administration, and engineering,
and they are expected to become increasingly useful in the future-a
trend suggested in several eminent scholars' studies. The book
explains the numerous behavioral and mathematical models of
economic psychology related to micro- and macroeconomic phenomena
that have been proposed in the past, and introduces new models that
are useful to explain human economic behaviors. It concludes with
speculations about the future of modern economic psychology,
referring to its connection with fields related to neuroscience,
such as neuroeconomics, which have been developed in recent years.
Readers require no advanced expertise; nonetheless, an introductory
understanding of psychology, business administration, and
economics, and a high- school-graduate level of mathematics are
useful. To aid readers, each chapter includes a bibliography, which
can be referred for more details related to economic psychology.
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