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Real-World Decision Making - An Encyclopedia of Behavioral Economics (Hardcover)
Loot Price: R3,804
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Real-World Decision Making - An Encyclopedia of Behavioral Economics (Hardcover)
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The first and only encyclopedia to focus on the economic and
financial behaviors of consumers, investors, and organizations,
including an exploration of how people make good-and bad-economic
decisions. Traditional economic theories speculate how and when
people should spend money. But consumers don't always behave as
expected and often adopt strategies that might appear unorthodox
yet are, at times, more effective than the rule prescribed by
conventional wisdom. This groundbreaking text examines the ways in
which people make financial decisions, whether it is because they
are smart but atypical in their choices ... or just irrational
decision makers. A leading authority on behavioral economics,
Morris Altman and more than 150 expert contributors delve into key
concepts in behavioral economics, economic psychology, behavioral
finance, neuroeconomics, experimental economics, and institutional
economics to help inform economic models based on reality, not
theory. Through 250 informative entries, the book explores various
aspects of the subject including decision making, economic
analysis, and public policy. In addition to introducing concepts to
readers new to the subject, the book sheds light on more advanced
financial topics in a manner that is objective, comprehensive, and
accessible. Contains an informative introductory essay that
familiarizes students with the various aspects of behavioral
economics Provides a list of additional readings for those
interested in learning more about the topic Includes
cross-references in each entry to help readers make connections
between related topics Defines key terms that are likely to be
unfamiliar to those without advance knowledge of the subject Helps
readers identify and study particular entry categories through
accompanying Topic Finders
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