This is the first definitive introduction to behavioral economics
aimed at advanced undergraduate and postgraduate students.
Authoritative, cutting edge, yet accessible, it guides the reader
through theory and evidence, providing engaging and relevant
applications throughout. It is divided into nine parts and 24
chapters: Part I is on behavioral economics of risk, uncertainty,
and ambiguity. The evidence against expected utility theory is
examined, and the behavioral response is outlined; the best
empirically supported theory is prospect theory. Part II considers
other-regarding preferences. The evidence from experimental games
on human sociality is given, followed by models and applications of
inequity aversion, intentions based reciprocity, conditional
cooperation, human virtues, and social identity. Part III is on
time discounting. It considers the evidence against the exponential
discounted utility model and describes several behavioral models
such as hyperbolic discounting, attribute based models and the
reference time theory. Part IV describes the evidence on classical
game theory and considers several models of behavioral game theory,
including level-k and cognitive hierarchy models, quantal response
equilibrium, and psychological game theory. Part V considers
behavioral models of learning that include evolutionary game
theory, classical models of learning, experience weighted
attraction model, learning direction theory, and stochastic social
dynamics. Part VI studies the role of emotions; among other topics
it considers projection bias, temptation preferences, happiness
economics, and interaction between emotions and cognition. Part VII
considers bounded rationality. The three main topics considered are
judgment heuristics and biases, mental accounting, and behavioral
finance. Part VIII considers behavioral welfare economics; the main
topics are soft paternalism, and choice-based measures of welfare.
Finally, Part IX gives an abbreviated taster course in
neuroeconomics.
General
Imprint: |
Oxford UniversityPress
|
Country of origin: |
United Kingdom |
Release date: |
November 2016 |
Authors: |
Sanjit Dhami
|
Dimensions: |
247 x 190 x 61mm (L x W x T) |
Format: |
Paperback
|
Pages: |
1764 |
ISBN-13: |
978-0-19-871553-5 |
Categories: |
Books >
Business & Economics >
Economics >
General
|
LSN: |
0-19-871553-6 |
Barcode: |
9780198715535 |
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