The Beginnings of Behavioral Economics

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  • Publisher : Academic Press
  • Release : 05 October 2019
  • ISBN : 9780128157053
  • Page : 258 pages
  • Rating : 4.5/5 from 103 voters

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The Beginnings of Behavioral Economics: Katona, Simon, and Leibenstein's X-Efficiency Theory explores the mid-20th century roots of behavioral economics, placing the origin of this now-dominant approach to economic theory many years before the groundbreaking 1979 work on prospect theory by Daniel Kahneman and Amos Tversky. It discusses the work of Harvey Leibenstein, Herbert Simon, George Katona, and Frederick Hayek, reintroducing their contributions as founding pillars of the behavioral approach. It concentrates on the work of Leibenstein, reviewing his nuanced introduction of X-efficiency theory. Building from these foundations, the work explores the body of empirical research on market power and firm behavior – XE relationship. This book is a tremendous resource for graduate students and early career researchers in behavioral economics, experimental economics, organizational economics, social and organizational psychology, labor market economics and public policy. Reviews the powerful, but neglected contributions of mid-20th century scholars, like Leibenstein and Katona in building the roots of behavioral economic theory Amalgamates and reviews 50 years of empirical research and over 200 empirical papers on X-efficiency theory Establishes how X-efficiency can aid modern behavioral economics in further developing firm theory and understanding efficiency wages

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The Beginnings of Behavioral Economics

The Beginnings of Behavioral Economics
  • Author : Roger Frantz
  • Publisher : Academic Press
  • Release Date : 2019-10-05
  • ISBN : 9780128157053
GET THIS BOOKThe Beginnings of Behavioral Economics

The Beginnings of Behavioral Economics: Katona, Simon, and Leibenstein's X-Efficiency Theory explores the mid-20th century roots of behavioral economics, placing the origin of this now-dominant approach to economic theory many years before the groundbreaking 1979 work on prospect theory by Daniel Kahneman and Amos Tversky. It discusses the work of Harvey Leibenstein, Herbert Simon, George Katona, and Frederick Hayek, reintroducing their contributions as founding pillars of the behavioral approach. It concentrates on the work of Leibenstein, reviewing his nuanced introduction

The Beginnings of Behavioral Economics

The Beginnings of Behavioral Economics
  • Author : Roger Frantz
  • Publisher : Academic Press
  • Release Date : 2019-09-02
  • ISBN : 0128152893
GET THIS BOOKThe Beginnings of Behavioral Economics

The Beginnings of Behavioral Economics: Katona, Simon, and Leibenstein's X-Efficiency Theory explores the mid-20th century roots of behavioral economics, placing the origin of this now-dominant approach to economic theory many years before the groundbreaking 1979 work on prospect theory by Daniel Kahneman and Amos Tversky. It discusses the work of Harvey Leibenstein, Herbert Simon, George Katona, and Frederick Hayek, reintroducing their contributions as founding pillars of the behavioral approach. It concentrates on the work of Leibenstein, reviewing his nuanced introduction

Behavioral Economics

Behavioral Economics
  • Author : Floris Heukelom
  • Publisher : Cambridge University Press
  • Release Date : 2014-02-17
  • ISBN : 9781107039346
GET THIS BOOKBehavioral Economics

"In economics, the market has been understood to steer behavior towards a competitive equilibrium in which all economic actors behave optimally, and in which welfare of society is maximized. Yet many economists have also seen shortcomings to this ideal picture of the market in the form of limited information, too few buyers or sellers, adverse selection, moral hazards, and other caveats. What psychologists Daniel Kahneman and Amos Tversky brought to economics in the 1980s, was the idea that imperfections in

Misbehaving: The Making of Behavioral Economics

Misbehaving: The Making of Behavioral Economics
  • Author : Richard H. Thaler
  • Publisher : W. W. Norton & Company
  • Release Date : 2015-05-11
  • ISBN : 9780393246773
GET THIS BOOKMisbehaving: The Making of Behavioral Economics

Winner of the Nobel Prize in Economics Get ready to change the way you think about economics. Nobel laureate Richard H. Thaler has spent his career studying the radical notion that the central agents in the economy are humans—predictable, error-prone individuals. Misbehaving is his arresting, frequently hilarious account of the struggle to bring an academic discipline back down to earth—and change the way we think about economics, ourselves, and our world. Traditional economics assumes rational actors. Early in

Behavioral Economics

Behavioral Economics
  • Author : Brandon Lehr
  • Publisher : Routledge
  • Release Date : 2021-08-16
  • ISBN : 9781000432640
GET THIS BOOKBehavioral Economics

Behavioral Economics: Evidence, Theory, and Welfare provides an engaging and accessible introduction to the motivating questions, real-world evidence, theoretical models, and welfare implications of behavioral economics concepts. Applications and examples — from household decisions, finance, public finance, labor, business, health, development, politics, education, energy, and sports — illustrate the broad relevance of behavioral economics for consumers, firms, markets, and policy makers alike. This textbook provides readers with both the intuition and analytical tools to apply behavioral economics concepts in understanding the complex

Behavioral Economics For Dummies

Behavioral Economics For Dummies
  • Author : Morris Altman
  • Publisher : John Wiley & Sons
  • Release Date : 2012-02-28
  • ISBN : 9781118085035
GET THIS BOOKBehavioral Economics For Dummies

A guide to the study of how and why you really make financial decisions While classical economics is based on the notion that people act with rational self-interest, many key money decisions—like splurging on an expensive watch—can seem far from rational. The field of behavioral economics sheds light on the many subtle and not-so-subtle factors that contribute to our financial and purchasing choices. And in Behavioral Economics For Dummies, readers will learn how social and psychological factors, such

Routledge Handbook of Behavioral Economics

Routledge Handbook of Behavioral Economics
  • Author : Roger Frantz,Shu-Heng Chen,Kurt Dopfer,Floris Heukelom,Shabnam Mousavi
  • Publisher : Routledge
  • Release Date : 2016-08-05
  • ISBN : 9781317589242
GET THIS BOOKRoutledge Handbook of Behavioral Economics

There is no doubt that behavioral economics is becoming a dominant lens through which we think about economics. Behavioral economics is not a single school of thought but representative of a range of approaches, and uniquely, this volume presents an overview of them. The wide spectrum of international contributors each provides an exploration of a central approach, aspect or topic in behavorial economics. Taken together, the whole volume provides a comprehensive overview of the subject which considers both key developments

Behavioral Economics

Behavioral Economics
  • Author : Philip J. Corr,Anke C. Plagnol
  • Publisher : Unknown
  • Release Date : 2018
  • ISBN : 1138228907
GET THIS BOOKBehavioral Economics

What is behavioral economics and why is it important? -- The ascent and dissent of economics -- Econ: homo economicus -- Human: more homer (simpson) than homo economicus -- Manners, monkeys and moods -- Nudge: whys, ways and weasels -- Sell! the commercial (and political) world of persuasion

Psychology and Behavioral Economics

Psychology and Behavioral Economics
  • Author : Kai Ruggeri
  • Publisher : Routledge
  • Release Date : 2021-09-22
  • ISBN : 9781000449976
GET THIS BOOKPsychology and Behavioral Economics

Psychology and Behavioral Economics offers an expert introduction to how psychology can be applied to a range of public policy areas. It examines the impact of psychological research for public policymaking in economic, financial, and consumer sectors; in education, healthcare, and the workplace; for energy and the environment; and in communications. Your energy bills show you how much you use compared to the average household in your area. Your doctor sends you a text message reminder when your appointment is

Is Behavioral Economics Doomed?

Is Behavioral Economics Doomed?
  • Author : David K. Levine
  • Publisher : Open Book Publishers
  • Release Date : 2012
  • ISBN : 9781906924928
GET THIS BOOKIs Behavioral Economics Doomed?

In this book, David K. Levine questions the idea that behavioral economics is the answer to economic problems. He explores the successes and failures of contemporary economics both inside and outside the laboratory, and asks whether popular behavioral theories of psychological biases are solutions to the failures. The book not only provides an overview of popular behavioral theories and their history, but also gives the reader the tools for scrutinizing them.

Behavioral Economics

Behavioral Economics
  • Author : Edward Cartwright
  • Publisher : Routledge
  • Release Date : 2018-01-23
  • ISBN : 9781351600026
GET THIS BOOKBehavioral Economics

Over the last few decades behavioral economics has revolutionized the discipline. It has done so by putting the human back into economics, by recognizing that people sometimes make mistakes, care about others and are generally not as cold and calculating as economists have traditionally assumed. The results have been exciting and fascinating, and have fundamentally changed the way we look at economic behavior. This textbook introduces all the key results and insights of behavioral economics to a student audience. Ideas

Principles of Behavioral Economics

Principles of Behavioral Economics
  • Author : Peter Earl
  • Publisher : Cambridge University Press
  • Release Date : 2022-06-30
  • ISBN : 1009095897
GET THIS BOOKPrinciples of Behavioral Economics

Dishonesty in Behavioral Economics

Dishonesty in Behavioral Economics
  • Author : Alessandro Bucciol,Natalia Montinari
  • Publisher : Academic Press
  • Release Date : 2019-06-04
  • ISBN : 9780128158586
GET THIS BOOKDishonesty in Behavioral Economics

Dishonesty in Behavioral Economics provides a rigorous and comprehensive overview of dishonesty, presenting state-of-the-art research that adopts a behavioral economics perspective. Throughout the volume, contributors emphasize the effects of psychological, social, and cognitive factors on the decision-making process. In contrast to related titles, Dishonesty in Behavioral Economics emphasizes the importance of empirical research methodologies. Its contributors demonstrate how various methods applied to similar research questions can lead to different results. This characteristic is important because, of course, it is difficult

An Introduction to Behavioral Economics

An Introduction to Behavioral Economics
  • Author : Nick Wilkinson,Matthias Klaes
  • Publisher : Bloomsbury Publishing
  • Release Date : 2017-12-16
  • ISBN : 9781350306127
GET THIS BOOKAn Introduction to Behavioral Economics

The third edition of this successful textbook is a comprehensive, rigorous survey of the major topics in the field of behavioral economics. Building on the strengths of the second edition, it offers an up-to-date and critical examination of the latest literature, research, developments and debates in the field. Offering an inter-disciplinary approach, the authors incorporate psychology, evolutionary biology and neuroscience into the discussions. And, ultimately, they consider what it means to be 'rational', why we so often indulge in 'irrational'

Advances in Behavioral Economics

Advances in Behavioral Economics
  • Author : Colin F. Camerer,George Loewenstein,Matthew Rabin
  • Publisher : Princeton University Press
  • Release Date : 2011-12-12
  • ISBN : 9781400829118
GET THIS BOOKAdvances in Behavioral Economics

Twenty years ago, behavioral economics did not exist as a field. Most economists were deeply skeptical--even antagonistic--toward the idea of importing insights from psychology into their field. Today, behavioral economics has become virtually mainstream. It is well represented in prominent journals and top economics departments, and behavioral economists, including several contributors to this volume, have garnered some of the most prestigious awards in the profession. This book assembles the most important papers on behavioral economics published since around 1990. Among the 25