This textbook 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 illustrate the broad relevance of behavioral economics for consumers, firms, markets, and policy makers alike.
This textbook 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 illustrate the broad relevance of behavioral economics for consumers, firms, markets, and policy makers alike.
Brandon Lehr is Associate Professor of Economics at Occidental College, Los Angeles, USA.
Inhaltsangabe
Part I Foundations 1. Introduction 2. Standard Decision Making 3. Behavioral Welfare Economics Part II Intertemporal Preferences 4. Discounted Utility Model Anomalies 5. Present Bias 6. Consumption Dependence 7. Market & Policy Responses to Present Bias Part III Reference-Dependent Preferences 8. Reference-Independence Anomalies 9. Reference Dependence 10. Market & Policy Responses to Loss Aversion Part IV Preferences over Uncertainty 11. Expected Utility Anomalies 12. Non-Expected Utility Part V Social Preferences 13. Self-Interested Preference Anomalies 14. Social Preferences 15. Market & Policy Responses to Social Preferences Part VI Beliefs 16. Belief Anomalies 17. Nonstandard Beliefs 18. Market & Policy Responses to Nonstandard Beliefs Part VII Decision Processes 19. Mental Accounting 20. Inattention 21. Market & Policy Responses to Mental Accounting & Inattention
Part I Foundations 1. Introduction 2. Standard Decision Making 3. Behavioral Welfare Economics Part II Intertemporal Preferences 4. Discounted Utility Model Anomalies 5. Present Bias 6. Consumption Dependence 7. Market & Policy Responses to Present Bias Part III Reference-Dependent Preferences 8. Reference-Independence Anomalies 9. Reference Dependence 10. Market & Policy Responses to Loss Aversion Part IV Preferences over Uncertainty 11. Expected Utility Anomalies 12. Non-Expected Utility Part V Social Preferences 13. Self-Interested Preference Anomalies 14. Social Preferences 15. Market & Policy Responses to Social Preferences Part VI Beliefs 16. Belief Anomalies 17. Nonstandard Beliefs 18. Market & Policy Responses to Nonstandard Beliefs Part VII Decision Processes 19. Mental Accounting 20. Inattention 21. Market & Policy Responses to Mental Accounting & Inattention
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