Is Behavioral Economics Doomed?
It is fashionable to criticize economic theory for focusing too much on rationality and ignoring the imperfect and emotional way in which real economic decisions are reached. All of us facing the global economic crisis wonder just how rational economic men and women can be. Behavioral economics—an e...
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| Médium: | Online |
| Jazyk: | angličtina |
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Open Book Publishers
2021
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| Témata: | |
| On-line přístup: | 646720 |
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| _version_ | 1869524074948984832 |
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| author | K. Levine, David |
| author_browse | K. Levine, David |
| author_facet | K. Levine, David |
| author_sort | K. Levine, David |
| collection | Directory of Open Access Books |
| description | It is fashionable to criticize economic theory for focusing too much on rationality and ignoring the imperfect and emotional way in which real economic decisions are reached. All of us facing the global economic crisis wonder just how rational economic men and women can be. Behavioral economics—an effort to incorporate psychological ideas into economics—has become all the rage. This book by well-known economist David K. Levine questions the idea that behavioral economics is the answer to economic problems. It explores the successes and failures of contemporary economics both inside and outside the laboratory. It then asks whether popular behavioral theories of psychological biases are solutions to the failures. It not only provides an overview of popular behavioral theories and their history, but also gives the reader the tools for scrutinizing them. Levine’s book is essential reading for students and teachers of economic theory and anyone interested in the psychology of economics. |
| format | Online |
| id | doab-20.500.12854ir-30068 |
| institution | Directory of Open Access Books |
| language | eng |
| publishDate | 2021 |
| publishDateRange | 2021 |
| publishDateSort | 2021 |
| publisher | Open Book Publishers |
| publisherStr | Open Book Publishers |
| record_format | ojs |
| spelling | doab-20.500.12854ir-300682022-04-28T11:47:10Z Is Behavioral Economics Doomed? K. Levine, David game theory economics psychology microeconomics rationality economic models economic theory Behavioral economics Nash equilibrium Risk aversion Subgame perfect equilibrium It is fashionable to criticize economic theory for focusing too much on rationality and ignoring the imperfect and emotional way in which real economic decisions are reached. All of us facing the global economic crisis wonder just how rational economic men and women can be. Behavioral economics—an effort to incorporate psychological ideas into economics—has become all the rage. This book by well-known economist David K. Levine questions the idea that behavioral economics is the answer to economic problems. It explores the successes and failures of contemporary economics both inside and outside the laboratory. It then asks whether popular behavioral theories of psychological biases are solutions to the failures. It not only provides an overview of popular behavioral theories and their history, but also gives the reader the tools for scrutinizing them. Levine’s book is essential reading for students and teachers of economic theory and anyone interested in the psychology of economics. 2021-02-10T12:58:18Z 2018-04-03 00:00:00 2020-04-01T12:51:07Z 2012 book 646720 OCN: 849917882 http://library.oapen.org/handle/20.500.12657/30304 https://directory.doabooks.org/handle/20.500.12854/30068 eng open access image/jpeg image/jpeg n/a n/a https://library.oapen.org/bitstream/20.500.12657/30304/1/646720.pdf https://library.oapen.org/bitstream/20.500.12657/30304/1/646720.pdf Open Book Publishers 10.11647/OBP.0021 10.11647/OBP.0021 b014b543-78bd-4c3b-bc71-b68e2ac855b9 ScholarLed 143 open access |
| spellingShingle | game theory economics psychology microeconomics rationality economic models economic theory Behavioral economics Nash equilibrium Risk aversion Subgame perfect equilibrium K. Levine, David Is Behavioral Economics Doomed? |
| title | Is Behavioral Economics Doomed? |
| title_full | Is Behavioral Economics Doomed? |
| title_fullStr | Is Behavioral Economics Doomed? |
| title_full_unstemmed | Is Behavioral Economics Doomed? |
| title_short | Is Behavioral Economics Doomed? |
| title_sort | is behavioral economics doomed |
| topic | game theory economics psychology microeconomics rationality economic models economic theory Behavioral economics Nash equilibrium Risk aversion Subgame perfect equilibrium |
| topic_facet | game theory economics psychology microeconomics rationality economic models economic theory Behavioral economics Nash equilibrium Risk aversion Subgame perfect equilibrium |
| url | 646720 |
| work_keys_str_mv | AT klevinedavid isbehavioraleconomicsdoomed |