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Description: This groundbreaking handbook of original works by leading behavioral economists offers the first comprehensive articulation of behavioral economics theory. At a time when conventional approaches have failed to resolve key economic concerns, the book provides a provocative alternative view of how economic decisions are actually made.
Borrowing from the findings of psychologists, sociologists, political scientists, legal scholars, and biologists, among others, behavioral economists find that intelligent individuals often tend not to behave as effectively or efficiently in their economic decisions as long held by conventional wisdom. The manner in which individuals actually do behave critically depends on psychological, institutional, cultural, and even biological considerations.
Handbook of Contemporary Behavioral Economics includes coverage of such critical areas as the Economic Agent, Context and Modeling, Decision Making, Experiments and Implications, Labor Issues, Household and Family Issues, Life and Death, Taxation, Ethical Investment and Tipping, and Behavioral Law and Macroeconomics. Each contribution includes an extensive bibliography.
Selected Contents:
List of Tables and Figures
Introduction by Morris Altman
Part 1: Inside the Economic Agent
1. Inside Economic Man: Behavioral Economics and Consumer Behavior, Paul Albanese
2. Physiology and Behavioral Economics: The New Findings from Evolutionary Neuroscience, Gerald A. Cory, Jr.
3. Intuition in Behavioral Economics, Roger Frantz
4. Introspective Economics: Broadening Psychology's Reach, David George
5. Integrating Emotions into Economic Theory, Bruce E. Kaufman
6. On the Economics of Subselves: Toward a Metaeconomics, Gary D. Lynne
Part 2: Context and Modeling
7. What a Difference an Assumption Makes: Effort Discretion, Economic Theory, and Public Policy, Morris Altman
8. Group Selection and Behavioral Economics, Alexander J. Field
9. Beliefs In Behavioral And Neo-Classical Economics, Alan James MacFadyen
10. Reclaiming Moral Sentiments: Behavioral Economics and the Ethical Foundations of Capitalism, Shlomo Maital
11. Bounded Rationality: Two Interpretations from Psychology, Jörg Rieskamp, Ralph Hertwig, Peter M. Todd
12. Behavioral Versus Neoclassical Economics: Paradigm Shift Or Generalization?, Kevin Sontheimer
13. Organizational Capital and Personal Capital: The Role of Intangible Capital Formation in the Economy, John F. Tomer
Part 3: Decision Making
14. How To Do As Well As You Can: The Psychology of Economic Behavior and Behavioral Ecology, Stephen E. G. Lea
15. Discounting, Self-Control and Saving, Ellen K. Nyhus and Paul Webley
16. Rational Choice Theory Versus Cultural Theory: On Taste and Social Capital, Peter Lunt
17. Deliberation Cost as a Foundation for Behavioral Economics, Mark Pingle
18. In-Depth Interviews as a Means of Understanding Economic Reasoning: Decision Making as Explained by Business Leaders and Business Economists, Hugh Schwartz
Part 4: Experiments and Implications
19. Classroom Experiments in Behavioral Economics, Gerrit Antonides, Fergus Bolger, and Ger Trip
20. A Behavioral Approach To Distribution And Bargaining, Werner Güth and Andreas Ortmann
21. The Context, or Reference, Dependence of Economic Values: Further Evidence and Some Predictable Patterns, Jack L. Knetsch and Fang-Fang Tang
22. Experiments and Behavioral Economics, Robert J. Oxoby
Part 5: Labor-Related Issues
23. Behavioral Labor Economics, Nathan Berg
24. Hours of Labor Supply: A More Flexible Approach, Lonnie Golden
Part 6: Gender and Decision Making
25. Chicks, Hawks, and Patriarchal Institutions, Nancy Folbre
26. Economic Decisions in the Private Household, Erich Kirchler and Eva Hofman
Part 7: Life and Death
27. A Prolegomenon to Behavioral Economic Studies of Suicide, Bijou Yang and David Lester
28. Rational Health-Compromising Behavior and Economic Intervention, Gideon Yaniv
Part 8: Taxation, Ethical Investment and Tipping
29. Taxation and the Contribution of Behavioral Economics, Simon James
30. Ethical Investing: Where Are We Now?, John Cullis, Philip Jones, and Alan Lewis
31. Tipping in Restaurants and Around the Globe: An Interdisciplinary Review, Michael Lynn
Part 9: Development, Behavioral Law and Money
32. Economic Development, Equality, Income Distribution and Ethics, Erik Thorbecke
33. Insufficient Social Capital and Economic Underdevelopment, Hamid Hosseini
34. Behavioral Law and Economics: an Introduction, Thomas S. Ulen
35.Elements of Behavioral Monetary Economics, Tobias F. Rötheli
36. Behavioral Finance, Tomasz Zaleskiewicz
About the Editor and Contributors
Index