Handbook Of Behavioural Economics And Smart Decision Making
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| Author | : Morris Altman |
| Publisher | : Edward Elgar Publishing |
| Total Pages | : 607 |
| Release | : 2017-05-26 |
| Genre | : Business & Economics |
| ISBN | : 1782549595 |
This Handbook is a unique and original contribution of over thirty chapters on behavioural economics, examining and addressing an important stream of research where the starting assumption is that decision-makers are for the most part relatively smart or rational. This particular approach is in contrast to a theme running through much contemporary work where individuals’ behaviour is deemed irrational, biased, and error-prone, often due to how people are hardwired. In the smart people approach, where errors or biases occur and when social dilemmas arise, more often than not, improving the decision-making environment can repair these problems without hijacking or manipulating the preferences of decision-makers. This book covers a wide-range of themes from micro to macro, including various sub-disciplines within economics such as economic psychology, heuristics, fast and slow-thinking, neuroeconomics, experiments, the capabilities approach, institutional economics, methodology, nudging, ethics, and public policy.
| Author | : Morris Altman |
| Publisher | : Greenwood |
| Total Pages | : 0 |
| Release | : 2015-06-23 |
| Genre | : Business & Economics |
| ISBN | : 1440828156 |
"The main point of this encyclopedia is to provide a comprehensive set of definitions and explanations of key concepts in behavioral economics provided by respected researchers. Written by those who are publishing in the field, the encyclopedia entries are rigorous, timely, and up-to-date. For those interested in the increasingly important area of behavioral economics and the related fields of economic psychology, and institutional, evolutionary, and experimental economics, this volume provides conceptual clarifications and insights. Moreover, the various entries are largely written in plain English to be easily understandable to scholars from across the disciplinary divide, students at different stages of their education, as well to public policy experts, journalists, politicians, and members of the general public. All entries include references for those interested in venturing further into the realm of behavioral economics."--From Preface.
| Author | : Morris Altman |
| Publisher | : Academic Press |
| Total Pages | : 300 |
| Release | : 2020-05-26 |
| Genre | : Business & Economics |
| ISBN | : 0128114614 |
Smart Economic Decision-Making in a Complex World is a fresh and reality-based perspective on decision-making with significant implications for analysis, self-understanding and policy. The book examines the conditions under which smart people generate outcomes that improve their place of work, their household and society. Within this work, the curious reader will find interesting open questions on many fascinating areas of current economic debate, including, the role of realistic assumptions robust model building, understanding how and when non-neoclassical behavior is best practice, why the assumption of smart decision-makers is best to understand and explain our economies and societies, and under what conditions individuals can make the best possible choices for themselves and society at large. Additional sections cover when and how efficiency is achieved, why inefficiencies can persist, when and how consumer welfare is maximized, and what benchmarks should be used to determine efficiency and rationality.
| Author | : Milena S. Nikolova |
| Publisher | : Academic Press |
| Total Pages | : 284 |
| Release | : 2020-09-24 |
| Genre | : Business & Economics |
| ISBN | : 0128138122 |
Behavioral Economics for Tourism applies behavioral perspectives to business and policy challenges in the tourism industry. The book enables professionals and early career researchers to succeed by focusing on market and consumer trends, technological advancements, and the modern tourist. It covers the transformation of purchasing decisions, tourism hosting dynamics, digital mediation and disintermediation of tourism organizations, service design, and planning policy considerations. The volume concludes with case studies illustrating successful and unsuccessful behavioral tactics and strategies for tourism businesses and organizations. - Provides behavioral profiling of the digitally-informed, mobile, self-managed tourist - Allows the tourism industry to better understand tourists, both cognitively and emotionally - Supports business success, technology development and sustainability in the tourism industry - Features case studies on behavioral tactics and strategies for use in tourism
| Author | : Morris Altman |
| Publisher | : John Wiley & Sons |
| Total Pages | : 384 |
| Release | : 2012-02-28 |
| Genre | : Business & Economics |
| ISBN | : 1118085035 |
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 as instinctual behavior patterns, social pressure, and mental framing, can dramatically affect our day-to-day decision-making and financial choices. Based on psychology and rooted in real-world examples, Behavioral Economics For Dummies offers the sort of insights designed to help investors avoid impulsive mistakes, companies understand the mechanisms behind individual choices, and governments and nonprofits make public decisions. A friendly introduction to the study of how and why people really make financial decisions The author is a professor of behavioral and institutional economics at Victoria University An essential component to improving your financial decision-making (and even to understanding current events), Behavioral Economics For Dummies is important for just about anyone who has a bank account and is interested in why—and when—they spend money.
| Author | : Roger Frantz |
| Publisher | : Routledge |
| Total Pages | : 581 |
| Release | : 2016-08-05 |
| Genre | : Business & Economics |
| ISBN | : 1317589238 |
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 and future possibilities. Part One presents several different approaches to behavioural economics, including George Katona, Ken Boulding, Harvey Leibenstein, Vernon Smith, Herbert Simon, Gerd Gigerenzer, Daniel Kahneman, and Richard Thaler. This section looks at the origins and development of behavioral economics and compares and contrasts the work of these scholars who have been so influential in making this area so prominent. Part Two presents applications of behavioural economics including nudging; heuristics; emotions and morality; behavioural political economy, education, and economic innovation. The Routledge Handbook of Behavioral Economics is ideal for advanced economics students and faculty who are looking for a complete state-of-the-art overview of this dynamic field.
| Author | : Morris Altman |
| Publisher | : Edward Elgar Publishing |
| Total Pages | : 533 |
| Release | : 2023-03-02 |
| Genre | : Business & Economics |
| ISBN | : 1839107944 |
This comprehensive Handbook addresses a wide variety of methodological approaches adopted and developed by behavioural economists, exploring the implications of such innovations for analysis and policy.
| Author | : Daniel C. Krawczyk |
| Publisher | : Business Expert Press |
| Total Pages | : 224 |
| Release | : 2019-11-13 |
| Genre | : Business & Economics |
| ISBN | : 1949991814 |
This book describes the biases most relevant to investing, include background on how biases develop, and offer practical strategies to help you to improve your performance. The authors offer a guide to categorizing biases based on cutting-edge brain science, which will enable readers to implement best practices that guard against whole sets of biases. Emphasis is placed on the practical implications of financial decision-making and provides a scientific basis for adjusting investing practices, to avoid common cognitive traps.
| Author | : Hugh Schwartz |
| Publisher | : Archway Publishing |
| Total Pages | : 86 |
| Release | : 2018-05-02 |
| Genre | : Business & Economics |
| ISBN | : 1480862053 |
Behavioral economics may be losing its way by basing its analyses essentially on consumers and individuals alone, even though the results are also used to guide producers and other organizations. Producer and Organizational Decision-Making do not always share the same shortcomings as those of consumers and other individuals, according to Hugh Schwartz. Consider the achievements of entrepreneurs like Steve Jobs, Elon Musk and Jeff Bezos, whose behavior seems to have been quite contrary to the findings of behavioral economics. Schwartz argues that we need to examine the behavior of organizations--producers, non-profits and government entities--if we are to understand decisions of society as contexts vary and the size of organizations and their relative importance change. Join the author as he offers a history, analysis and critique of behavioral economics and some advice, perhaps controversial, on how to revitalize the field.
| Author | : Hannah Josepha Rachel Altman |
| Publisher | : Routledge |
| Total Pages | : 377 |
| Release | : 2021-12-19 |
| Genre | : Business & Economics |
| ISBN | : 1000522695 |
Economists have entered into the realm of sports to provide what they believe to be more cogent explanations for sport-related behaviour and to suggest ways in which incentives can improve sports outcomes. But prices and income, the traditional workhorses of conventional economics, can only provide partial explanations and understandings. Drawing on a bounded rationality approach to behavioural economics, this book demonstrates the analytical insights to be gained by supplementing the conventional economics toolbox with psychological, cognitive, sociological, and institutional factors. The international cast list of contributors cover a wide range of sports topics on which a behavioural approach can reveal new insights. These include preferences, managerial, efficiency, choking, doping, favouritism, athlete well- being, and spectator behaviour. Throughout the book, there is an emphasis on the cognitive limits to smart decision-making as well as the critical role played by the decision-making environment. This volume demonstrates that adopting a bounded rationality approach, complimented with other behaviouralist approaches, helps to better explain sport-related behavioural, sub-optimal behavioural, and market failures. It also provides insights that could be used to improve sports outcomes and the well-being of those involved in sports and to better configure policy to enhance sports performance. This groundbreaking book will be an indispensable reference to students and scholars of sports economics, sports management, and sports science.
