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Is Behavioral Economics Doomed? : The Ordinary Versus the Extraordinary

https://creativecommons.org/licenses/by-nc-nd/4.0/legalcode ;2012 David K. Levine ;ISBN: 1906924945 ;ISBN: 9781906924942 ;ISBN: 1906924937 ;ISBN: 9781906924935 ;EISBN: 1906924945 ;EISBN: 9781906924942 ;DOI: 10.11647/OBP.0021 ;OCLC: OCN: 849917882 ;OCLC: 849917882

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  • Title:
    Is Behavioral Economics Doomed? : The Ordinary Versus the Extraordinary
  • Author: Levine, David K
  • Subjects: Behavioral economics ; Business & Economics ; Consumer Behavior ; economic models ; economic theory ; Economics ; game theory ; microeconomics ; Nash equilibrium ; psychology ; rationality ; Risk aversion ; Subgame perfect equilibrium
  • 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.
  • Publisher: Cambridge, UK: Open Book Publishers
  • Creation Date: 2012
  • Format: 143
  • Language: English
  • Identifier: ISBN: 1906924945
    ISBN: 9781906924942
    ISBN: 1906924937
    ISBN: 9781906924935
    EISBN: 1906924945
    EISBN: 9781906924942
    DOI: 10.11647/OBP.0021
    OCLC: OCN: 849917882
    OCLC: 849917882
  • Source: Ebook Central Academic Complete
    OAPEN
    JSTOR eBooks: Open Access
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