The Beginnings of Behavioral Economics

Written By Roger Frantz
The Beginnings of Behavioral Economics
  • Publsiher : Academic Press
  • Release : 05 October 2019
  • ISBN : 0128157054
  • Pages : 258 pages
  • Rating : 4/5 from 21 reviews
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Read or download book entitled The Beginnings of Behavioral Economics written by Roger Frantz which was release on 05 October 2019, this book published by Academic Press. Available in PDF, EPUB and Kindle Format. Book excerpt: The Beginnings of Behavioral Economics: Katona, Simon, and Leibenstein's X-Efficiency Theory explores the mid-20th century roots of behavioral economics, placing the origin of this now-dominant approach to economic theory many years before the groundbreaking 1979 work on prospect theory by Daniel Kahneman and Amos Tversky. It discusses the work of Harvey Leibenstein, Herbert Simon, George Katona, and Frederick Hayek, reintroducing their contributions as founding pillars of the behavioral approach. It concentrates on the work of Leibenstein, reviewing his nuanced introduction of X-efficiency theory. Building from these foundations, the work explores the body of empirical research on market power and firm behavior – XE relationship. This book is a tremendous resource for graduate students and early career researchers in behavioral economics, experimental economics, organizational economics, social and organizational psychology, labor market economics and public policy. Reviews the powerful, but neglected contributions of mid-20th century scholars, like Leibenstein and Katona in building the roots of behavioral economic theory Amalgamates and reviews 50 years of empirical research and over 200 empirical papers on X-efficiency theory Establishes how X-efficiency can aid modern behavioral economics in further developing firm theory and understanding efficiency wages

The Beginnings of Behavioral Economics

The Beginnings of Behavioral Economics
  • Author : Roger Frantz
  • Publisher : Academic Press
  • Release Date : 2019-10-05
  • Total pages : 258
  • ISBN : 0128157054
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Summary : The Beginnings of Behavioral Economics: Katona, Simon, and Leibenstein's X-Efficiency Theory explores the mid-20th century roots of behavioral economics, placing the origin of this now-dominant approach to economic theory many years before the groundbreaking 1979 work on prospect theory by Daniel Kahneman and Amos Tversky. It discusses the work of ...

Behavioral Economics

Behavioral Economics
  • Author : Floris Heukelom
  • Publisher : Cambridge University Press
  • Release Date : 2014-02-17
  • Total pages : 238
  • ISBN : 0128157054
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Summary : "In economics, the market has been understood to steer behavior towards a competitive equilibrium in which all economic actors behave optimally, and in which welfare of society is maximized. Yet many economists have also seen shortcomings to this ideal picture of the market in the form of limited information, too ...

Behavioral Economics and Its Applications

Behavioral Economics and Its Applications
  • Author : Peter Diamond,Hannu Vartiainen
  • Publisher : Princeton University Press
  • Release Date : 2012-01-12
  • Total pages : 336
  • ISBN : 0128157054
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Summary : In the last decade, behavioral economics, borrowing from psychology and sociology to explain decisions inconsistent with traditional economics, has revolutionized the way economists view the world. But despite this general success, behavioral thinking has fundamentally transformed only one field of applied economics-finance. Peter Diamond and Hannu Vartiainen's Behavioral Economics and ...

Behavioural Economics

Behavioural Economics
  • Author : Graham Mallard
  • Publisher : Agenda Publishing
  • Release Date : 2017
  • Total pages : 176
  • ISBN : 0128157054
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Summary : This book introduces behavioral economics, explaining its approach and methodology and assessing its successes and weaknesses. Graham Mallard explores how it has advanced our understanding of human preferences and decision making and the ways in which findings from behavioral economics have been used to alter the decisions people make....

Hayek and Behavioral Economics

Hayek and Behavioral Economics
  • Author : Roger Frantz,Robert Leeson
  • Publisher : Palgrave Macmillan
  • Release Date : 2013-01-30
  • Total pages : 349
  • ISBN : 0128157054
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Summary : Friedrich Hayek was awarded the 1974 Nobel Prize for Economic Sciences for his contributions to the analysis of money and the business cycle, and for his penetrating analysis of the interdependence of economic, social and institutional phenomena. Hayek was a polymath: he systematically analyzed human rationality, the nature of knowledge, and ...

Behavioral Economics and Nuclear Weapons

Behavioral Economics and Nuclear Weapons
  • Author : Anne I. Harrington,Jeffrey W. Knopf
  • Publisher : University of Georgia Press
  • Release Date : 2019
  • Total pages : 214
  • ISBN : 0128157054
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Summary : Recent discoveries in psychology and neuroscience have improved our understanding of why our decision making processes fail to match standard social science assumptions about rationality. As researchers such as Daniel Kahneman, Amos Tversky, and Richard Thaler have shown, people often depart in systematic ways from the predictions of the rational ...

The Oxford Handbook of Behavioral Economics and the Law

The Oxford Handbook of Behavioral Economics and the Law
  • Author : Eyal Zamir,Doron Teichman
  • Publisher : Oxford University Press, USA
  • Release Date : 2014
  • Total pages : 824
  • ISBN : 0128157054
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Summary : The past twenty years have witnessed a surge in behavioral studies of law and law-related issues. These studies have challenged the application of the rational-choice model to legal analysis and introduced a more accurate and empirically grounded model of human behavior. This integration of economics, psychology, and law is breaking ...

Behavioural Economics

Behavioural Economics
  • Author : Michelle Baddeley
  • Publisher : Oxford University Press
  • Release Date : 2017-01-19
  • Total pages : 160
  • ISBN : 0128157054
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Summary : Traditionally economists have based their economic predictions on the assumption that humans are super-rational creatures, using the information we are given efficiently and generally making selfish decisions that work well for us as individuals. Economists also assume that we're doing thevery best we can possibly do - not only for ...

Is Behavioral Economics Doomed

Is Behavioral Economics Doomed
  • Author : David K. Levine
  • Publisher : Open Book Publishers
  • Release Date : 2012
  • Total pages : 152
  • ISBN : 0128157054
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Summary : In this book, David K. Levine questions the idea that behavioral economics is the answer to economic problems. He explores the successes and failures of contemporary economics both inside and outside the laboratory, and asks whether popular behavioral theories of psychological biases are solutions to the failures. The book not ...

Measuring Utility

Measuring Utility
  • Author : Ivan Moscati
  • Publisher : Unknown
  • Release Date : 2018
  • Total pages : 212
  • ISBN : 0128157054
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Summary : This text reconstructs the history of utility measurement in economics, from the marginal revolution of the 1870s to the beginning of behavioral economics in the mid-1980s....

Routledge Handbook of Behavioral Economics

Routledge Handbook of Behavioral Economics
  • Author : Roger Frantz,Shu-Heng Chen,Kurt Dopfer,Floris Heukelom,Shabnam Mousavi
  • Publisher : Routledge
  • Release Date : 2016-08-05
  • Total pages : 422
  • ISBN : 0128157054
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Summary : 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 ...

The Foundations of Behavioral Economic Analysis

The Foundations of Behavioral Economic Analysis
  • Author : Sanjit Dhami
  • Publisher : Unknown
  • Release Date : 2019-06-27
  • Total pages : 464
  • ISBN : 0128157054
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Summary : This fourth volume of The Foundations of Behavioral Economic Analysis covers behavioral game theory. It is an essential guide for advanced undergraduate and postgraduate students seeking a concise and focused text on this important subject, and examines the evidence on classical game theory and several models of behavioral game theory, ...

Advances in Behavioral Economics

Advances in Behavioral Economics
  • Author : Colin F. Camerer,George Loewenstein,Matthew Rabin
  • Publisher : Princeton University Press
  • Release Date : 2011-12-12
  • Total pages : 768
  • ISBN : 0128157054
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Summary : Twenty years ago, behavioral economics did not exist as a field. Most economists were deeply skeptical--even antagonistic--toward the idea of importing insights from psychology into their field. Today, behavioral economics has become virtually mainstream. It is well represented in prominent journals and top economics departments, and behavioral economists, including several ...

Handbook of Contemporary Behavioral Economics

Handbook of Contemporary Behavioral Economics
  • Author : Morris Altman
  • Publisher : Routledge
  • Release Date : 2015-01-30
  • Total pages : 784
  • ISBN : 0128157054
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Summary : At a time when both scholars and the public demand explanations and answers to key economic problems that conventional approaches have failed to resolve, this groundbreaking handbook of original works by leading behavioral economists offers the first comprehensive articulation of behavioral economics theory. Borrowing from the findings of psychologists, sociologists, ...

Behavioral Economics and Public Health

Behavioral Economics and Public Health
  • Author : Ichiro Kawachi
  • Publisher : Oxford University Press, USA
  • Release Date : 2015-09-25
  • Total pages : 367
  • ISBN : 0128157054
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Summary : Behavioral economics has potential to offer novel solutions to some of today's most pressing public health problems: How do we persuade people to eat healthy and lose weight? How can health professionals communicate health risks in a way that is heeded? How can food labeling be modified to inform healthy ...