UID:
edocfu_9959156168202883
Format:
1 online resource (768 p.) :
,
50 line illus. 25 tables.
ISBN:
9781400829118
Series Statement:
The Roundtable Series in Behavioral Economics
Content:
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 contributors to this volume, have garnered some of the most prestigious awards in the profession. This book assembles the most important papers on behavioral economics published since around 1990. Among the 25 articles are many that update and extend earlier foundational contributions, as well as cutting-edge papers that break new theoretical and empirical ground. Advances in Behavioral Economics will serve as the definitive one-volume resource for those who want to familiarize themselves with the new field or keep up-to-date with the latest developments. It will not only be a core text for students, but will be consulted widely by professional economists, as well as psychologists and social scientists with an interest in how behavioral insights are being applied in economics. The articles, which follow Colin Camerer and George Loewenstein's introduction, are by the editors, George A. Akerlof, Linda Babcock, Shlomo Benartzi, Vincent P. Crawford, Peter Diamond, Ernst Fehr, Robert H. Frank, Shane Frederick, Simon Gächter, David Genesove, Itzhak Gilboa, Uri Gneezy, Robert M. Hutchens, Daniel Kahneman, Jack L. Knetsch, David Laibson, Christopher Mayer, Terrance Odean, Ted O'Donoghue, Aldo Rustichini, David Schmeidler, Klaus M. Schmidt, Eldar Shafir, Hersh M. Shefrin, Chris Starmer, Richard H. Thaler, Amos Tversky, and Janet L. Yellen.
Note:
Frontmatter --
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CONTENTS --
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LIST OF CONTRIBUTORS --
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PREFACE --
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ACKNOWLEDGMENTS --
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PART I: Introduction --
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CHAPTER ONE. Behavioral Economics: Past, Present, Future --
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PART II: Basic Topics --
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REFERENCE-DEPENDENCE AND LOSS-AVERSION --
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CHAPTER TWO. Experimental Tests of the Endowment Effect and the Coase Theorem --
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CHAPTER THREE. Mental Accounting Matters --
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PREFERENCES OVER RISKY AND UNCERTAIN OUTCOMES --
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CHAPTER FOUR. Developments in Nonexpected-Utility Theory: The Hunt for a Descriptive Theory of Choice under Risk --
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CHAPTER FIVE. Prospect Theory in the Wild: Evidence from the Field --
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INTERTEMPORAL CHOICE --
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CHAPTER SIX. Time Discounting and Time Preference: A Critical Review --
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CHAPTER SEVEN. Doing It Now or Later --
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FAIRNESS AND SOCIAL PREFERENCES --
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CHAPTER EIGHT. Fairness as a Constraint on Profit Seeking: Entitlements in the Market --
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CHAPTER NINE. A Theory of Fairness, Competition, and Cooperation --
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CHAPTER TEN. Incorporating Fairness into Game Theory and Economics --
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CHAPTER ELEVEN. Explaining Bargaining Impasse: The Role of Self-Serving Biases --
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GAME THEORY --
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CHAPTER TWELVE. Theory and Experiment in the Analysis of Strategic Interaction --
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CHAPTER THIRTEEN. Behavioral Game Theory: Predicting Human Behavior in Strategic Situations --
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PART III: Applications --
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MACROECONOMICS AND SAVINGS --
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CHAPTER FOURTEEN. Mental Accounting, Saving, and Self-Control --
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CHAPTER FIFTEEN. Golden Eggs and Hyperbolic Discounting --
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CHAPTER SIXTEEN. The Fair Wage-Effort Hypothesis and Unemployment --
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CHAPTER SEVENTEEN. Money Illusion --
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LABOR ECONOMICS --
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CHAPTER EIGHTEEN. Fairness and Retaliation: The Economics of Reciprocity --
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CHAPTER NINETEEN. Labor Supply of New York City Cab Drivers: One Day at a Time --
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CHAPTER TWENTY. Wages, Seniority, and the Demand for Rising Consumption Profiles --
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CHAPTER TWENTY-ONE. Incentives, Punishment, and Behavior --
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FINANCE --
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CHAPTER TWENTY-TWO. Myopic Loss-Aversion and the Equity Premium Puzzle --
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CHAPTER TWENTY-THREE. Do Investors Trade Too Much? --
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CHAPTER TWENTY-FOUR. Loss-Aversion and Seller Behavior: Evidence from the Housing Market --
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PART FOUR: NEW FOUNDATIONS --
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CHAPTER TWENTY-FIVE. Case-Based Decision Theory --
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CHAPTER TWENTY-SIX. Out of Control: Visceral Influences on Behavior --
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INDEX
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In English.
Language:
English
DOI:
10.1515/9781400829118
URL:
https://doi.org/10.1515/9781400829118
URL:
https://www.degruyter.com/isbn/9781400829118
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