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The Foundations of Behavioral Economic Analysis

The Foundations of Behavioral Economic Analysis
Author: Sanjit Dhami
Publisher: Oxford University Press
Total Pages: 464
Release: 2019-07-03
Genre: Business & Economics
ISBN: 0192586505

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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, including level-k and cognitive hierarchy models, quantal response equilibrium, and psychological game theory. This updated extract from Dhami's leading textbook allows the reader to pursue subsections of this vast and rapidly growing field and to tailor their reading to their specific interests in behavioural economics.


The Foundations of Behavioral Economic Analysis

The Foundations of Behavioral Economic Analysis
Author: Sanjit S. Dhami
Publisher: Oxford University Press
Total Pages: 1799
Release: 2016
Genre: Business & Economics
ISBN: 0198715528

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It considers the evidence against the exponential discounted utility model and describes several behavioral models such as hyperbolic discounting, attribute based models and the reference time theory. Part IV describes the evidence on classical game theory and considers several models of behavioral game theory, including level-k and cognitive hierarchy models, quantal response equilibrium, and psychological game theory. Part V considers behavioral models of learning that include evolutionary game theory, classical models of learning, experience weighted attraction model, learning direction theory, and stochastic social dynamics. Part VI studies the role of emotions; among other topics it considers projection bias, temptation preferences, happiness economics, and interaction between emotions and cognition. Part VII considers bounded rationality. The three main topics considered are judgment heuristics and biases, mental accounting, and behavioral finance.


The Handbook of Experimental Economics

The Handbook of Experimental Economics
Author: John H. Kagel
Publisher: Princeton University Press
Total Pages: 776
Release: 2016-09-20
Genre: Business & Economics
ISBN: 1400883172

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An indispensable survey of new developments and results in experimental economics When The Handbook of Experimental Economics first came out in 1995, the notion of economists conducting lab experiments to generate data was relatively new. Since then, the field has exploded. This second volume of the Handbook covers some of the most exciting new growth areas in experimental economics, presents the latest results and experimental methods, and identifies promising new directions for future research. Featuring contributions by leading practitioners, the Handbook describes experiments in macroeconomics, charitable giving, neuroeconomics, other-regarding preferences, market design, political economy, subject population effects, gender effects, auctions, and learning and the economics of small decisions. Contributors focus on key developments and report on experiments, highlighting the dialogue between experimenters and theorists. While most of the experiments consist of laboratory studies, the book also includes several chapters that report extensively on field experiments related to the subject area studied. Covers exciting new growth areas in experimental economics Features contributions by leading experts Describes experiments in macroeconomics, charitable giving, neuroeconomics, market design, political economy, gender effects, auctions, and more Highlights the dialogue by experimenters with theorists and each other Includes several chapters covering field experiments related to the subject area studied


The Art of Experimental Economics

The Art of Experimental Economics
Author: Gary Charness
Publisher: Routledge
Total Pages: 266
Release: 2021-08-27
Genre: Business & Economics
ISBN: 1000423026

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Applying experimental methods has become one of the most powerful and versatile ways to obtain economic insights, and experimental economics has especially supported the development of behavioral economics. The Art of Experimental Economics identifies and reviews 20 of the most important papers to have been published in experimental economics in order to highlight the power and methods of this area, and provides many examples of findings in behavioral economics that have extended knowledge in the economics discipline as a whole. Chosen through a combination of citations, recommendations by scholars in the field, and voting by members of leading societies, the 20 papers under review – some by Nobel prize-winning economists – run the full gamut of experimental economics from theoretical expositions to applications demonstrating experimental economics in action. Also written by a leading experimental economist, each chapter provides a brief summary of the paper, makes the case for why that paper is one of the top 20 in the field, discusses the use made of the experimental method, and considers related work to provide context for each paper. These reviews quickly expose readers to the breadth of application possibilities and the methodological issues, leaving them with a firm understanding of the legacy of the papers’ contributions. This text provides a survey of some of the very best research in experimental and behavioral economics and is a valuable resource for scholars and economics instructors, students seeking to develop capability in applying experimental methods, and economics researchers who wish to further explore the experimental approach.


Polycentric Games and Institutions

Polycentric Games and Institutions
Author: Michael Dean McGinnis
Publisher: University of Michigan Press
Total Pages: 564
Release: 2000
Genre: Business & Economics
ISBN: 9780472067145

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Uses game theory to model institutions


The Economics of Reciprocity, Giving and Altruism

The Economics of Reciprocity, Giving and Altruism
Author: NA NA
Publisher: Springer
Total Pages: 387
Release: 2019-06-12
Genre: Science
ISBN: 1349627453

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Reciprocity is a pervasive type of social interaction in encounters, groups and organizations. This volume gathers basic recent works in its main domains such as the theory of reciprocity, the public economics of transfers, the economics of the family, charities, gifts of organs, or the motivations for gift-giving. The book constitutes a landmark in this rapidly expanding field of research.


Personality and Cognition in Economic Decision Making

Personality and Cognition in Economic Decision Making
Author: Aurora García-Gallego
Publisher: Frontiers Media SA
Total Pages: 234
Release: 2017-08-22
Genre: Decision making
ISBN: 2889452360

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Psychologists studying cognitive processes and personality have increasingly benefited from the wealth of theory, methodology, and decision making paradigms used in economics and game theory. Similarly, for the economists, personality traits and basic cognitive processes offer a set of coherent explanatory constructs in economic behavior. Given the debate on preference invariance and behavioral consistency across contexts and domains, the papers in this topic shed light on the existence and effect of stable sets of idiosyncratic features on economic decision-making. While the effects of personality and cognition on economic decisions remain under-explored, the papers contributed in this topic offer more than a stimulus for further research. The general message could be that personality and cognitive processes offer the stable idiosyncratic ground on which individual decisions are made.