The Beginnings of Behavioral Economics

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

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  • Author : Roger Frantz
  • Publisher : Academic Press
  • Pages : 258 pages
  • ISBN : 0128157054
  • Rating : 4/5 from 21 reviews
CLICK HERE TO GET THIS BOOKThe Beginnings of Behavioral Economics

The Beginnings of Behavioral Economics

The Beginnings of Behavioral Economics
  • Author : Roger Frantz
  • Publisher : Academic Press
  • Release : 05 October 2019
GET THIS BOOKThe Beginnings of Behavioral Economics

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

Handbook of Behavioral Economics - Foundations and Applications 2

Handbook of Behavioral Economics - Foundations and Applications 2
  • Author : Anonim
  • Publisher : Elsevier
  • Release : 11 February 2019
GET THIS BOOKHandbook of Behavioral Economics - Foundations and Applications 2

Handbook of Behavioral Economics, Volume 2, Foundations and Applications offers critical perspectives on theoretical work within behavioral economics, delivering a comprehensive, critical, up-to-date, and accessible review of the field that has always been missing. This literature summary of the conceptual foundations underlying behavioral economics is written by, and for, economists, with chapters covering Intertemporal choice, Reference-dependent preferences, Beliefs, Cognition, Social preferences, Behavioral game theory, Welfare, and Neuroeconomics. Helps academic and non-academic economists understand recent rapid changes in theoretical advances within behavioral

Behavioral Economics

Behavioral Economics
  • Author : Floris Heukelom
  • Publisher : Cambridge University Press
  • Release : 17 February 2014
GET THIS BOOKBehavioral Economics

"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 few buyers or sellers, adverse selection, moral hazards, and other caveats. What psychologists Daniel Kahneman and Amos Tversky brought to economics in the 1980s, was the idea that imperfections in

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 : 05 August 2016
GET THIS BOOKRoutledge Handbook of Behavioral Economics

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

Misbehaving: The Making of Behavioral Economics

Misbehaving: The Making of Behavioral Economics
  • Author : Richard H. Thaler
  • Publisher : W. W. Norton & Company
  • Release : 11 May 2015
GET THIS BOOKMisbehaving: The Making of Behavioral Economics

Winner of the Nobel Prize in Economics Get ready to change the way you think about economics. Nobel laureate Richard H. Thaler has spent his career studying the radical notion that the central agents in the economy are humans—predictable, error-prone individuals. Misbehaving is his arresting, frequently hilarious account of the struggle to bring an academic discipline back down to earth—and change the way we think about economics, ourselves, and our world. Traditional economics assumes rational actors. Early in

Handbook of Behavioral Economics - Foundations and Applications 1

Handbook of Behavioral Economics - Foundations and Applications 1
  • Author : Anonim
  • Publisher : Elsevier
  • Release : 27 September 2018
GET THIS BOOKHandbook of Behavioral Economics - Foundations and Applications 1

Handbook of Behavioral Economics: Foundations and Applications presents the concepts and tools of behavioral economics. Its authors are all economists who share a belief that the objective of behavioral economics is to enrich, rather than to destroy or replace, standard economics. They provide authoritative perspectives on the value to economic inquiry of insights gained from psychology. Specific chapters in this first volume cover reference-dependent preferences, asset markets, household finance, corporate finance, public economics, industrial organization, and structural behavioural economics. This

Philosophical Problems of Behavioural Economics

Philosophical Problems of Behavioural Economics
  • Author : Stefan Heidl
  • Publisher : Routledge
  • Release : 05 May 2016
GET THIS BOOKPhilosophical Problems of Behavioural Economics

The goal of behavioural economics is to improve the explanatory and predictive power of economics. This can be achieved by using theoretical and methodological resources of psychology. Its fundamental idea is that the relationship between psychology and economics cannot be subsumed under standard philosophical accounts of intertheoretical relations. Philosophical Problems of Behavioural Economics argues that behavioural economics is best understood as an attempt to deidealize economic theory guided by psychological research. Behavioural economics deconstructs the model of decision-making by adding

Measuring Utility

Measuring Utility
  • Author : Ivan Moscati
  • Publisher : Oxford Studies in History of E
  • Release : 22 November 2018
GET THIS BOOKMeasuring Utility

Utility is a key concept in the economics of individual decision-making. However, utility is not measurable in a straightforward way. As a result, from the very beginning there has been debates about the meaning of utility as well as how to measure it. This book is an innovative investigation of how these arguments changed over time. Measuring Utility reconstructs economists' ideas and discussions about utility measurement from 1870 to 1985, as well as their attempts to measure utility empirically. The book brings

Is Behavioral Economics Doomed?

Is Behavioral Economics Doomed?
  • Author : David K. Levine
  • Publisher : Open Book Publishers
  • Release : 18 September 2021
GET THIS BOOKIs Behavioral Economics Doomed?

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 only provides an overview of popular behavioral theories and their history, but also gives the reader the tools for scrutinizing them.

Handbook of Contemporary Behavioral Economics

Handbook of Contemporary Behavioral Economics
  • Author : Morris Altman
  • Publisher : Routledge
  • Release : 30 January 2015
GET THIS BOOKHandbook of Contemporary Behavioral Economics

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, political scientists, legal scholars, and biologists, among others, behavioral economists find that intelligent individuals often tend not to behave as effectively or efficiently in their economic decisions as long held

Behavioral Economics

Behavioral Economics
  • Author : Philip J. Corr,Anke C. Plagnol
  • Publisher : Unknown Publisher
  • Release : 18 September 2021
GET THIS BOOKBehavioral Economics

What is behavioral economics and why is it important? -- The ascent and dissent of economics -- Econ: homo economicus -- Human: more homer (simpson) than homo economicus -- Manners, monkeys and moods -- Nudge: whys, ways and weasels -- Sell! the commercial (and political) world of persuasion

A Course in Behavioral Economics

A Course in Behavioral Economics
  • Author : Erik Angner
  • Publisher : Red Globe Press
  • Release : 22 October 2020
GET THIS BOOKA Course in Behavioral Economics

This textbook looks at the theory of decisions and how we come to make them. What lies behind the choices and how we make them? Luck? Faith? Science? In this concise and reader-friendly textbook, Erik Angner clearly lays out the theory of behavioral economics and explains the intuitions behind it. This introductory text is full of examples, exercises, and problems drawn from fields such as economics, management, marketing, political science and public policy. Among other things, the book shows how

An Introduction to Behavioral Economics

An Introduction to Behavioral Economics
  • Author : Nick Wilkinson,Matthias Klaes
  • Publisher : Macmillan International Higher Education
  • Release : 10 December 2017
GET THIS BOOKAn Introduction to Behavioral Economics

The third edition of this successful textbook introduces students to behavioral economics. It offers a critical examination of the latest literature, research, developments and debates in the field by discussing topics such as evolutionary psychology and neuroscience. Contains a wealth of case studies, examples and review questions.

The Behavioral Economics of Inflation Expectations

The Behavioral Economics of Inflation Expectations
  • Author : Tobias Rötheli
  • Publisher : Cambridge University Press
  • Release : 31 July 2020
GET THIS BOOKThe Behavioral Economics of Inflation Expectations

As one of the first texts to take a behavioral approach to macroeconomic expectations, this book introduces a new way of doing economics. Rötheli uses cognitive psychology in a bottom-up method of modeling macroeconomic expectations. His research is based on laboratory experiments and historical data, which he extends to real-world situations. Pattern extrapolation is shown to be the key to understanding expectations of inflation and income. The quantitative model of expectations is used to analyze the course of inflation

Hayek and Behavioral Economics

Hayek and Behavioral Economics
  • Author : R. Frantz,R. Leeson
  • Publisher : Springer
  • Release : 31 January 2013
GET THIS BOOKHayek and Behavioral Economics

An exploration of Friedrich Hayek's contribution to the foundation of behavioural economics, and how his work interacted with and complemented that of his contemporaries. Chapters include detailed discussions of the concept of rationality, psychology and Hayek's philosophical theories as well as the historical context in which he lived and worked.