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

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

Is Behavioral Economics Doomed?

Is Behavioral Economics Doomed?
  • Author : David K. Levine
  • Publisher : Open Book Publishers
  • Release : 21 January 2022
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.

Psychology and Behavioral Economics

Psychology and Behavioral Economics
  • Author : Kai Ruggeri
  • Publisher : Routledge
  • Release : 22 September 2021
GET THIS BOOKPsychology and Behavioral Economics

Psychology and Behavioral Economics offers an expert introduction to how psychology can be applied to a range of public policy areas. It examines the impact of psychological research for public policymaking in economic, financial, and consumer sectors; in education, healthcare, and the workplace; for energy and the environment; and in communications. Your energy bills show you how much you use compared to the average household in your area. Your doctor sends you a text message reminder when your appointment is

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.

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

Advances in Behavioral Economics

Advances in Behavioral Economics
  • Author : Colin F. Camerer,George Loewenstein,Matthew Rabin
  • Publisher : Princeton University Press
  • Release : 12 December 2011
GET THIS BOOKAdvances in Behavioral Economics

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

Behavioral Economics

Behavioral Economics
  • Author : Brandon Lehr
  • Publisher : Routledge
  • Release : 16 August 2021
GET THIS BOOKBehavioral Economics

Behavioral Economics: Evidence, Theory, and Welfare provides an engaging and accessible introduction to the motivating questions, real-world evidence, theoretical models, and welfare implications of behavioral economics concepts. Applications and examples — from household decisions, finance, public finance, labor, business, health, development, politics, education, energy, and sports — illustrate the broad relevance of behavioral economics for consumers, firms, markets, and policy makers alike. This textbook provides readers with both the intuition and analytical tools to apply behavioral economics concepts in understanding the complex

Behavioral Insights

Behavioral Insights
  • Author : Michael Hallsworth,Elspeth Kirkman
  • Publisher : MIT Press
  • Release : 01 September 2020
GET THIS BOOKBehavioral Insights

The definitive introduction to the behavioral insights approach, which applies evidence about human behavior to practical problems. Our behavior is strongly influenced by factors that lie outside our conscious awareness, although we tend to underestimate the power of this “automatic” side of our behavior. As a result, governments make ineffective policies, businesses create bad products, and individuals make unrealistic plans. In contrast, the behavioral insights approach applies evidence about actual human behavior—rather than assumptions about it—to practical problems.

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.

A Little History of Economics

A Little History of Economics
  • Author : Niall Kishtainy
  • Publisher : Yale University Press
  • Release : 07 March 2017
GET THIS BOOKA Little History of Economics

A lively, inviting account of the history of economics, told through events from ancient to modern times and the ideas of great thinkers in the field What causes poverty? Are economic crises inevitable under capitalism? Is government intervention in an economy a helpful approach or a disastrous idea? The answers to such basic economic questions matter to everyone, yet the unfamiliar jargon and math of economics can seem daunting. This clear, accessible, and even humorous book is ideal for young

Misbehaving

Misbehaving
  • Author : Richard H. Thaler
  • Publisher : W W Norton & Company Incorporated
  • Release : 21 January 2022
GET THIS BOOKMisbehaving

Argues that economical trends cannot be predicted as much as thought, mainly because humans are so unpredictable, and reveals how behavioral economic analysis opens up new ways to look at everything from household finance to assigning faculty offices in a new building. By the best-selling co-author of Nudge. Tour.