Behavioral Economics: Evidence, Theory, and Welfare

ISBN-13: 9780367426446 / Angielski / Miękka / 2021 / 520 str.

Brandon Lehr

Opis

This textbook 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 illustrate the broad relevance of behavioral economics for consumers, firms, markets, and policy makers alike.

Spis treści

Part I Foundations;  1. Introduction;  2. Standard Decision Making;  3. Behavioral Welfare Economics;  Part II Intertemporal Preferences;  4. Discounted Utility Model Anomalies;  5. Present Bias;  6. Consumption Dependence;  7. Market & Policy Responses to Present Bias;  Part III Reference-Dependent Preferences;  8. Reference-Independence Anomalies;  9. Reference Dependence;  10. Market & Policy Responses to Loss Aversion;  Part IV Preferences over Uncertainty;  11. Expected Utility Anomalies;  12. Non-Expected Utility;  Part V Social Preferences;  13. Self-Interested Preference Anomalies;  14. Social Preferences;  15. Market & Policy Responses to Social Preferences;  Part VI Beliefs;  16. Belief Anomalies;  17. Nonstandard Beliefs;  18. Market & Policy Responses to Nonstandard Beliefs;  Part VII Decision Processes;  19. Mental Accounting;  20. Inattention;  21. Market & Policy Responses to Mental Accounting & Inattention

O autorze

Brandon Lehr is Associate Professor of Economics at Occidental College, Los Angeles, USA.