The book presents an integrative viewpoint of behavioral economics as an approach to analyze the behavior of decision-makers in various economic situations. Special attention is paid to the significance of experimental methods, enabling for example the collection of information for a decision-maker in a dynamic decision situation, to reduce uncertainty. In addition, behavioral economics offers the possibility to study human choices in the context of the economic life of people, also considering their perception of reality in their own cognitive categories.

This book tries to answer some intriguing questions concerning the power of agoral gatherings. The 20th century is discussed as an age of crowds and masses. The book asks why the communist system disappeared in Europe during the last two decades of the 20th century and examines the factors which determined the collapse of the main military, political, social, economic and even symbolic infrastructures of the communist system in Europe. It poses the question why the end of communism in Europe was a peaceful phenomenon except in the Balkan Peninsula. The author also discusses the predictability...