The Beginnings of Behavioral Economics

Written By Roger Frantz
The Beginnings of Behavioral Economics
  • Publsiher : Academic Press
  • Release : 05 October 2019
  • ISBN : 0128157054
  • Pages : 258 pages
  • Rating : 4/5 from 21 reviews
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Read or download book entitled The Beginnings of Behavioral Economics written by Roger Frantz which was release on 05 October 2019, this book published by Academic Press. Available in PDF, EPUB and Kindle Format. Book excerpt: 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

The Beginnings of Behavioral Economics

The Beginnings of Behavioral Economics
  • Author : Roger Frantz
  • Publisher : Academic Press
  • Release Date : 2019-10-05
  • Total pages : 258
  • ISBN : 0128157054
GET BOOK

Summary : 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 ...

Advances in Behavioral Economics

Advances in Behavioral Economics
  • Author : Colin F. Camerer,George Loewenstein,Matthew Rabin
  • Publisher : Princeton University Press
  • Release Date : 2011-12-12
  • Total pages : 768
  • ISBN : 0128157054
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Summary : 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 ...

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 Date : 2016-08-05
  • Total pages : 434
  • ISBN : 0128157054
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Summary : 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 ...

Behavioral Economics

Behavioral Economics
  • Author : Floris Heukelom
  • Publisher : Unknown
  • Release Date : 2014
  • Total pages : 223
  • ISBN : 0128157054
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Summary : "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 ...

Behavioral Economics

Behavioral Economics
  • Author : Edward Cartwright
  • Publisher : Routledge
  • Release Date : 2018-01-23
  • Total pages : 556
  • ISBN : 0128157054
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Summary : Over the last few decades behavioral economics has revolutionized the discipline. It has done so by putting the human back into economics, by recognizing that people sometimes make mistakes, care about others and are generally not as cold and calculating as economists have traditionally assumed. The results have been exciting ...

The Foundations of Behavioral Economic Analysis

The Foundations of Behavioral Economic Analysis
  • Author : Sanjit Dhami
  • Publisher : Oxford University Press, USA
  • Release Date : 2019-12-16
  • Total pages : 304
  • ISBN : 0128157054
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Summary : This sixth volume of The Foundations of Behavioral Economic Analysis covers behavioral models of learning. It is an essential guide for advanced undergraduate and postgraduate students seeking a concise and focused text on this important subject, and examines evolutionary game theory, models of learning, and stochastic social dynamics. This updated ...

Kahneman and Tversky and the Origin of Behavioral Economics

Kahneman and Tversky and the Origin of Behavioral Economics
  • Author : Floris Heukelom
  • Publisher : Unknown
  • Release Date : 2006
  • Total pages : 22
  • ISBN : 0128157054
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Summary : Download or read online Kahneman and Tversky and the Origin of Behavioral Economics written by Floris Heukelom, published by which was released on 2006. Get Kahneman and Tversky and the Origin of Behavioral Economics Books now! Available in PDF, ePub and Kindle....

Kahnemann and Tversky and the making of behavioral economics

Kahnemann and Tversky and the making of behavioral economics
  • Author : Anonim
  • Publisher : Rozenberg Publishers
  • Release Date : 2009
  • Total pages : 177
  • ISBN : 0128157054
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Summary : Download or read online Kahnemann and Tversky and the making of behavioral economics written by , published by Rozenberg Publishers which was released on 2009. Get Kahnemann and Tversky and the making of behavioral economics Books now! Available in PDF, ePub and Kindle....

Behavioral Economics for Tourism

Behavioral Economics for Tourism
  • Author : Milena S. Nikolova
  • Publisher : Academic Press
  • Release Date : 2020-09-24
  • Total pages : 278
  • ISBN : 0128157054
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Summary : Behavioral Economics for Tourism applies behavioral perspectives to business and policy challenges in the tourism industry. The book enables professionals and early career researchers to succeed by focusing on market and consumer trends, technological advancements, and the modern tourist. It covers the transformation of purchasing decisions, tourism hosting dynamics, digital ...

Behavioral Economics

Behavioral Economics
  • Author : Fabrizio Ghisellini,Beryl Y. Chang
  • Publisher : Springer
  • Release Date : 2018-07-06
  • Total pages : 234
  • ISBN : 0128157054
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Summary : This book sets the agenda to turn behavioral economics, which has long been considered a subordinate discipline, into mainstream economics. Ghisellini and Chang expose the conceptual and empirical inadequacy of conventional economics using illustrations of real world decision-making in a dynamic environment, including evidence from the global financial crisis. With ...

Real World Decision Making An Encyclopedia of Behavioral Economics

Real World Decision Making  An Encyclopedia of Behavioral Economics
  • Author : Morris Altman
  • Publisher : ABC-CLIO
  • Release Date : 2015-06-23
  • Total pages : 499
  • ISBN : 0128157054
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Summary : The first and only encyclopedia to focus on the economic and financial behaviors of consumers, investors, and organizations, including an exploration of how people make good—and bad—economic decisions. • Contains an informative introductory essay that familiarizes students with the various aspects of behavioral economics • Provides a list of additional ...

Handbook of Contemporary Behavioral Economics

Handbook of Contemporary Behavioral Economics
  • Author : Morris Altman
  • Publisher : M.E. Sharpe
  • Release Date : 2006
  • Total pages : 762
  • ISBN : 0128157054
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Summary : Download or read online Handbook of Contemporary Behavioral Economics written by Morris Altman, published by M.E. Sharpe which was released on 2006. Get Handbook of Contemporary Behavioral Economics Books now! Available in PDF, ePub and Kindle....

Hayek and Behavioral Economics

Hayek and Behavioral Economics
  • Author : R. Frantz,R. Leeson
  • Publisher : Springer
  • Release Date : 2013-01-31
  • Total pages : 349
  • ISBN : 0128157054
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Summary : 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....

Behavioral Economics and Its Applications

Behavioral Economics and Its Applications
  • Author : Peter Diamond,Hannu Vartiainen
  • Publisher : Princeton University Press
  • Release Date : 2012-01-12
  • Total pages : 336
  • ISBN : 0128157054
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Summary : In the last decade, behavioral economics, borrowing from psychology and sociology to explain decisions inconsistent with traditional economics, has revolutionized the way economists view the world. But despite this general success, behavioral thinking has fundamentally transformed only one field of applied economics-finance. Peter Diamond and Hannu Vartiainen's Behavioral Economics and ...

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 Date : 2016-08-05
  • Total pages : 434
  • ISBN : 0128157054
GET BOOK

Summary : 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 ...