| Description |
1 online resource (141 pages) : illustrations. |
|
data file |
| Physical Medium |
polychrome |
| Series |
OpenBook Publishers.
|
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Open Access e-Books.
|
| Bibliography |
Includes bibliographical references and index. |
| Contents |
Does Economic Theory Work? -- Why Is The World So Irrational? -- Does Economic Theory Fail? -- You Can Fool Some Of The People ... -- Behavioral Theories I: Biases and Irrationality -- Behavioral Theories II: Time and Uncertainty -- Learning and Friends -- Conclusion: Psychology, Neuroscience and Economics. |
| Summary |
"It is fashionable to criticize economic theory for focusing too much on rationality and ignoring the imperfect and emotional way in which real economic decisions are reached. All of us facing the global economic crisis wonder just how rational economic men and women can be. Behavioral economics -- an effort to incorporate psychological ideas into economics -- has become all the rage. This book by well-known economist David K. Levine questions the idea that behavioral economics is the answer to economic problems. It explores the successes and failures of contemporary economics both inside and outside the laboratory. It then asks whether popular behavioral theories of psychological biases are solutions to the failures. It not only provides an overview of popular behavioral theories and their history, but also gives the reader the tools for scrutinizing them. Levine's book is essential reading for students and teachers of economic theory and anyone interested in the psychology of economics."--Publisher's website. |
| Local Note |
JSTOR Books at JSTOR Open Access |
| Language |
English. |
| Subject |
Economics -- Psychological aspects.
|
|
Economics -- Psychological aspects. |
| Indexed Term |
Economic models |
|
Economic theory |
|
Economics |
|
Game theory |
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Microeconomics |
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Psychology |
|
Rationality |
| Genre/Form |
Electronic books.
|
|
Electronic books.
|
| Other Form: |
Print version: Levine, David K. Is Behavioral Economics Doomed? : The Ordinary versus the Extraordinary. Cambridge : Open Book Publishers, ©1900 9781906924935 |
| ISBN |
9781906924942 (electronic book) |
|
1906924945 (electronic book) |
|
9781906924959 (electronic book) |
|
1906924953 (electronic book) |
|
9781906924966 (electronic book) |
|
1906924961 (electronic book) |
|
9781906924935 (electronic book) |
|
1906924937 (electronic book) |
|
9781906924928 (paperback) |
|
1906924929 |
|
1906924937 |
| Standard No. |
10.11647/OBP.0021 |
|
9781906924935 |
|
