Applied Decision Analysis And Economic Behaviour

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Applied Decision Analysis and Economic Behaviour

Author : Andrew J. Hughes Hallett
Publisher : Springer Science & Business Media
ISBN 13 : 9400961618
Total Pages : 359 pages
Book Rating : 4.4/5 (9 download)

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Book Synopsis Applied Decision Analysis and Economic Behaviour by : Andrew J. Hughes Hallett

Download or read book Applied Decision Analysis and Economic Behaviour written by Andrew J. Hughes Hallett and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 359 pages. Available in PDF, EPUB and Kindle. Book excerpt: The optimisation of economic systems over time, and in an uncertain environment, is central to the study of economic behaviour. The behaviour of rational decision makers, whether they are market agents, firms, or governments and their agencies, is governed by decisions designed to seeure the best outcomes subject to the perceived information and economic responses (inlcuding those of other agents). Economic behaviour has therefore to be analysed in terms of the outcomes of a multiperiod stochastic optimisation process containing four main components: the economic responses (the dynamic constraints, represented by an economic model); the objec tive function (the goals and their priorities); the conditioning information (expected exogenous events and the expected future state of the economy); and risk manage ment (how uncertainties are accommodated). The papers presented in this book all analyse some aspect of economic behaviour related to the objectives, information, or risk components of the decision process. While the construction of economic models obviously also has a vital role to play, that component has received much greater (or almost exclusive) attention elsewhere. These papers examine optimising behaviour in a wide range of economic problems, both theoretical and applied. They reflect a variety of concerns: economic responses under rational expectations; the Lucas critique and optimal fiscal or monetary poli eies; market management; partly endogenous goals; evaluating government reactions; locational decisions; uncertainty and information structures; and forecasting with endogenous reactions.

Prevention Effectiveness

Author : Anne C. Haddix
Publisher : Oxford University Press
ISBN 13 : 0195148975
Total Pages : 287 pages
Book Rating : 4.1/5 (951 download)

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Book Synopsis Prevention Effectiveness by : Anne C. Haddix

Download or read book Prevention Effectiveness written by Anne C. Haddix and published by Oxford University Press. This book was released on 2003 with total page 287 pages. Available in PDF, EPUB and Kindle. Book excerpt: As public accountability has increased and resources have become scarcer, public health, like clinical medicine, has been forced to re-examine the benefits and costs of its activities. Decision and economic analysis are basic tools in carrying out that mission. These methods have become standard practice in clinical medicine and health services research. This book , now in its second edition, was written in an effort to apply and adapt that experience with public health situations.The book was originally written to introduce Centers for Disease Control and Prevention staff to the concepts of decision and economic analysis, to provide guidance on methods to maximize comparability of studios, and to provide access to frequently used reference information. It has been adapted to meet the needs of scientists and managers in state and local health departments and managed care organizations as well as students in schools of public health and clinicians for an introductory text --a text that shows how these methods can be applied in population-based practice, to facilitate better comparability of studies, and to solidify understanding of the scientific basis for use of these tools in decision making. Decision makers will learn how these studies are conducted so they can be critical consumers-- understanding the strengths and limitations- and apply findings to policy and practice.The second edition updates and expands upon the standard methodology for condcuting prevention effectiveness analyses. Each chapter has been revised or re-written. The chapters on measuring effectiveness, decision analysis, and making information useful for decision makers as well as several appendices are entirely new.

Decision Theory With Imperfect Information

Author : Aliev Rafig Aziz
Publisher : World Scientific
ISBN 13 : 9814611050
Total Pages : 468 pages
Book Rating : 4.8/5 (146 download)

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Book Synopsis Decision Theory With Imperfect Information by : Aliev Rafig Aziz

Download or read book Decision Theory With Imperfect Information written by Aliev Rafig Aziz and published by World Scientific. This book was released on 2014-08-08 with total page 468 pages. Available in PDF, EPUB and Kindle. Book excerpt: Every day decision making in complex human-centric systems are characterized by imperfect decision-relevant information. The principal problems with the existing decision theories are that they do not have capability to deal with situations in which probabilities and events are imprecise. In this book, we describe a new theory of decision making with imperfect information. The aim is to shift the foundation of decision analysis and economic behavior from the realm bivalent logic to the realm fuzzy logic and Z-restriction, from external modeling of behavioral decisions to the framework of combined states.This book will be helpful for professionals, academics, managers and graduate students in fuzzy logic, decision sciences, artificial intelligence, mathematical economics, and computational economics.

Decision Modelling for Health Economic Evaluation

Author : Andrew Briggs
Publisher : OUP Oxford
ISBN 13 : 0191004952
Total Pages : 269 pages
Book Rating : 4.1/5 (91 download)

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Book Synopsis Decision Modelling for Health Economic Evaluation by : Andrew Briggs

Download or read book Decision Modelling for Health Economic Evaluation written by Andrew Briggs and published by OUP Oxford. This book was released on 2006-08-17 with total page 269 pages. Available in PDF, EPUB and Kindle. Book excerpt: In financially constrained health systems across the world, increasing emphasis is being placed on the ability to demonstrate that health care interventions are not only effective, but also cost-effective. This book deals with decision modelling techniques that can be used to estimate the value for money of various interventions including medical devices, surgical procedures, diagnostic technologies, and pharmaceuticals. Particular emphasis is placed on the importance of the appropriate representation of uncertainty in the evaluative process and the implication this uncertainty has for decision making and the need for future research. This highly practical guide takes the reader through the key principles and approaches of modelling techniques. It begins with the basics of constructing different forms of the model, the population of the model with input parameter estimates, analysis of the results, and progression to the holistic view of models as a valuable tool for informing future research exercises. Case studies and exercises are supported with online templates and solutions. This book will help analysts understand the contribution of decision-analytic modelling to the evaluation of health care programmes. ABOUT THE SERIES: Economic evaluation of health interventions is a growing specialist field, and this series of practical handbooks will tackle, in-depth, topics superficially addressed in more general health economics books. Each volume will include illustrative material, case histories and worked examples to encourage the reader to apply the methods discussed, with supporting material provided online. This series is aimed at health economists in academia, the pharmaceutical industry and the health sector, those on advanced health economics courses, and health researchers in associated fields.

Applied Decision Analysis

Author : Francisco Javier Girón
Publisher : Springer Science & Business Media
ISBN 13 : 9401707596
Total Pages : 257 pages
Book Rating : 4.4/5 (17 download)

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Book Synopsis Applied Decision Analysis by : Francisco Javier Girón

Download or read book Applied Decision Analysis written by Francisco Javier Girón and published by Springer Science & Business Media. This book was released on 2013-03-09 with total page 257 pages. Available in PDF, EPUB and Kindle. Book excerpt: Taking advantage of the many specialists visiting Spain prior to the INFORMS Meeting in Barcelona, hold from July 14th to July 17th 1997, we organized a work shop on Decision Analysis Applications at the Real Academia de Ciencias, Madrid, Spain, from J uly 11th to 12th 1997, under the sponsorship of de the Instituto Espaiia. This workshop had a precedent in the International Conference Decision Making: Towards the 21st Century also held at the Real Academia de Ciencias in 1993. The idea of organizing an event, this time devoted to applications of Decision Analysis, was due to Prof. Sixto Rfos, who some four years ago, .sponsored and encouraged by the Royal Academy of Sciences, was the creator of an Interdisciplinary Working Group on Decision Analysis -formed with researchers from within and outside this Academy- which has been active since then, organizing periodical meetings, and whose last project has tumed out into this Workshop. The workshop turned out to be an stimulating opportunity for communicating and discussing the enormous variety of applications of Decision Sciences. In this volume we have included most of the invited papers and a selection of refereed contributed papers. Due to the varied nature of the applications, we have grouped them into five groups ending, as way of an epilog, with a paper by Sarin which contains important insights and reftections on the nature of Decision Analysis in public and private sectors.

Decision Analysis and Behavioral Research

Author : D. von Winterfeldt
Publisher : Cambridge University Press
ISBN 13 : 9780521273046
Total Pages : 624 pages
Book Rating : 4.2/5 (73 download)

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Book Synopsis Decision Analysis and Behavioral Research by : D. von Winterfeldt

Download or read book Decision Analysis and Behavioral Research written by D. von Winterfeldt and published by Cambridge University Press. This book was released on 1986-09-26 with total page 624 pages. Available in PDF, EPUB and Kindle. Book excerpt: Decision analysis is a technology designed to help individuals and organizations make wise inferences and decisions. It synthesises ideas from economics, statistics, psychology, operations research, and other disciplines. A great deal of behavioural research is relevant to decision analysis; behavioural scientists have both suggested easy and natural ways to describe and quantify problems and shown the kind of errors to which unaided intuitive judgements can lead. This long-awaited book offers the4first integrative presentation of the principles of decision analysis in a behavioural context. The authors break new ground on a variety of technical topics (sensitivity analysis, the value-utility distinction, multistage inference, attitudes toward risk), and attempt to make intuitive sense out of what have been treated in the literature as endemic biases and other errors of human judgement. Those interested in artificial intelligence will find it the easiest presentation of hierarchical Bayesian inference available.

Multicriteria and Multiagent Decision Making with Applications to Economics and Social Sciences

Author : Aldo G. S. Ventre
Publisher : Springer
ISBN 13 : 3642356354
Total Pages : 321 pages
Book Rating : 4.6/5 (423 download)

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Book Synopsis Multicriteria and Multiagent Decision Making with Applications to Economics and Social Sciences by : Aldo G. S. Ventre

Download or read book Multicriteria and Multiagent Decision Making with Applications to Economics and Social Sciences written by Aldo G. S. Ventre and published by Springer. This book was released on 2013-12-06 with total page 321 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book provides a comprehensive and timely report on the topic of decision making and decision analysis in economics and the social sciences. The various contributions included in the book, selected using a peer review process, present important studies and research conducted in various countries around the globe. The majority of these studies are concerned with the analysis, modeling and formalization of the behavior of groups or committees that are in charge of making decisions of social and economic importance. Decisions in these contexts have to meet precise coherence standards and achieve a significant degree of sharing, consensus and acceptance, even in uncertain and fuzzy environments. This necessitates the confluence of several research fields, such as foundations of social choice and decision making, mathematics, complexity, psychology, sociology and economics. A large spectrum of problems that may be encountered during decision making and decision analysis in the areas of economics and the social sciences, together with a broad range of tools and techniques that may be used to solve those problems, are presented in detail in this book, making it an ideal reference work for all those interested in analyzing and implementing mathematical tools for application to relevant issues involving the economy and society.

Neuroeconomic and Behavioral Aspects of Decision Making

Author : Kesra Nermend
Publisher : Springer
ISBN 13 : 3319629387
Total Pages : 409 pages
Book Rating : 4.3/5 (196 download)

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Book Synopsis Neuroeconomic and Behavioral Aspects of Decision Making by : Kesra Nermend

Download or read book Neuroeconomic and Behavioral Aspects of Decision Making written by Kesra Nermend and published by Springer. This book was released on 2017-10-06 with total page 409 pages. Available in PDF, EPUB and Kindle. Book excerpt: This proceedings volume presents the latest scientific research and trends in experimental economics, with particular focus on neuroeconomics. Derived from the 2016 Computational Methods in Experimental Economics (CMEE) conference held in Szczecin, Poland, this book features research and analysis of novel computational methods in neuroeconomics. Neuroeconomics is an interdisciplinary field that combines neuroscience, psychology and economics to build a comprehensive theory of decision making. At its core, neuroeconomics analyzes the decision-making process not only in terms of external conditions or psychological aspects, but also from the neuronal point of view by examining the cerebral conditions of decision making. The application of IT enhances the possibilities of conducting such analyses. Such studies are now performed by software that provides interaction among all the participants and possibilities to register their reactions more accurately. This book examines some of these applications and methods. Featuring contributions on both theory and application, this book is of interest to researchers, students, academics and professionals interested in experimental economics, neuroeconomics and behavioral economics.

Behavioral Decision Theory

Author : Kazuhisa Takemura
Publisher : Springer Nature
ISBN 13 : 9811654530
Total Pages : 389 pages
Book Rating : 4.8/5 (116 download)

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Book Synopsis Behavioral Decision Theory by : Kazuhisa Takemura

Download or read book Behavioral Decision Theory written by Kazuhisa Takemura and published by Springer Nature. This book was released on 2021-09-29 with total page 389 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is the second edition of Behavioral Decision Theory, published in 2014. The main approach and structure of this book have been retained in the new edition. However, this second edition provides a fresh overview of the idea of behavioral decision theory and related research findings such as theoretical and empirical discoveries of preference formation, time discounting, social interaction, and social decision making. The book covers a wide range from classical to relatively recent major studies concerning behavioral decision theory, which, in brief, is a general term for descriptive theories to explain the psychological knowledge related to people’s decision-making behavior. It is called a theory but is actually a combination of various psychological theories, for which no axiomatic systems—such as those associated with the utility theory widely used in economics—have been established. The utility theory is often limited to qualitative knowledge; however, as the studies of Nobel laureates H. A. Simon, D. Kahneman, and R. Thaler have suggested, the psychological methodology and knowledge of behavioral decision theory have been applied widely in such fields as economics, business administration, and engineering and are expected to become even more useful in the future. Research into people’s decision making represents an important part in those fields, various aspects of which overlap with the scope of behavioral decision theory. This theory is closely related to behavioral economics and behavioral finance, which have come into greater use in recent years. This book will appeal especially to graduate students, advanced undergraduate students, and researchers who are interested in decision-making phenomena.

Applied Economic Analysis of Information and Risk

Author : Moriki Hosoe
Publisher : Springer Nature
ISBN 13 : 9811533008
Total Pages : 201 pages
Book Rating : 4.8/5 (115 download)

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Book Synopsis Applied Economic Analysis of Information and Risk by : Moriki Hosoe

Download or read book Applied Economic Analysis of Information and Risk written by Moriki Hosoe and published by Springer Nature. This book was released on 2020-03-25 with total page 201 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines interesting new topics in applied economics from the perspectives of the economics of information and risk, two fields of economics that address the consequences of asymmetric information, environmental risk and uncertainty for the nature and efficiency of interactions between individuals and organizations. In the economics of information, the essential task is to examine the condition of asymmetric information under which the information gap is exploited. For the economics of risk, it is important to investigate types of behavior including risk aversion, risk sharing, and risk prevention, and to reexamine the classical expected utility approach and the relationships among several types of the changes in risk. Few books have ever analyzed topics in applied economics with regard to information and risk. This book provides a comprehensive collection of applied analyses, while also revisiting certain basic concepts in the economics of information and risk. The book consists of two parts. In Part I, several aspects of applied economics are investigated, including public policy, labor economics, and political economics, from the standpoint of the economics of (asymmetric) information. First, several basic frameworks of the incentive mechanism with regard to transaction-specific investment are assessed, then various tools for market design and organization design are explored. In Part II, mathematical measures of risk and risk aversion are examined in more detail, and readers are introduced to stochastic selection rules governing choice behavior under uncertainty. Several types of change in the random variable for the cumulative distribution function (CDF) and probability distribution function (PDF) are discussed. In closing, the part investigates the comparative static results of these changes in CDF or PDF on the general decision model, incorporating uncertain situations in applied economics.

Decision Modeling and Behavior in Complex and Uncertain Environments

Author : Tamar Kugler
Publisher : Springer Science & Business Media
ISBN 13 : 038777131X
Total Pages : 364 pages
Book Rating : 4.3/5 (877 download)

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Book Synopsis Decision Modeling and Behavior in Complex and Uncertain Environments by : Tamar Kugler

Download or read book Decision Modeling and Behavior in Complex and Uncertain Environments written by Tamar Kugler and published by Springer Science & Business Media. This book was released on 2008-07-20 with total page 364 pages. Available in PDF, EPUB and Kindle. Book excerpt: This text examines new research at the interface of operations research, behavioral and cognitive sciences, and decision analysis. From the cognitive behaviorist who collects empirical evidence as to how people make decisions to the engineer and economist who are the consumers of such understanding, the reader encounters the familiar Traveling Salesman Problem and Prisoner's dilemma, how agricultural decisions are made in Argentina's Pampas region, and some social goals that come into play as an element of rational decision-making. In these 14 self-contained chapters, broad topics covered include the integration of decision analysis and behavioral models, innovations in behavioral models, exploring descriptive behavior models, and experimental studies.

Economic Decision Analysis

Author : Wolter J. Fabrycky
Publisher : Prentice Hall
ISBN 13 :
Total Pages : 412 pages
Book Rating : 4.:/5 (89 download)

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Book Synopsis Economic Decision Analysis by : Wolter J. Fabrycky

Download or read book Economic Decision Analysis written by Wolter J. Fabrycky and published by Prentice Hall. This book was released on 1974 with total page 412 pages. Available in PDF, EPUB and Kindle. Book excerpt: Textbook on decision making for decisions involving capital investment, with particular reference to the use of mathematical models - covers cost benefit analysis of economic alternatives, mathematical analysis of risks and uncertainties, economic modeling techniques, etc. Graphs and references.

Tools and Techniques for Economic Decision Analysis

Author : Stankovi?, Jelena
Publisher : IGI Global
ISBN 13 : 1522509607
Total Pages : 320 pages
Book Rating : 4.5/5 (225 download)

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Book Synopsis Tools and Techniques for Economic Decision Analysis by : Stankovi?, Jelena

Download or read book Tools and Techniques for Economic Decision Analysis written by Stankovi?, Jelena and published by IGI Global. This book was released on 2016-10-31 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: The success of any business relies heavily on the evaluation and improvement on current strategies and processes. Such progress can be facilitated by implementing more effective decision-making systems. Tools and Techniques for Economic Decision Analysis provides a thorough overview of decision models and methodologies in the context of business economics. Highlighting a variety of relevant issues on finance, economic policy, and firms and networks, this book is an ideal reference source for managers, professionals, students, and academics interested in emerging developments for decision analysis.

Decision Economics: In the Tradition of Herbert A. Simon's Heritage

Author : Edgardo Bucciarelli
Publisher : Springer
ISBN 13 : 3319608827
Total Pages : 162 pages
Book Rating : 4.3/5 (196 download)

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Book Synopsis Decision Economics: In the Tradition of Herbert A. Simon's Heritage by : Edgardo Bucciarelli

Download or read book Decision Economics: In the Tradition of Herbert A. Simon's Heritage written by Edgardo Bucciarelli and published by Springer. This book was released on 2017-06-13 with total page 162 pages. Available in PDF, EPUB and Kindle. Book excerpt: The special session on Decision Economics (DECON) is a scientific forum held annually and intended to share ideas, projects, research results, models and experiences associated with the complexity of behavioural decision processes and socio‐economic phenomena. DECON 2017 was held at the Polytechnic of Porto, ISEP, Portugal, as part of the 14th International Conference on Distributed Computing and Artificial Intelligence. For the second consecutive year, the Editors of this book have drawn inspiration from Herbert A. Simon’s immense body of work and argue that Simon precipitated something akin to a revolution in microeconomics focused on the concept of decision‐making. Further, it is worth noting that the recognition of relevant decision‐making takes place in a range of critical subject areas and research fields, including economics, finance, information systems, small and international business management, operations, and production. Therefore, decision‐making issues are of fundamental importance in all branches of economics addressed both deductively and inductively. Not surprisingly, the study of decision‐making has seen growing empirical research efforts in the economic literature over the last sixty years and, more recently, a variety of insightful cutting‐edge experimental, behavioural and computational approaches. Additionally, the awareness regarding generalizations and reductions to express economic concepts has led, on the one hand, to an increasing risk of spreading the language of mathematics as a rhetorical tool and, on the other hand, to an oversimplification and overlooking of some crucial details, especially when it comes to human decisions and, hence, economic behaviour. That awareness, however, has helped to produce an extraordinary volume of empirical research aimed at discovering how economic agents cope with complex decisions. In this sense, the international scientific community acknowledges Herbert A. Simon’s research endeavours to understand the processes involved in economic decision‐making and their implications for the advancement of economic professions. Within the field of decision‐making, indeed, Simon’s rejection of the standard decision‐making models used in neoclassical economics inspired social scientists worldwide to develop research programmes in order to study decision‐making empirically. The main achievements concern decision‐making for individuals, firms, markets, governments, institutions, and, last but not least, science and research.

Organization and Economic Behaviour

Author : Anna Grandori
Publisher : Routledge
ISBN 13 : 1134712642
Total Pages : 479 pages
Book Rating : 4.1/5 (347 download)

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Book Synopsis Organization and Economic Behaviour by : Anna Grandori

Download or read book Organization and Economic Behaviour written by Anna Grandori and published by Routledge. This book was released on 2001 with total page 479 pages. Available in PDF, EPUB and Kindle. Book excerpt: Presents all the basic elements of organizational theory and behaviour. Different approaches are analysed, with a strong focus on intergrating sociological, psychological and economic contributors to the subject.

Theories of Choice

Author : Stefan Grundmann
Publisher : Oxford University Press
ISBN 13 : 0192608266
Total Pages : 320 pages
Book Rating : 4.1/5 (926 download)

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Book Synopsis Theories of Choice by : Stefan Grundmann

Download or read book Theories of Choice written by Stefan Grundmann and published by Oxford University Press. This book was released on 2021-01-14 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: Choice is a key concept of our time. It is a foundational mechanism for every legal order in societies that are, politically, constituted as democracies and, economically, built on the market mechanism. Thus, choice can be understood as an atomic structure that grounds core societal processes. In recent years, however, the debate over the right way to theorize choice - for example, as a rational or a behavioral type of decision making - has intensified. This collection provides an in-depth discussion of the promises and perils of specific types of theories of choice. It shows how the selection of a specific theory of choice can make a difference for concrete legal questions, in particular in the regulation of the digital economy or in choosing between market, firm, or network. In its first part, the volume provides an accessible overview of the current debates about rational versus behavioral approaches to theories of choice. The remainder of the book structures the vast landscape of theories of choice along with three main types: individual, collective, and organizational decision making. As theories of choice proliferate and become ever more sophisticated, however, the process of choosing an adequate theory of choice becomes increasingly intricate. This volume addresses this selection problem for the various legal arenas in which individual, organizational, and collective decisions matter. By drawing on economic, technological, political, and legal points of view, the volume shows which theories of choice are at the disposal of the legally relevant decision-maker, and how they can be operationalized for the solution of concrete legal problems. The editors acknowledge the kind support of the Fritz Thyssen Foundation for an exploratory conference on the subject of the book.

Applied Behavioral Economics Research and Trends

Author : Ianole, Rodica
Publisher : IGI Global
ISBN 13 : 1522518274
Total Pages : 269 pages
Book Rating : 4.5/5 (225 download)

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Book Synopsis Applied Behavioral Economics Research and Trends by : Ianole, Rodica

Download or read book Applied Behavioral Economics Research and Trends written by Ianole, Rodica and published by IGI Global. This book was released on 2016-12-12 with total page 269 pages. Available in PDF, EPUB and Kindle. Book excerpt: Interdisciplinary factors in the modern business realm have significant impacts on economic agents within organizations. These behavioral influences affect multiple decision-making processes on both the individual and organizational levels. Applied Behavioral Economics Research and Trends provides a comprehensive examination of the social, psychological, and emotional factors in organizational behavior and economic decision-making and how these issues provide a deeper understanding of various economic behaviors. Highlighting relevant coverage across a range of topics, such as consumer behavior, inter-temporal choices, and self-employment, this book is ideally designed for managers, researchers, professionals, graduate students, and practitioners seeking scholarly material on the implications of behavioral economics across numerous industries.