Human Agency And Behavioral Economics

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Human Agency and Behavioral Economics

Author : Cass R. Sunstein
Publisher : Springer
ISBN 13 : 3319558072
Total Pages : 116 pages
Book Rating : 4.3/5 (195 download)

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Book Synopsis Human Agency and Behavioral Economics by : Cass R. Sunstein

Download or read book Human Agency and Behavioral Economics written by Cass R. Sunstein and published by Springer. This book was released on 2017-05-05 with total page 116 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Palgrave Pivot offers comprehensive evidence about what people actually think of “nudge” policies designed to steer decision makers’ choices in positive directions. The data reveal that people in diverse nations generally favor nudges by strong majorities, with a preference for educative efforts – such as calorie labels - that equip individuals to make the best decisions for their own lives. On the other hand, there are significant arguments for noneducational nudges – such as automatic enrollment in savings plans - as they allow people to devote their scarce time and attention to their most pressing concerns. The decision to use either educative or noneducative nudges raises fundamental questions about human freedom in both theory and practice. Sunstein's findings and analysis offer lessons for those involved in law and policy who are choosing which method to support as the most effective way to encourage lifestyle changes.

Human Agency and Material Welfare: Revisions in Microeconomics and Their Implications for Public Policy

Author : Morris Altman
Publisher : Springer
ISBN 13 :
Total Pages : 160 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis Human Agency and Material Welfare: Revisions in Microeconomics and Their Implications for Public Policy by : Morris Altman

Download or read book Human Agency and Material Welfare: Revisions in Microeconomics and Their Implications for Public Policy written by Morris Altman and published by Springer. This book was released on 1996-12-31 with total page 160 pages. Available in PDF, EPUB and Kindle. Book excerpt: Calling for a new approach to the study of economics from a socio-economic and behavioral perspective, Altman (economics, U. of Saskatchewan, Canada) extends the basic human agency model where choice of effort affects productivity and efficiency to one in which choice of effort also affects choice of technology. He also argues that higher wages do not necessarily mean lower profits and argues against traditional neoclassical beliefs including that competitive markets erode discrimination and that the integration of firms through mergers and acquisitions can save substantial transaction costs. Annotation copyrighted by Book News, Inc., Portland, OR

A Behavioural Theory of Economic Development

Author : Robert Huggins
Publisher : Oxford University Press, USA
ISBN 13 : 0198832346
Total Pages : 323 pages
Book Rating : 4.1/5 (988 download)

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Book Synopsis A Behavioural Theory of Economic Development by : Robert Huggins

Download or read book A Behavioural Theory of Economic Development written by Robert Huggins and published by Oxford University Press, USA. This book was released on 2021-01-14 with total page 323 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book establishes a novel behavioural theory of economic development to illustrate that differences in human behaviour across cities and regions, both individually and collectively, are a significant deep-rooted cause of uneven development within and across nations.

Human Agency and Material Welfare: Revisions in Microeconomics and their Implications for Public Policy

Author : Morris Altman
Publisher : Springer Science & Business Media
ISBN 13 : 1461563038
Total Pages : 144 pages
Book Rating : 4.4/5 (615 download)

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Book Synopsis Human Agency and Material Welfare: Revisions in Microeconomics and their Implications for Public Policy by : Morris Altman

Download or read book Human Agency and Material Welfare: Revisions in Microeconomics and their Implications for Public Policy written by Morris Altman and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 144 pages. Available in PDF, EPUB and Kindle. Book excerpt: Some of the fundamental tenets of conventional economic wisdom, which have had a profound impact on public policy, are challenged in this book. These precepts include the affirmation that low wages are more beneficial that high wages to the process of growth and development; convergence in terms of output per person is just a matter of time; minimum wage laws and trade unions negatively impact on the economy as a whole; pay inequality due to labor market discrimination cannot persist over time; larger firms are typically more efficient than smaller firms; and culture is of little consequence to the course of economic development. Such predictions, the author argues, are a product of unrealistic behavioral assumptions about the economic agent. In this book, the author offers a more inclusive theoretical framework and a more reasonable modeling of the economic agent. This new approach is built upon conventional neoclassical theory while incorporating the most recent research in behavioral economics. The case is made that individuals have some choice over the quantity and quality of effort which they can supply in the process of production. Even under the constraints of severe product market competition and the assumption of `utility maximizing' individuals, effort need not be maximized, especially in firms characterized by antagonistic management-labor relations. This is especially true when relatively inefficient firms can remain competitive by keeping wages relatively low - low wages serve to protect such firms from more efficient firms. Alternatively, relatively high wage firms can remain competitive only if they become more productive. Under these assumptions, higher wages and factors contributing to higher wages can advance the performance of an economy while lower wages can have the opposite effect and cultural and institutional variables, by themselves, can affect the long run productivity and even the long run competitiveness of firms and economies. In summary, this book calls for a revised approach to the study of economics from a behavioral and socio-economic perspective, with significant consequences for public policy.

Handbook of Contemporary Behavioral Economics

Author : Morris Altman
Publisher : Routledge
ISBN 13 : 1317469151
Total Pages : 784 pages
Book Rating : 4.3/5 (174 download)

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Book Synopsis Handbook of Contemporary Behavioral Economics by : Morris Altman

Download or read book Handbook of Contemporary Behavioral Economics written by Morris Altman and published by Routledge. This book was released on 2015-01-30 with total page 784 pages. Available in PDF, EPUB and Kindle. Book excerpt: At a time when both scholars and the public demand explanations and answers to key economic problems that conventional approaches have failed to resolve, this groundbreaking handbook of original works by leading behavioral economists offers the first comprehensive articulation of behavioral economics theory. Borrowing from the findings of psychologists, sociologists, political scientists, legal scholars, and biologists, among others, behavioral economists find that intelligent individuals often tend not to behave as effectively or efficiently in their economic decisions as long held by conventional wisdom. The manner in which individuals actually do behave critically depends on psychological, institutional, cultural, and even biological considerations. "Handbook of Contemporary Behavioral Economics" includes coverage of such critical areas as the Economic Agent, Context and Modeling, Decision Making, Experiments and Implications, Labor Issues, Household and Family Issues, Life and Death, Taxation, Ethical Investment and Tipping, and Behavioral Law and Macroeconomics. Each contribution includes an extensive bibliography.

Advances in Behavioral Economics

Author : Colin F. Camerer
Publisher : Princeton University Press
ISBN 13 : 1400829119
Total Pages : 769 pages
Book Rating : 4.4/5 (8 download)

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Book Synopsis Advances in Behavioral Economics by : Colin F. Camerer

Download or read book Advances in Behavioral Economics written by Colin F. Camerer and published by Princeton University Press. This book was released on 2011-12-12 with total page 769 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 contributors to this volume, have garnered some of the most prestigious awards in the profession. This book assembles the most important papers on behavioral economics published since around 1990. Among the 25 articles are many that update and extend earlier foundational contributions, as well as cutting-edge papers that break new theoretical and empirical ground. Advances in Behavioral Economics will serve as the definitive one-volume resource for those who want to familiarize themselves with the new field or keep up-to-date with the latest developments. It will not only be a core text for students, but will be consulted widely by professional economists, as well as psychologists and social scientists with an interest in how behavioral insights are being applied in economics. The articles, which follow Colin Camerer and George Loewenstein's introduction, are by the editors, George A. Akerlof, Linda Babcock, Shlomo Benartzi, Vincent P. Crawford, Peter Diamond, Ernst Fehr, Robert H. Frank, Shane Frederick, Simon Gächter, David Genesove, Itzhak Gilboa, Uri Gneezy, Robert M. Hutchens, Daniel Kahneman, Jack L. Knetsch, David Laibson, Christopher Mayer, Terrance Odean, Ted O'Donoghue, Aldo Rustichini, David Schmeidler, Klaus M. Schmidt, Eldar Shafir, Hersh M. Shefrin, Chris Starmer, Richard H. Thaler, Amos Tversky, and Janet L. Yellen.

Policy and Choice

Author : William J. Congdon
Publisher : Brookings Institution Press
ISBN 13 : 0815704984
Total Pages : 260 pages
Book Rating : 4.8/5 (157 download)

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Book Synopsis Policy and Choice by : William J. Congdon

Download or read book Policy and Choice written by William J. Congdon and published by Brookings Institution Press. This book was released on 2011 with total page 260 pages. Available in PDF, EPUB and Kindle. Book excerpt: Argues that public finance--the study of the government's role in economics--should incorporate principles from behavior economics and other branches of psychology.

Reconstructing Economic Theory

Author : Allen Oakley
Publisher : Edward Elgar Publishing
ISBN 13 : 9781840641332
Total Pages : 0 pages
Book Rating : 4.6/5 (413 download)

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Book Synopsis Reconstructing Economic Theory by : Allen Oakley

Download or read book Reconstructing Economic Theory written by Allen Oakley and published by Edward Elgar Publishing. This book was released on 2002 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economists in general, says Oakley (economics, U. of Newcastle, Australia), and especially those doing the most orthodox work, use a concept and a representation of human agency that is palpably unrealistic, not out of ignorance, but because to do otherwise would result in excommunication from the profession. Rather than add yet another to the many critiques of mainstream economic theory, she focuses on how it might be reconstructed. She limits her effort to the foundations, offering a revised metatheory, situational analysis, to provide essential premises required by a more completely humanistic economics. Annotation copyrighted by Book News, Inc., Portland, OR

Conflict and Cooperation

Author : A. Allan Schmid
Publisher : John Wiley & Sons
ISBN 13 : 1405142383
Total Pages : 360 pages
Book Rating : 4.4/5 (51 download)

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Book Synopsis Conflict and Cooperation by : A. Allan Schmid

Download or read book Conflict and Cooperation written by A. Allan Schmid and published by John Wiley & Sons. This book was released on 2008-04-15 with total page 360 pages. Available in PDF, EPUB and Kindle. Book excerpt: Allan Schmid’s innovative text, Conflict and Cooperation: Institutional and Behavioral Economics,investigates "the rules of the game," how institutions--both formal and informal--affect these rules, and how these rules are changed to serve competing interests. This text addresses both formal and informal institutions and the impact of alternative institutions, as well as institutional change and evolution. With its broad applications and numerous practice and discussion questions, this book will be appealing not only to students of economics, but also to those studying sociology, law, and political science. Addresses formal and informal institutions, the impact of alternative institutions, and institutional change and evolution. Presents a framework open to changing preferences, bounded rationality, and evolution. Explains how to form empirically testable hypotheses using experiments, case studies, and econometrics. Includes numerous practice and discussion questions.

Handbook of Contemporary Behavioral Economics

Author : Morris Altman
Publisher : Routledge
ISBN 13 : 131746916X
Total Pages : 784 pages
Book Rating : 4.3/5 (174 download)

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Book Synopsis Handbook of Contemporary Behavioral Economics by : Morris Altman

The Ethics of Influence

Author : Cass R. Sunstein
Publisher : Cambridge University Press
ISBN 13 : 1107140706
Total Pages : 237 pages
Book Rating : 4.1/5 (71 download)

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Book Synopsis The Ethics of Influence by : Cass R. Sunstein

Download or read book The Ethics of Influence written by Cass R. Sunstein and published by Cambridge University Press. This book was released on 2016-08-24 with total page 237 pages. Available in PDF, EPUB and Kindle. Book excerpt: In The Ethics of Influence, Cass R. Sunstein investigates the ethical issues surrounding government nudges, choice architecture, and mandates.

Behavioral Insights

Author : Michael Hallsworth
Publisher : MIT Press
ISBN 13 : 0262539403
Total Pages : 250 pages
Book Rating : 4.2/5 (625 download)

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Book Synopsis Behavioral Insights by : Michael Hallsworth

Download or read book Behavioral Insights written by Michael Hallsworth and published by MIT Press. This book was released on 2020-09-01 with total page 250 pages. Available in PDF, EPUB and Kindle. Book excerpt: The definitive introduction to the behavioral insights approach, which applies evidence about human behavior to practical problems. Our behavior is strongly influenced by factors that lie outside our conscious awareness, although we tend to underestimate the power of this “automatic” side of our behavior. As a result, governments make ineffective policies, businesses create bad products, and individuals make unrealistic plans. In contrast, the behavioral insights approach applies evidence about actual human behavior—rather than assumptions about it—to practical problems. This volume in the MIT Press Essential Knowledge series, written by two leading experts in the field, offers an accessible introduction to behavioral insights, describing core features, origins, and practical examples. These insights have opened up new ways of addressing some of the biggest challenges faced by societies, changing the way that governments, businesses, and nonprofits work in the process. This book shows how the approach is grounded in a concern with practical problems, the use of evidence about human behavior to address those problems, and experimentation to evaluate the impact of the solutions. It gives an overview of the approach's origins in psychology and behavioral economics, its early adoption by the UK's pioneering “nudge unit,” and its recent expansion into new areas. The book also provides examples from across different policy areas and guidance on how to run a behavioral insights project. Finally, the book outlines the limitations and ethical implications of the approach, and what the future holds for this fast-moving area.

Renaissance in Behavioral Economics

Author : Roger Frantz
Publisher : Routledge
ISBN 13 : 1135994153
Total Pages : 292 pages
Book Rating : 4.1/5 (359 download)

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Book Synopsis Renaissance in Behavioral Economics by : Roger Frantz

Download or read book Renaissance in Behavioral Economics written by Roger Frantz and published by Routledge. This book was released on 2007-06-14 with total page 292 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economists working on behavioral economics have been awarded the Nobel Prize four times in recent years. This book explores this innovative area and in particular focuses on the work of Harvey Leibenstein, one of the pioneers of the discipline. The topics covered in the book include agency theory; dynamic efficiency; evolutionary economics; X-efficiency; the effect of emotions, specifically affect on decision-making; market pricing; experimental economics; human resource management; the Carnegie School, and intra-industry efficiency in less developed countries.

How Behavioral Economics Influences Management Decision-Making

Author : Kelly Monahan
Publisher : Academic Press
ISBN 13 : 0128135689
Total Pages : 278 pages
Book Rating : 4.1/5 (281 download)

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Book Synopsis How Behavioral Economics Influences Management Decision-Making by : Kelly Monahan

Download or read book How Behavioral Economics Influences Management Decision-Making written by Kelly Monahan and published by Academic Press. This book was released on 2018-08-02 with total page 278 pages. Available in PDF, EPUB and Kindle. Book excerpt: How Behavioral Economics Influences Management Decision-Making: A New Paradigm critically reexamines the management function in 21st century workplaces. The book seeks to examine and explain the real-world behaviors of employees and acknowledge the human nature that binds us all together and how to appeal to these characteristics in order to help organizations prosper. It explores well-observed but rarely understood features of employee cognition and irrationality, challenging the dominant discourse and offering an alternative to gain greater competitive advantage in today's complex markets. It also provides an effective new framework on the best ways to develop relevant management skills as they pertain to hiring, performance management, change management, employee engagement, and goal setting. As the knowledge economy continues to grow, the social bonds within companies will prove to be a key differentiation to deliver on the next big idea. Developing productive decisions with staff in the talent-driven global economy increasingly requires the development of "intrinsic" meaning in work, a human-centered work-place culture, and human-focused working practices. This book tackles these topics in comprehensive and efficient detail. Provides a framework to simply and effectively apply behavioral principles in organizations of any size Focuses on agent motivations and behavior and how they directly impact talent management in the knowledge economy Highlights empirical studies, detailing the impact of heuristics on hiring, performance management, change management, employee engagement, and goal-setting decisions

Behavioral Economics

Author : Lance Mason
Publisher : Nova Science Publishers
ISBN 13 : 9781634634809
Total Pages : 0 pages
Book Rating : 4.6/5 (348 download)

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Book Synopsis Behavioral Economics by : Lance Mason

Download or read book Behavioral Economics written by Lance Mason and published by Nova Science Publishers. This book was released on 2014 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Insights from behavioural economics, which combines findings from psychology and economics, suggest that a deeper understanding of decision-making and behaviour could improve human services program design and outcomes. Research has shown that small changes in the environment can facilitate behaviours and decisions that are in people's best interest. However, there has been relatively little exploration of the potential application of this science to complex, large-scale human services programs. This book, from the early stages of OPRE's Behavioural Interventions to Advance Self-Sufficiency (BIAS) project, provides an overview of behavioural economics, presents an approach to applying behavioural economics to social programs, shares insights from three case studies in the BIAS project, and concludes with some early lessons that have emerged from the work and next steps for the BIAS project.

The Behavioral Economics of Translation

Author : Douglas Robinson
Publisher : Taylor & Francis
ISBN 13 : 1000785351
Total Pages : 253 pages
Book Rating : 4.0/5 (7 download)

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Book Synopsis The Behavioral Economics of Translation by : Douglas Robinson

Download or read book The Behavioral Economics of Translation written by Douglas Robinson and published by Taylor & Francis. This book was released on 2022-11-30 with total page 253 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book applies frameworks from behavioral economics to Western thinking about translation, mapping four approaches to eight keywords in translation studies to bring together divergent perspectives on the study of translation and interpreting. The volume takes its points of departure from the tensions between the concerns of behavioral and neoclassical economists. The book considers on one side behavioral economists’ interest in the predictable irrationality of “Humans” and its nuances as they unfold in terms of gender, here organized around Masculine Human, Feminine Human, and Queer perspectives, and on the other side neoclassical economists’ chief concerns with the unfailing rationality of the “Econs.” Robinson applies these four approaches across eight chapters, each representing a keyword in the study of translation—agency; difference; Eurocentrism; hermeneutics; language; norms; rhetoric; and world literature—with case studies that problematize the different categories. Taken together, the book offers a comprehensive treatment of the behavioral economics of translation and promotes new ways of thinking in the study of translation and interpreting, making it of interest to scholars in the discipline as well as those working along interdisciplinary lines in related fields such as philosophy, literature, and political science.

Handbook of Research Methods in Behavioural Economics

Author : Morris Altman
Publisher : Edward Elgar Publishing
ISBN 13 : 1839107944
Total Pages : 533 pages
Book Rating : 4.8/5 (391 download)

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Book Synopsis Handbook of Research Methods in Behavioural Economics by : Morris Altman

Download or read book Handbook of Research Methods in Behavioural Economics written by Morris Altman and published by Edward Elgar Publishing. This book was released on 2023-03-02 with total page 533 pages. Available in PDF, EPUB and Kindle. Book excerpt: This comprehensive Handbook addresses a wide variety of methodological approaches adopted and developed by behavioural economists, exploring the implications of such innovations for analysis and policy.