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Optimally Irrational
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Book Synopsis Optimally Irrational by : Lionel Page
Download or read book Optimally Irrational written by Lionel Page and published by Cambridge University Press. This book was released on 2022-10-31 with total page 321 pages. Available in PDF, EPUB and Kindle. Book excerpt: The seemingly irrational, puzzling aspects of human behaviour are not bugs, but features. Improving our navigation of the real world.
Book Synopsis Optimally Irrational by : Lionel Page
Download or read book Optimally Irrational written by Lionel Page and published by Cambridge University Press. This book was released on 2022-11-03 with total page 321 pages. Available in PDF, EPUB and Kindle. Book excerpt: For a long time, economists have assumed that we were cold, self-centred, rational decision makers – so-called Homo economicus; the last few decades have shattered this view. The world we live in and the situations we face are of course rich and complex, revealing puzzling aspects of our behaviour. Optimally Irrational argues that our improved understanding of human behaviour shows that apparent 'biases' are good solutions to practical problems – that many of the 'flaws' identified by behavioural economics are actually adaptive solutions. Page delivers an ambitious overview of the literature in behavioural economics and, through the exposition of these flaws and their meaning, presents a sort of unified theory of behaviouralism, cognitive psychology and evolutionary biology. He gathers theoretical and empirical evidence about the causes of behavioural 'biases' and proposes a big picture of what the discipline means for economics.
Download or read book Resources in Education written by and published by . This book was released on 1998 with total page 364 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Weakness of Will and Practical Irrationality by : Sarah Stroud
Download or read book Weakness of Will and Practical Irrationality written by Sarah Stroud and published by Oxford University Press. This book was released on 2003-09-04 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt: Among the many practical failures that threaten us, weakness of will or akrasia is often considered to be a paradigm of irrationality. The eleven new essays in this collection, written by an excellent international team of philosophers, some well-established, some younger scholars, give a rich overview of the current debate over weakness of will and practical irrationality more generally.Issues covered include classical questions such as the distinction between weakness and compulsion, the connection between evaluative judgement and motivation, the role of emotions in akrasia, rational agency, and the existence of the will. The also include new topics, such as group akrasia, strength of will, the nature of correct choice, the structure of decision theory, the temporality of prudential reasons, and emotional rationality. Because these questions cut across philosophy of mind andethics, the collection will be essential reading for scholars, postgraduates, and upper-level undergraduates in both these fields.
Download or read book Hatred written by Berit Brogaard and published by Oxford University Press, USA. This book was released on 2020 with total page 433 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Hatred: Understanding Our Most Dangerous Emotion The first in-depth philosophical analysis of personal hate and group hate, Hate: Understanding Our Most Dangerous Emotion explores how personal hatred can foster domestic violence and emotional abuse, how hate-proneness is a main contributor to the aggressive tendencies of borderlines, narcissists and psychopaths, how seemingly ordinary people embark on some of history's worst hate crimes, and how cohesive groups, subjected to spontaneous forces of group polarization, can develop extremist viewpoints of the sort that motivate hate crimes, mass shootings, and terrorism. The book's first part explores hate in intimate relationships, looking for an answer to the question of why our intimate relationships can survive hate and resentment, but not disrespect or contempt. Berit "Brit" Brogaard shows that where contempt creates an irreparable power imbalance, hate is tied to fear, which our brains may reinterpret as thrill, attraction and excitement. But this can also make hate a dangerous emotion that convinces people to hang onto abusive relationships. When tied to vengeance and the dark triad of personality, hate is not only dangerous but also dehumanizing. Vengeance and the dark personalities are not essential to hate, however. Without them, hate can have more admirable ends. The book's second part explores the polarizing forces that can bias cohesive groups of like-minded individuals and contribute to what is effectively a hate crisis. Drawing on history, politics, legal theory, philosophy, and psychology, Brogaard shows how cultural myths about femininity, ethnic groups, and the land of opportunity perpetuate misogyny, white supremacy and anti-Semitism. But, she argues, politicians and policymakers have it in their power to address the hate crisis through legislation that preserves the original incentive behind the first-amendment right to free speech"--
Book Synopsis On Rationality, Artificial Intelligence And Economics by : Daniel Muller
Download or read book On Rationality, Artificial Intelligence And Economics written by Daniel Muller and published by World Scientific. This book was released on 2022-03-09 with total page 253 pages. Available in PDF, EPUB and Kindle. Book excerpt: The world we live in presents plenty of tricky, impactful, and hard-tomake decisions to be taken. Sometimes the available options are ample, at other times they are apparently binary, either way, they often confront us with dilemmas, paradoxes, and even denial of values.In the dawn of the age of intelligence, when robots are gradually taking over most decision-making from humans, this book sheds a bit of light on decision rationale. It delves into the limits of these decision processes (for both humans and machines), and it does so by providing a new perspective that is somehow opposed to orthodox economics. All Economics reflections in this book are underlined and linked to Artificial Intelligence.The authors hope that this comprehensive and modern analysis, firmly grounded in the opinions of various groundbreaking Nobel laureate economists, may be helpful to a broad audience interested in how decisions may lead us all to flourishing societies. That is, societies in which economic blunders (caused by over simplification of problems and super estimation of tools) are reduced substantially.
Book Synopsis Fuzzy Rationality by : Kofi Kissi Dompere
Download or read book Fuzzy Rationality written by Kofi Kissi Dompere and published by Springer. This book was released on 2009-07-22 with total page 283 pages. Available in PDF, EPUB and Kindle. Book excerpt: Philosophy involves a criticism of scientific knowledge, not from a point of view ultimately different from that of science, but from a point of view less concerned with details and more concerned with the h- mony of the body of special sciences. Here as elsewhere, while the older logic shut out possibilities and imprisoned imagination within the walls of the familiar, the newer logic shows rather what may happen, and refuses to decide as to what must happen. Bertrand Russell At any particular stage in the development of humanity knowledge comes up against limits set by the necessarily limited character of the experience available and the existing means of obtaining knowledge. But humanity advances by overcoming such limits. New experience throws down the limits of old experience; new techniques, new means of obtaining knowledge throw down the limits of old techniques and old means of obtaining knowledge. New limits then once again appear. But there is no more reason to suppose these new limits absolute and final than there was to suppose the old ones absolute and final.
Book Synopsis The Future of the Philosophy of Economics by : Constanze Binder
Download or read book The Future of the Philosophy of Economics written by Constanze Binder and published by Routledge. This book was released on 2018-04-19 with total page 154 pages. Available in PDF, EPUB and Kindle. Book excerpt: Originating from the International Network for Economic Method conference, hosted by the Erasmus Institute for Economics and Philosophy (EIPE) at the Erasmus University Rotterdam in 2013, this book chooses key themes that reflect on fascinating new developments in the philosophy of economics. Contributions discuss new avenues and debates in important and upcoming areas, such as the philosophy of economic policy making, decision theory, ethics, and new questions in economic methodology. The book offers an excellent insight into cutting edge research in these fields that are about to shape the future of the philosophy of economics. This book was originally published as a special issue of The Journal of Economic Methodology.
Download or read book The ADD Myth written by Martha Burge and published by Mango Media Inc.. This book was released on 2012-09-01 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: This radical new approach to ADD and ADHD reframes the diagnosis and offers a way to transform so-called symptoms into gifts. Despite the millions of people taking medication for attention deficit disorders, there remains no objective method of diagnosis for ADHD. Now author and ADHD coach Martha Burge proposes a different understanding and solution for those diagnosed. In The ADD Myth, Burge argues that what is commonly understood as ADHD is actually five intense personality traits: sensual, psychomotor, intellectual, creative, and emotional. Once the supposed ADD symptoms are properly understood, people with these intense personality traits can develop them into gifts. After having two sons diagnosed with ADHD, and witnessing their serious reaction to drug treatments, Martha began a search for a new approach and a more natural treatment. In The ADD Myth, she shares personal stories, practical steps, and daily practices for developing one's intense nature with the least amount of suffering.
Book Synopsis Organizing Railway Transportation by : China. Tie dao bu
Download or read book Organizing Railway Transportation written by China. Tie dao bu and published by . This book was released on 1965 with total page 504 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Interactions in the Classroom by : Jeffrey W. Trawick-Smith
Download or read book Interactions in the Classroom written by Jeffrey W. Trawick-Smith and published by Prentice Hall. This book was released on 1994 with total page 412 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Optimal Transport Methods in Economics by : Alfred Galichon
Download or read book Optimal Transport Methods in Economics written by Alfred Galichon and published by Princeton University Press. This book was released on 2018-08-14 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt: Optimal Transport Methods in Economics is the first textbook on the subject written especially for students and researchers in economics. Optimal transport theory is used widely to solve problems in mathematics and some areas of the sciences, but it can also be used to understand a range of problems in applied economics, such as the matching between job seekers and jobs, the determinants of real estate prices, and the formation of matrimonial unions. This is the first text to develop clear applications of optimal transport to economic modeling, statistics, and econometrics. It covers the basic results of the theory as well as their relations to linear programming, network flow problems, convex analysis, and computational geometry. Emphasizing computational methods, it also includes programming examples that provide details on implementation. Applications include discrete choice models, models of differential demand, and quantile-based statistical estimation methods, as well as asset pricing models. Authoritative and accessible, Optimal Transport Methods in Economics also features numerous exercises throughout that help you develop your mathematical agility, deepen your computational skills, and strengthen your economic intuition. The first introduction to the subject written especially for economists Includes programming examples Features numerous exercises throughout Ideal for students and researchers alike
Book Synopsis Optimal Monetary Policy Under Bounded Rationality by : Jonathan Benchimol
Download or read book Optimal Monetary Policy Under Bounded Rationality written by Jonathan Benchimol and published by International Monetary Fund. This book was released on 2019-08-02 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: The form of bounded rationality characterizing the representative agent is key in the choice of the optimal monetary policy regime. While inflation targeting prevails for myopia that distorts agents' inflation expectations, price level targeting emerges as the optimal policy under myopia regarding the output gap, revenue, or interest rate. To the extent that bygones are not bygones under price level targeting, rational inflation expectations is a minimal condition for optimality in a behavioral world. Instrument rules implementation of this optimal policy is shown to be infeasible, questioning the ability of simple rules à la Taylor (1993) to assist the conduct of monetary policy. Bounded rationality is not necessarily associated with welfare losses.
Book Synopsis Behavioural Sports Economics by : Hannah Josepha Rachel Altman
Download or read book Behavioural Sports Economics written by Hannah Josepha Rachel Altman and published by Routledge. This book was released on 2021-12-19 with total page 377 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economists have entered into the realm of sports to provide what they believe to be more cogent explanations for sport-related behaviour and to suggest ways in which incentives can improve sports outcomes. But prices and income, the traditional workhorses of conventional economics, can only provide partial explanations and understandings. Drawing on a bounded rationality approach to behavioural economics, this book demonstrates the analytical insights to be gained by supplementing the conventional economics toolbox with psychological, cognitive, sociological, and institutional factors. The international cast list of contributors cover a wide range of sports topics on which a behavioural approach can reveal new insights. These include preferences, managerial, efficiency, choking, doping, favouritism, athlete well- being, and spectator behaviour. Throughout the book, there is an emphasis on the cognitive limits to smart decision-making as well as the critical role played by the decision-making environment. This volume demonstrates that adopting a bounded rationality approach, complimented with other behaviouralist approaches, helps to better explain sport-related behavioural, sub-optimal behavioural, and market failures. It also provides insights that could be used to improve sports outcomes and the well-being of those involved in sports and to better configure policy to enhance sports performance. This groundbreaking book will be an indispensable reference to students and scholars of sports economics, sports management, and sports science.
Book Synopsis A Course in Behavioral Economics by : Erik Angner
Download or read book A Course in Behavioral Economics written by Erik Angner and published by Bloomsbury Publishing. This book was released on 2020-11-27 with total page 338 pages. Available in PDF, EPUB and Kindle. Book excerpt: This textbook looks at decisions – how we make them, and what makes them good or bad. In this bestselling introduction, Erik Angner clearly lays out the theory of behavioral economics and explains the intuitions behind it. The book offers a rich tapestry of examples, exercises, and problems drawn from fields such as economics, management, marketing, political science, and public policy. It shows how to apply the principles of behavioral economics to improve your life and work – and to make the world a better place to boot. No advanced mathematics is required. This is an ideal textbook for students coming to behavioral economics from various fields. It can be used on its own in introductory courses, or in combination with other texts at advanced undergraduate and postgraduate levels. It is equally suitable for general readers who have been captivated by popular-science books on behavioral economics and want to know more about this intriguing subject. New to this Edition: - An updated chapter on behavioral policy and the nudge agenda. - Several new sections, for example on the economics of happiness. - Updated examples and exercises, with an expanded answer key - Refreshed ancillary resources make for a plug and play experience for instructors teaching behavioral economics for the first time.
Book Synopsis Behavioural Finance for Private Banking by : Thorsten Hens
Download or read book Behavioural Finance for Private Banking written by Thorsten Hens and published by John Wiley & Sons. This book was released on 2011-07-05 with total page 270 pages. Available in PDF, EPUB and Kindle. Book excerpt: A complete framework for applications of behavioral finance in private banking, Behavioural Finance for Private Banking considers client needs specific to private banking like personal circumstances, objectives, and attitude to risk. This book includes the theoretical foundations of investment decision-making, an introduction to behavioral biases, an explanation of cultural differences in global business, a guide to asset allocation over the life cycle of the investment, and several case studies to illustrate how can be applied. A must-read for anyone in private banking, this book demonstrates how to satisfy client needs.
Book Synopsis Aspects of Rationality by : Raymond S. Nickerson
Download or read book Aspects of Rationality written by Raymond S. Nickerson and published by Psychology Press. This book was released on 2007-11-19 with total page 509 pages. Available in PDF, EPUB and Kindle. Book excerpt: What does it mean to be rational to reason well and effectively? How does rationality, broadly conceived, relate to the knowledge one acquires, the beliefs one forms, the explanations one constructs or appropriates, the judgments and decisions one makes, the values one adopts? What is the character of human reasoning and, in particular, does it t
