Real-World Decision Making: An Encyclopedia of Behavioral Economics

Editor: Altman, Morris
Publication Year: 2015
Publisher: Greenwood

Single-User Purchase Price: $100.00
Unlimited-User Purchase Price: $150.00
ISBN: 978-1-44-082815-7
Category: Psychology
Image Count: 2
Book Status: Available
Table of Contents

A leading authority on behavioral economics, Morris Altman and other expert contributors delve into key concepts in behavioral economics, economic psychology, behavioral finance, neuroeconomics, experimental economics, and institutional economics to help inform economic models based on reality, not theory. Through informative entries, the book explores various aspects of the subject including decision making, economic analysis, and public policy. In addition to introducing concepts to readers new to the subject, the book sheds light on more advanced financial topics in a manner that is objective, comprehensive, and accessible.

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Table of Contents

  • Preface
  • Introduction
  • A
  • Addiction
  • Advertising and Behavioral Economics
  • Akerlof, George
  • Allocative Efficiency and X-Efficiency
  • Altruism
  • Altruistic Punishments
  • Ambiguity Aversion
  • Amygdala and Behavioral Economics
  • Anchoring
  • Animal Spirits
  • Anomalies (Economic Behavior)
  • Asymmetric Information
  • B
  • Bandwagon Effect
  • Bargaining Power
  • Beauty Contest/Guessing Game
  • Behavioral Economics
  • Behavioral Finance
  • Behavioral Insights Team
  • Behavioral Responses According to In-Depth Interviews
  • Bounded Rationality
  • Brain Scans and Behavioral Economics
  • Broken Windows
  • Bubbles (dot.com; Financial Markets; Housing; Tulips)
  • Bubbles (Great Depression)
  • Bubbles (Markets)
  • Buffet (All-You-Can-Eat Behavior)
  • Bullying and Economic Efficiency
  • C
  • Calendar Effect
  • Capabilities Approach
  • Carnegie School
  • Certainty Effect
  • Charitable Donations
  • Childhood Effects on Adult Behavior
  • Coase Theorem, Property Rights, and Endowment Effect
  • Cognitive Dissonance
  • Commons, John R.
  • Communication and Collusion
  • Complexity and Heuristics
  • Conjunction Effect
  • Consumer Confidence
  • Contingent Valuation
  • Cooperative Organizations
  • Creativity
  • Credit Cycles
  • Culture and Behavioral Economics
  • Cyert, Richard
  • D
  • Deception
  • Decision Cost
  • Descartes's Error and the Emotional Brain
  • Development Economics
  • Dictator Game
  • Dictator Game (Brief Note)
  • Dilution Effect
  • Discrimination and Behavioral Economics
  • Disposition Effect
  • Diversification Bias
  • Dual Motive Theory (DMT) and Dual Interest Theory (DIT)
  • Duesenberry, James S.
  • E
  • Ecological Rationality
  • Economic Psychology
  • Economic Science Association
  • Economic Sociology
  • Efficiency Wage Hypothesis
  • Efficient Market Hypothesis
  • Emotions and Decision Making
  • Emotions and Phineas Gage
  • Endowment Effect
  • Entrepreneurship
  • Envy
  • Equity Premium Puzzle
  • Errors and Biases
  • Ethical Consumption
  • Ethical Production
  • Evolutionary Economics
  • Evolutionary Mismatch
  • Expectations (Rational and Adaptive)
  • Expected Utility and Behavioral Economics
  • Experimental Design
  • Experimental Economics
  • Experimental Economics Software: z-Tree (Zurich Toolbox 
for Readymade Economic Experiments)
  • Experiments (Classroom)
  • Experiments (Field)
  • Experiments (Incentives)
  • F
  • Fair Wage
  • Fairness
  • Fast and Frugal Decision Trees
  • Fast and Frugal Heuristics
  • Fat Tails
  • Faux Currency
  • Feminist and Behavioral Economics
  • Financial Literacy
  • Firm (Behavioral Theory)
  • Framing
  • Frank, Robert H.
  • G
  • Gambler's Fallacy
  • Gambling Behavior
  • Game Theory (Behavioral/Cooperative)
  • Gender Differences
  • Genoeconomics
  • Gigerenzer, Gerd
  • Golden Rule, Cooperation, and Productivity
  • Greenwald-Stiglitz Theorem and Behavioral Economics
  • H
  • Habits
  • Happiness
  • Happiness and Productivity
  • Hayek, Friedrich
  • Health Economics
  • Heckman, James
  • Hedonic Treadmill
  • Herding
  • Heterogeneous Agents
  • Heuristics
  • Honesty
  • Household Decisions
  • Human Rights and Decision Making
  • Hyperbolic Discounting
  • I
  • IAREP (International Association for Research in Economic Psychology)
  • ICABEEP (International Confederation for the Advancement of Behavioral Economics and Economic Psychology)
  • Identity Economics
  • Ignorance of Base Rates
  • Impulsive Behavior
  • Inefficient Markets
  • Inequity Aversion
  • Institutional Economics
  • Intertemporal Preferences and Consumption
  • Intuition and Decision Making
  • Irrationality and Subrationality
  • J
  • Junk Food
  • K
  • Kahneman, Daniel
  • Katona, George
  • Keynes, John Maynard
  • Kunreuther, Howard C.
  • L
  • Labels and Signaling (Information Provision, Framing, 
and Economic Efficiency)
  • Labor Market Regulation
  • Labor Supply and Target Income
  • Law and Behavioral Economics
  • Law and Economics, and Social Norms
  • Leibenstein, Harvey
  • Limits of Arbitrage
  • Liquidity Trap and Liquidity Preference
  • Loss Aversion
  • Lucas Critique and Behavioral Economics
  • M
  • Macroeconomics (Behavioral)
  • March, James G.
  • Mental Accounting
  • Metapreferences
  • Minsky Moment
  • Momentum Investing
  • Money Illusion
  • Moods and Financial Markets
  • Moral Hazard and Behavioral Economics
  • Moral Motivation
  • Multiple Equilibria
  • Myopic Loss Aversion
  • N
  • Nash Equilibrium
  • Nastiness Experiments
  • Neuroeconomics
  • Neuroplasticity
  • Noise Trading
  • Nonmonetary Incentives
  • Norms
  • North, Douglass
  • Nudging
  • O
  • Oakeshott, Michael
  • Obesity
  • Organ Donation and Framing
  • Organizational Capital
  • Ostrom, Elinor
  • Overconfidence
  • Overconsumption
  • Overemployment and Underemployment
  • P
  • Paternalism
  • Path Dependency
  • Peer Pressure
  • Pensions and Framing
  • Plott, Charles
  • Population Growth
  • Preference Pollution
  • Preference Reversal
  • Preferences (Interdependent)
  • Preferences (Revealed)
  • Preferences (True)
  • Present-Biased Preferences
  • Pretense of Knowledge
  • Price Stickiness
  • Price-Quality Illusion
  • Priming and Financial Decisions
  • Principal-Agent Theory and Behavioral Economics
  • Prisoner's Dilemma
  • Profit Maximization and Behavioral Economics
  • Prospect Theory
  • Public Good Game
  • R
  • Rationality (Process and Neoclassical)
  • Reasons
  • Reciprocity
  • Reference Effects
  • Regret
  • Relational Goods
  • Relative Income Effects
  • Relative Positioning
  • Relative Thinking
  • Religion and Decision Making
  • Representativeness Bias
  • Risk and Knightian Uncertainty
  • Roth, Alvin E.
  • S
  • Sample Size Null Hypothesis Significance Testing
  • Satisficing
  • Schelling, Thomas C.
  • Self-Control
  • Self-Fulfilling Prophecies
  • Self-Serving Bias
  • Selten, Reinhard
  • Sen, Amartya
  • Shiller, Robert
  • Simon, Herbert
  • Slovic, Paul
  • Smith, Adam, and Moral Sentiments
  • Smith, Adam, and Theory of Moral Sentiments
  • Smith, Vernon L.
  • Snob Effect
  • Social Capital and Behavioral Economics
  • Social Capital and Personal Capital (Gary Becker)
  • Social Cohesion
  • Social Preferences within a Population
  • Social Ties
  • Society for the Advancement of Behavioral Economics
  • Somatic Marker Hypothesis
  • Spontaneous Order
  • Sports Economics and Economic Psychology
  • Sports Economics and Performance Inefficiencies
  • Statistical Significance and Behavioral Economics
  • Status Quo Bias
  • Stiglitz, Joseph
  • Strategy Method (and Payment Cards)
  • Subjective Expected Utility
  • Suicide
  • Sunk Cost Fallacy
  • Survival Principle
  • Switching Costs
  • T
  • Tax Avoidance, Tax Evasion, and the Shadow Economy
  • Tax Compliance
  • Thaler, Richard
  • Tipping
  • Tit-for-Tat
  • Tragedy of the Commons
  • Transaction Costs and Behavioral Economics
  • Trust
  • Trust Game
  • Trust Heuristic
  • Tversky, Amos
  • U
  • Ultimatum Game
  • Uncertainty Effect
  • Unemployment, Psychology, and X-Inefficiency
  • Utility (Experienced)
  • Utility (Remembered)
  • V
  • Validity, External (Generalizability)
  • Veblen, Thorstein B.
  • W
  • Wage Stickiness, Loss Aversion, and the Phillips Curve
  • Warm Glow
  • Williamson, OIiver
  • Winner's Curse
  • X
  • X-Efficiency/X-Inefficiency
  • Contributors
  • About the Editor