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Advances in Behavioral Economics

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2004 Hard cover Fine in very good dust jacket. Dust jacket shows slight crimping at extremities. Interior is tight, clean, unmarked. 776 p.

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Overview

Advances in Behavioral Economics will serve as the definitive single-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 psychologist and social scientists with an interest in how behavioral insights are being applied in economics.
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Product Details

Table of Contents

List of Contributors
Preface
Acknowledgments
Pt. 1 Introduction 1
Ch. 1 Behavioral Economics: Past, Present, Future 3
Pt. 2 Basic Topics 53
Reference-Dependence and Loss-Aversion
Ch. 2 Experimental Tests of the Endowment Effect and the Coase Theorem 55
Ch. 3 Mental Accounting Matters 75
Preferences Over Risky and Uncertain Outcomes
Ch. 4 Developments in Nonexpected-Utility Theory: The Hunt for a Descriptive Theory of Choice under Risk 104
Ch. 5 Prospect Theory in the Wild: Evidence from the Field 148
Intertemporal Choice
Ch. 6 Time Discounting and Time Preference: A Critical Review 162
Ch. 7 Doing It Now or Later 223
Fairness and Social Preferences
Ch. 8 Fairness as a Constraint on Profit Seeking: Entitlements in the Market 252
Ch. 9 A Theory of Fairness, Competition, and Cooperation 271
Ch. 10 Incorporating Fairness into Game Theory and Economics 297
Ch. 11 Explaining Bargaining Impasse: The Role of Self-Serving Biases 326
Game Theory
Ch. 12 Theory and Experiment in the Analysis of Strategic Interaction 344
Ch. 13 Behavioral Game Theory: Predicting Human Behavior in Strategic Situations 374
Pt. 3 Applications 393
Macroeconomics and Savings
Ch. 14 Mental Accounting, Saving, and Self-Control 395
Ch. 15 Golden Eggs and Hyperbolic Discounting 429
Ch. 16 The Fair Wage-Effort Hypothesis and Unemployment 458
Ch. 17 Money Illusion 483
Labor Economics
Ch. 18 Fairness and Retaliation: The Economics of Reciprocity 510
Ch. 19 Labor Supply of New York City Cab Drivers: One Day at a Time 533
Ch. 20 Wages, Seniority, and the Demand for Rising Consumption Profiles 548
Ch. 21 Incentives, Punishment, and Behavior 572
Finance
Ch. 22 Myopic Loss-Aversion and the Equity Premium Puzzle 590
Ch. 23 Do Investors Trade Too Much? 606
Ch. 24 Loss-Aversion and Seller Behavior, Evidence from the Housing Market 633
Pt. 4 New Foundations 657
Ch. 25 Case-Based Decision Theory 659
Ch. 26 Out of Control: Visceral Influences on Behavior 689
Index 725
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