Economic Choice Theory: An Experimental Analysis of Animal Behavior

Economic Choice Theory: An Experimental Analysis of Animal Behavior

by John H. Kagel, Raymond C. Battalio, Leonard Green
     
 

ISBN-10: 0521035929

ISBN-13: 9780521035927

Pub. Date: 05/28/2007

Publisher: Cambridge University Press

This book details the results of the authors' research using laboratory animals to investigate individual choice theory in economics, particularly consumer-demand and labor-supply behavior and choice under uncertainty. The use of laboratory animals provides the opportunity to conduct controlled experiments involving precise and demanding tests of economic theory with…  See more details below

Overview

This book details the results of the authors' research using laboratory animals to investigate individual choice theory in economics, particularly consumer-demand and labor-supply behavior and choice under uncertainty. The use of laboratory animals provides the opportunity to conduct controlled experiments involving precise and demanding tests of economic theory with rewards and punishments of real consequence. Economic models are compared with psychological and biological choice models along with the results of experiments testing between these competing explanations. Results of animal experiments are used to address questions of importance related to social policy. A number of new experimental results are reported along with summaries of the authors' previously published studies and related research.

Product Details

ISBN-13:
9780521035927
Publisher:
Cambridge University Press
Publication date:
05/28/2007
Edition description:
Reissue
Pages:
248
Product dimensions:
5.98(w) x 8.98(h) x 0.55(d)

Table of Contents

Preface
Ch. 1Introduction1
Ch. 2Commodity-choice behavior I: Some initial tests of the theory8
Ch. 3Commodity-choice behavior II: Tests of competing motivational processes and the representative consumer hypothesis47
Ch. 4Labor-supply behavior I: Initial tests of the theory with some public policy implications79
Ch. 5Labor-supply behavior II: Tests of competing motivational processes and earnings distributions for animal workers109
Ch. 6Choices over uncertain outcomes134
Ch. 7Intertemporal choice173
Ch. 8Summing up200
Bibliography207
Index221

Read More

Customer Reviews

Average Review:

Write a Review

and post it to your social network

     

Most Helpful Customer Reviews

See all customer reviews >