Microeconomics Optimization, Experiments, and Behavior

ISBN-10: 0195189620

ISBN-13: 9780195189629

Edition: 2006

Authors: John P. Burkett

List price: $82.00
30 day, 100% satisfaction guarantee

If an item you ordered from TextbookRush does not meet your expectations due to an error on our part, simply fill out a return request and then return it by mail within 30 days of ordering it for a full refund of item cost.

Learn more about our returns policy


Introductory economics textbooks teach the traditional, neoclassical theories of individual behavior, first put forth by figures like Adam Smith. Research in experimental and behavioral economics, however, shows that people choose rationally only part of the time. Often they lack the resources to make optimal decisions. The most innovative feature of this textbook is its extensive coverage of this recent research in cognitive psychology and behavioral and experimental economics. It not only documents behavior inconsistent with traditional theory, but also advances positive theories with superior predictive power. At the same time, it will teach the essential traditional theories, and therefore offer complete historical coverage of a rapidly changing field.
what's this?
Rush Rewards U
Members Receive:
You have reached 400 XP and carrot coins. That is the daily max!
Study Briefs

Limited time offer: Get the first one free! (?)

All the information you need in one place! Each Study Brief is a summary of one specific subject; facts, figures, and explanations to help you learn faster.

Add to cart
Study Briefs
Periodic Table Online content $4.95 $1.99
Add to cart
Study Briefs
Business Ethics Online content $4.95 $1.99
Add to cart
Study Briefs
Business Law Online content $4.95 $1.99
Customers also bought

Book details

List price: $82.00
Copyright year: 2006
Publisher: Oxford University Press, Incorporated
Publication date: 4/20/2006
Binding: Hardcover
Pages: 352
Size: 7.00" wide x 10.00" long x 0.75" tall
Weight: 1.782
Language: English

The Origins and Scope of Microeconomics
Inputs, Outputs, and Costs
Cost Minimalization Using Linear Programming
Production and Costs
The Production Decisions of Competitive Firms
Marginal Products and Factor Proportions
Comparative Advantage and Gains from Trade
Allocation of Factors in Competitive Markets
Consumer Choice and Demand
Exchange and Product Assortment
Loss Aversion and Reference-dependent Preferences
The Context and Framing of Choice
Labor Supply
Monopology and Monopsony Power
Oligopoly and Oligopsony: Classic Models
Economics and Time
Saving Behavior
Inconsistent Intemporal Choice
Economics of Risk
Behavior in the Face of Risk
Game Theory and Modern Models of Oligopoly
Time, Risk, and Investment
Technological Change
Assets, Investment and Financial Markets
Government's Roles in the Economy
Free shipping on orders over $35*

*A minimum purchase of $35 is required. Shipping is provided via FedEx SmartPost® and FedEx Express Saver®. Average delivery time is 1 – 5 business days, but is not guaranteed in that timeframe. Also allow 1 - 2 days for processing. Free shipping is eligible only in the continental United States and excludes Hawaii, Alaska and Puerto Rico. FedEx service marks used by permission."Marketplace" orders are not eligible for free or discounted shipping.

Learn more about the TextbookRush Marketplace.