Course in Behavioral Economics

ISBN-10: 0230304540

ISBN-13: 9780230304543

Edition: 2012

Authors: Erik Angner

List price: $29.99
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Book details

List price: $29.99
Copyright year: 2012
Publisher: Palgrave Macmillan Limited
Publication date: 4/13/2012
Binding: Paperback
Pages: 272
Size: 6.75" wide x 9.50" long x 0.75" tall
Weight: 1.430
Language: English

Erik is a Fellow of the Institute for Philosophy and Public Policy and has affiliate appointments in the Department of Economics and in the School of Public Policy. As a result of serious mission creep, he holds two PhDs - one in Economics and one in History and Philosophy of Science - both from the University of Pittsburgh. He is the author of multiple journal articles and book chapters on behavioral and experimental economics.

Introduction
Introduction
What is this Book?
The Origins of Behavioral Economics
Methods
Looking Ahead
Choice Under Certainty
Rational Choice Under Certainty
Introduction
Preferences
Rational Preferences
Box: Logical Symbols
Indifference and Strict Preference
Box: How to do Proofs
Preference Orderings
Choice Under Certainty
Utility
Box: Final Word on Proofs
Discussion
Decision-making Under Certainty
Introduction
Opportunity Costs
Sunk Costs
Menu Dependence
Loss Aversion
Anchoring and Adjustment
Discussion
Judgment Under Risk And Uncertainty
Probability Judgment
Introduction
Fundamentals of Probability Theory
Unconditional Probability
Box: Odds
Conditional Probability
Total Probability and Bayes's Rule
Bayesian Updating
Discussion
Judgment Under Risk And Uncertainty
Introduction
The Gambler's Fallacy
Conjunction and Disjunction Fallacies
Base-rate Neglect
Confirmation Bias
Availability
Discussion
Choice Under Risk And Uncertainty
Rational Choice Under Risk and Uncertainty
Introduction
Uncertainty
Expected Value
Expected Utility
Attitudes Toward Risk
Discussion
Decision-Making under Risk and Uncertainty
Introduction
Framing Effects
Bundling and Mental Accounting
The Allais Problem
The Ellsberg Problem
Probability Weighting
Discussion
Intertemporal Choice
The Discounted Utility Model
Introduction
Interest rates
Exponential Discounting
Box: Discount Rates
Discussion
Intertemporal Choice
Introduction
Hyperbolic Discounting
Choosing Not to Choose
Preferences Over Profiles
Discussion
Strategic Interaction
Analytical Game Theory
Introduction
Nash Equilibrium in Pure Strategies
Nash Equilibrium in Mixed Strategies
Equilibrium Refinements
Discussion
Behavioral Game Theory
Introduction
Social Preferences
Intentions, Reciprocity, and Trust
Limited Strategic Thinking
Discussion
Concluding Remarks
General Discussion
Introduction
Behavioral Welfare Economics
Assessing Behavioral Economics
Conclusion
Bibliography
Appendix: Answer Key
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