Microeconomics Optimization, Experiments, and Behavior

Name: Microeconomics Optimization, Experiments, and Behavior
Price: 6.07 USD
Availability: InStock
ISBN: 9780195189629

ISBN-10: 0195189620

ISBN-13: 9780195189629

Edition: 2006

Authors: John P. Burkett

List price: $135.00

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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…

Book details

List price: $135.00
Copyright year: 2006
Publisher: Oxford University Press, Incorporated
Publication date: 4/20/2006
Binding: Hardcover
Pages: 352
Size: 10.00" wide x 7.20" long x 0.90" tall
Weight: 1.782




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