Download or read book Behavioral Economy Method Impacts Productivity written by Johnny Ch LOK and published by . This book was released on 2019-07-05 with total page 542 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book divides two parts. Part one, I explain what behavioral economy mean and what behavioral economic methods can be applied to predict consumer emotions and raise staff productivities behaviors.In part one, chapter one I shall explain how to apply behavioral economic method to predict normal basic income consumption client group's habitual spending behavior as well as how to apply behavioral economic method to predict how labor market changing behavior and predict when labor market changes will occur in order to solve shortage of labor or job supply shortage challenges, I shall explain how can apply behavioral economy method raises basic stable income consumer consumption desire, I shall explain behavioral economy method to explain what is the mean of basic stable income consumption great of small amount desire, how to apply life-cycle advertisement method to predict of consumer behavior, and explain how to apply behavioral economy method to raise electricity consumption from electricity user individual habit.In part one, chapter two, I shall explain how to apply behavioral economic method to build consumer confidence is as a predictor of consumption spending. I shall also explain what confidence in consumption survey means and I shall apply behavioral economy method to explain how and why to apply survey to gather data in consumption market. It can measure how much degree of confidence of overall clients to the brand of product or service as well as how to build consumer confidence to buy the brand of product or consume the brand of service as well as I shall also explain what a confidence indicator means and how to apply confidence indicator to predict how many potential consumers will choose to buy the brand of product or consume the brand of service. I shall explain how to apply behavioral economy methods to influence employee individual psychology to achieve to raise productivity of long term incentive invention. I shall apply behavioral economy method to explain why increasing salary is short term incentive productivity method, how to improve the design of incentive structures to encourage productivities organizations, how to build employees and managers kindly co-operational relationship method, explain whether bonus method can encourage service performance to be raised as well as how to apply behavioral economy method to explain how to predict human motivation natural behaviors. I shall apply behavioral economic method to explain that why under-level productive efficiency is not represent low production number to the manufacturer as well as low-consumption desire is not represent less consumer demands or customers lose confidence to the product.In part two, I shall indicate some large organization cases how to apply behavioral economy methods to predict consumer behaviors and solve consumer desire challenges as well as how to apply behavioral economic methods to raise staff productivities.On part three, This first part explains how and why time pressure will influence marketing behavior. I shall indicate some service and product case to explain what the time pressure consumption environment can influence consumer decision making. I also indicate some large international organizations to explain how and why consumers will feel time pressure to influence their consumption behaviors. This second part explains how and why time pressure will influence employees feel that they need learn how to change their working behavior in order to adapt their working pressure environment.

Download or read book Behavioral Economic Method Predicts Consumer And written by Johnny Ch Lok and published by . This book was released on 2019-10-05 with total page 408 pages. Available in PDF, EPUB and Kindle. Book excerpt: Can bonus method encourage service performance to be raised ?In service job nature of bonus method can also raise employees' overall productivities or service performance. For example, when employees got a provisional bonus before the start of the workweek, but were warned that they would lose it on payday, unless they achieve the productivities or excellent service performance norm, they worked more productivities or let many clients to satisfy their service performance. Hence, managers can achieve bonus plan to compensate any excellent productivity or excellent services to them. Then, they can let clients to feel their service performance more satisfactory than employees of a control group who were merely given the standard promise to receive a bonus upon achieving the norm.The effort was relatively small, however, productivity grew 1%. Interestingly, the effect of a loss was stronger when how teams were rewarded this way, social pressure came to bear on the less productivity team members. When the team members won't earn any bonus. So, long-term productivity gains were achieved through bonuses paid by excellent performance compensation method to compare to low service performance employees receiving no bonuses at all.Economic views of human motivation natureThere are only two main types of economic actors and by making simplifying assumptions about how these types of actors behave and interact. The two basic sets of actors in this model are firms, which are assumed in this model are firms, which are assumed to maximize their profits from producing and selling products and services, households, which are assumed to maximize their utility ( or satisfaction) from consuming products and services.It seems any employees will choose to do behaviors to achieve to earn much benefits from their organizations. The models of economic behaviors that consider considerate employees' choice of goals, the actions they take to achieve these goals and the limitations and influences that affect their choices and actions.For university students choose which universities to study case, suppose that any college enrollment students are deciding which courses to study. Thus, it implies that if the university can provide many different kinds of suitable or right courses to any college enrollment students to choose to study. It means that if the university can provide many different kinds of courses to enrollment students to choose to study. Then, it will have much chance to attract enrollment students to choose this university to study. It's competition can be raised by many courses choice factor. but, in fact, it is not absolute right, although the university can provide many courses to provide to enrollment students to choose to study. But, it is not guarantee to represent it must attract many students to enroll this university to study. For example, suppose that college enrollment students are deciding which courses to choose to study. Although, it has right course to prepare to these enrollment students to choose to study. But, they see a summary of evaluations from hundreds of other students indicating that a certain course is very good in this university. Then, suppose that they match a video interview of just one student to give a negative review of this university of the course. Even when students were told in advance that such a negative review was worse to this university of the course. They tended to be more influenced by the negative review than the summary of hundreds of evaluations, even although such behavior seems irrational. Hence, although many right courses choice has much chance to attract students to enroll this university to study. But, if its bad educational quality from this course from negative review factor, which will influence the enrollment students number to be reduced.

Download or read book Behavioral Economic Method Solves Consumption and Productivity Challenges written by Johnny Ch LOK and published by . This book was released on 2018-05-20 with total page 425 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why is consumer as an economic man? IN behavioral economy view point, the concept of answer is one of the fundamental concepts in economics because the consumer is the case market participant along with the producer. In general, lecturers define the consumer in various ways, but in behavioral economy view point, consumers mean economy man. Because who will compare cost and benefit to any product or service to decide to choose to buy the product or consume the service. Consumers are as "economic man", who will make own subjective preferences ( tastes), habits and traditions and existing objective constraints ( i.e. disposal income) market prices of products and services in order to satisfy whose needs to a maximum degree and in the most rational way. Thus, economic man means consumers need to make psychological mind to decide whether who either prefer to buy this product or another product or prefer to consume this service or another service more suitable. Thus, any markets or industries need have themselves benefits and consumers must need to evaluate whether the product or service has more benefits to compare other products or services in the consumption market to satisfy whose needs. It means that if the product or service has more benefits to compare other similar products or services. Then the product or service will persuade many consumers to choose to but the product or consume the service. Consequently, in first part, I shall indicate how to apply behavioral economy theory : economic man psychological method, benefits and costs benefits method, how to predict these US and UK enterprises marketing behavioral changing more accurate. Nowadays, public and private organizations are increasingly applying behavioral economics methods current or prospective force and more specifically, about their employees' tastes. It has important implications for broader organizational performance, since some designs/ incentives are likely to affect only individuals with a particular disposition, e.g. risk averse or fairness oriented. Behavioral economics refers to the integration of psychological and social insights into economic refers to the integration of psychological and social insights into economic analysis. Such as, understanding of organizational performance. Given that organizations are basically groups of interdependent people, it follows that people's psychology and social concerns are key elements in the functioning of organizations, such as the design of choice and incentive compensation scheme to encourage employees to work hard. These organizational applications are typically carried out under the assumption of homogeneous agents. To put it differently, behavioral applications are generally thought for an " average", representative individual.

Download or read book Behavioral Economic Method Solves Organizational Consumption and Productivity written by Johnny Ch Lok and published by Createspace Independent Publishing Platform. This book was released on 2018-05-25 with total page 440 pages. Available in PDF, EPUB and Kindle. Book excerpt: The field of behavioral economic can be fined as a combination of economics and psychology that tries to capture human behavior in a more realistic. Understanding each consumer individual consumption behavior, we need to know how who does each decision to influence each consumption choice. Consequently, analysis reaches the conclusion. Every high or low level stable basic income consumer individual behavioral consumption that the microeconomic consequences of a stable basic income of individual consumer target consumption group could be efficiency enhancing, but at the same time incentives about positional concerns could lead to wasteful and inefficient spending to the stable low basic income consumer target group.

Download or read book Behavioral Economic Method Solves Organizational Consumption And Productivity Ch written by Johnny Ch lok and published by Createspace Independent Publishing Platform. This book was released on 2018-06-02 with total page 440 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book researchs this question: (1) Does behavioral economy method and psychology method have similar characteristic to predict tranportation, education, environment protection product and entertainment theme park visitor consumption behaviors? This book is concerned how to apply behavioral economy method to predict consumer behavior. Also I shall compare to explain what advantages and disadvantages between any one of my solvable suggestions and the any one of the company's choice of solvable method to these any one sample industry consumer behavioral economic challenges to aim to let any reader to judge whether how to choose the solvable method is better.

Download or read book Behavioral Economic Method Solves Organizational Consumption written by Johnny Ch LOK and published by . This book was released on 2018-05-18 with total page 403 pages. Available in PDF, EPUB and Kindle. Book excerpt: ⦁ How to apply behavioral economic method to predict labor market changing behavior? Instead of applying behavioral economic method to predict every consumer individual consumption effort. Behavioral economic method can be also be applied to predict every country's labor market changing behavior. Particularly, how salary clerical workers or low wage labor workers should move from one type of job to another based on these factors. They include as below:Their intrinsic motivation and how their levels of effort would change after this movement, investigates the effects of income security on social perferences in labor market changing behavior, and how cooperation in social contribution is affected when income security is guaranteed, how to predict the role of positional externalities on conspicuous consumption and how would change the incentive to influence consumption. So, it seems that general labor market job changing behaviors will not influenced by external economic environment better or worse changing factor, or salary changing factor etc. different environmental condition changing factors influence to employees' job changing. Generally, employee's job changing behavior is more influenced to persuade who changes job by himself/herself intrinsic motivation negative emotion influence mainly. How to apply motivation crowding theory to predict labor productivity? One of the main challenges of economic theory is to find what are the optimal incentives that increase productivity of labors. The standing point is usually extrinsic incentive be it is form of monetary compensations for high effort or fine for low effort. It is a kind method of reward or punishment to increase or decrease number of productivity to every labor. But it can only raise short term number of productivity in possible and it can not guarantee high quality of productivity. So if one employer wants a labor to do more of an activity or with a higher quality, consider paying the labor for working hard on punishing whom if for providing a low level effort. This idea is that people do not like to work, and therefore they used some sort of compensation for doing a specific activity, and that the more they are paid the harder, they will work. So, payment better compensation is only beneficial to encourage labors to do one specific task or activity in short term. This method can not be suitable to rise long term beneficial productivity and high level quality of production or excellent performance in long term and it can only keep in short term raising productivity and high level quality of production or excellent perofrmance benefits. Consider paying the labor for working hard on punishing whom if for providing a low level effort. This idea is that people do not like to work, and therefore they used some sort of compensation for doing a specific activity, and that the more they are paid the harder they will work. So, payment better compensation is only beneficial to encourage labors to do one specific task or activity in short term. This method can not be suitable to raise long them beneficial productivity and high quality of products. However, economists would argue that, is a labor has high intrinsic motivative to perform a task, who will provide a high level of effort without compensation by himself/herself but an even higher level of effort of whom is compensated. If a labor does not have any intrinsic motivation to perform a task or an activity, who will provide no effort or a low effort of whom. There is no compensation, but who will increase this level of effort of an extrinsic incentive is implemented.

Download or read book Handbook of Behavioral Economics Foundations and Applications 1 written by and published by Elsevier. This book was released on 2018-09-27 with total page 748 pages. Available in PDF, EPUB and Kindle. Book excerpt: Handbook of Behavioral Economics: Foundations and Applications presents the concepts and tools of behavioral economics. Its authors are all economists who share a belief that the objective of behavioral economics is to enrich, rather than to destroy or replace, standard economics. They provide authoritative perspectives on the value to economic inquiry of insights gained from psychology. Specific chapters in this first volume cover reference-dependent preferences, asset markets, household finance, corporate finance, public economics, industrial organization, and structural behavioural economics. This Handbook provides authoritative summaries by experts in respective subfields regarding where behavioral economics has been; what it has so far accomplished; and its promise for the future. This taking-stock is just what Behavioral Economics needs at this stage of its so-far successful career. Helps academic and non-academic economists understand recent, rapid changes in theoretical and empirical advances within behavioral economics Designed for economists already convinced of the benefits of behavioral economics and mainstream economists who feel threatened by new developments in behavioral economics Written for those who wish to become quickly acquainted with behavioral economics

Download or read book The Oxford Handbook of Work Engagement Motivation and Self Determination Theory written by Marylene Gagne PhD and published by Oxford University Press. This book was released on 2014-06-09 with total page 465 pages. Available in PDF, EPUB and Kindle. Book excerpt: Self-determination theory is a theory of human motivation that is being increasingly used by organizations to make strategic HR decisions and train managers. It argues for a focus on the quality of workers' motivation over quantity. Motivation that is based on meaning and interest is showed to be superior to motivation that is based on pressure and rewards. Work environments that make workers feel competent, autonomous, and related to others foster the right type of motivation, goals, and work values. The Oxford Handbook of Work Motivation, Engagement, and Self-Determination Theory aims to give current and future organizational researchers ideas for future research using self-determination theory as a framework, and to give practitioners ideas on how to adjust their programs and practices using self-determination theory principles. The book brings together self-determination theory experts and organizational psychology experts to talk about past and future applications of the theory to the field of organizational psychology. The book covers a wide range of topics, including: how to bring about commitment, engagement, and passion in the workplace; how to manage stress, health, emotions and violence at work; how to encourage safe and sustainable behavior in organizations; how factors like attachment styles, self-esteem, person-environment fit, job design, leadership, compensation, and training affect work motivation; and how work-related values and goals are forged by the work environment and affect work outcomes.

Download or read book Behavioral Economic Method Solves Organizational Consumption and Productivity written by Johnny Ch Lok and published by . This book was released on 2018-05-26 with total page 150 pages. Available in PDF, EPUB and Kindle. Book excerpt: The field of behavioral economic can be fined as a combination of economics and psychology that tries to capture human behavior in a more realistic. Understanding each consumer individual consumption behavior, we need to know how who does each decision to influence each consumption choice. Consequently, analysis reaches the conclusion. Every high or low level stable basic income consumer individual behavioral consumption that the microeconomic consequences of a stable basic income of individual consumer target consumption group could be efficiency enhancing, but at the same time incentives about positional concerns could lead to wasteful and inefficient spending to the stable low basic income consumer target group.

Download or read book Economy and Marketing and Organizational Behavior Cases Studies written by Johnny Ch LOK and published by Independently Published. This book was released on 2018-04-14 with total page 562 pages. Available in PDF, EPUB and Kindle. Book excerpt: The first part, I shall explain what the labour economy concept is. I shall indicate evidences to give my reasons to predict knowledgeable jobs, such as online office workers, online freelance electronic book authors, online survey researcher, online business researcher etc. internet channel office jobs which will be caused popularly in the future. So, I shall indicate why employers need to concern this online job issue because nowadays employees prefer to work free time and no overtime often. Then, I shall indicate why employers need to concern labor ethic issue and how it can improve the absolute living standard to reduce poor occurrence. I shall indicate some developed countries, e.g. America, England etc. countries and some developing countries, e.g. China and Hong Kong. To give reasons to indicate why this countries' economy growth can not improve the low income level householders living standard in fact. Moreover, I also indicate one economy method to recommend how governments can use this policy to attempt to improve the low income level householder living of standard more accurately to assist employers to raise productivity indirectly.Finally, I shall explain why employers ought to consider the ethics to labor to judge whether how to do right decisions to keep the fairness productivity and the welfare and benefits to whose employees. I also indicate why labor ethics and productivity and even economic growth which has close relationship, so why economists and employers who need to concern ethics to labor to judge to make any social benefits of decisions. Finally, I shall give economic concepts and assumptions to let readers to judge how to do connect moral behavior when to decide labor welfare and raising productivity. It is suitable to any economists or employers who have need to learn how to do the right behavior to satisfy whose employees' emotion to raise productivity. How behavioral economics can provide more realistic psychological foundations. This book is intended to provide an introduction to the approach and methods of behavioral economics, and to some of its major findings, application, and promising new directions. I shall explain how the process of behavior economic field develops, then I shall show what methods are used to measure behavioral economy. Next, I shall indicate what the main two categories of behavioral economy are as well as I shall explain what risky and uncertain outcomes of individual behavior economic theories are as well as what behavioral game theory is. Finally, I shall explain behavioral economic principles of policy makers or decision makers as well as I shall also analyze whether behavioral economy and psychology which has close relationship. This book is suitable to any economists or policy makers or individual consumption makers or students or working people who have interest learn how to apply behavioral economy to judge to do the most reasonable or the most right economic activities in everyday life. The end, I shall apply above mentions to explain what the differences are between labor economy and behavioral economy clearly. This book is suitable to any students, labor or behavioral economists, employers and employees to read. I also hope you can learn more new and unique economic knowledge to assist your economic research in the future.

Download or read book Behavioral Economy Method Solves written by Johnny Ch LOK and published by . This book was released on 2018-05-20 with total page 744 pages. Available in PDF, EPUB and Kindle. Book excerpt: The consumer and consumer purchasing behavior are an important area of interest of many scientific disciplines. The process of economic decision making as well as consumption choices are connected with wider human activities. The terms of both consumer individual attitudes and group social behavior will influence group social behavior will influence consumer individual final consumption decision in every consumption choice process. Thus, behavioral economy method can predict consumer behavioral changing, it can apply these sciences to research, includes sociology, psychology, anthropology, operational research, decision theory etc. different literature research aspects. I assume that businessmen can apply behavioral economy method to predict market changing behaviors successfully if they own behavioral economy knowledge. In this part, I shall concentrate on explain how the perception of the economic man's behavior ( including consumer choice) is applied to predict market behaviors. After explaining the concept of consumer as an economic man, the nature and complexity of consumer behavior are discussed to below different industries' marketing behavioral changing every case studies in US or UK countries. Why is consumer as an economic man? IN behavioral economy view point, the concept of answer is one of the fundamental concepts in economics because the consumer is the case market participant along with the producer. In general, lecturers define the consumer in various ways, but in behavioral economy view point, consumers mean economy man. Because who will compare cost and benefit to any product or service to decide to choose to buy the product or consume the service. Consumers are as "economic man", who will make own subjective preferences ( tastes), habits and traditions and existing objective constraints ( i.e. disposal income) market prices of products and services in order to satisfy whose needs to a maximum degree and in the most rational way. Thus, economic man means consumers need to make psychological mind to decide whether who either prefer to buy this product or another product or prefer to consume this service or another service more suitable. Thus, any markets or industries need have themselves benefits and consumers must need to evaluate whether the product or service has more benefits to compare other products or services in the consumption market to satisfy whose needs. It means that if the product or service has more benefits to compare other similar products or services. Then the product or service will persuade many consumers to choose to but the product or consume the service. Consequently, in first part, I shall indicate how to apply behavioral economy theory : economic man psychological method, benefits and costs benefits method, how to predict these US and UK enterprises marketing behavioral changing more accurate. Nowadays, public and private organizations are increasingly applying behavioral economics methods current or prospective force and more specifically, about their employees' tastes. It has important implications for broader organizational performance, since some designs/ incentives are likely to affect only individuals with a particular disposition, e.g. risk averse or fairness oriented. Behavioral economics refers to the integration of psychological and social insights into economic refers to the integration of psychological and social insights into economic analysis. Such as, understanding of organizational performance.

Download or read book Behavioral Economic Method Solves Consumption and Productivity written by Johnny Ch LOK and published by . This book was released on 2018-05-23 with total page 346 pages. Available in PDF, EPUB and Kindle. Book excerpt: How can behavioral economists judge each behavioral consumption cause? Economists will see evidence that consumers often are unable to make use of what consumers know about whose available options and whose preferences to figure out the best available option. However, although economic theory doesn't always assume self- interested behavior to any consumers, as a practical matter, most applications of economic theory assume that consumers act according to self- interest to decide every behavioral consumption of choice. For insurance industry is one good behavioral economy market example, insurance market competition can make rational consumption. Such as competitive market in auto vehicle accident insurance will charge very high rates to some insurance buyers who might to drive a fast speed, but unsafe motorbike, this one might argue will protect the driving insurance buyers from taking stupid risk. So learning can make rational consumers. Even if consumers are predictably irrational, who can learn from their families and other consumer' or friends behavioral mistakes, therefore, over time irrational consumers will learn to be rational to make the most irrational consumption. As a result, there are few opportunities to learn from consumer individual mistakes of any consumption of decision. Finally, if there are many potential; bad choices and one good consumption of choice, it might take a lot of costly experimentation to figure out the right consumption of choice. Thus, the standard economic model of behavioral consumption of prediction method, which is standard economic theories assume that consumers are rational, strong-willed , and self-interested, but evidence from psychology shows that who are not and that evidence also shows that consumer individual irrationality has predictable features. So, it seems behavioral economic model can make economic predictions more accurate by using the evidence on consumer individual predictable irrational behavioral prediction in any kind of the similar products in competitive market nowadays.

Download or read book Misbehaving The Making of Behavioral Economics written by Richard H. Thaler and published by W. W. Norton & Company. This book was released on 2015-05-11 with total page 502 pages. Available in PDF, EPUB and Kindle. Book excerpt: Winner of the Nobel Prize in Economics Get ready to change the way you think about economics. Nobel laureate Richard H. Thaler has spent his career studying the radical notion that the central agents in the economy are humans—predictable, error-prone individuals. Misbehaving is his arresting, frequently hilarious account of the struggle to bring an academic discipline back down to earth—and change the way we think about economics, ourselves, and our world. Traditional economics assumes rational actors. Early in his research, Thaler realized these Spock-like automatons were nothing like real people. Whether buying a clock radio, selling basketball tickets, or applying for a mortgage, we all succumb to biases and make decisions that deviate from the standards of rationality assumed by economists. In other words, we misbehave. More importantly, our misbehavior has serious consequences. Dismissed at first by economists as an amusing sideshow, the study of human miscalculations and their effects on markets now drives efforts to make better decisions in our lives, our businesses, and our governments. Coupling recent discoveries in human psychology with a practical understanding of incentives and market behavior, Thaler enlightens readers about how to make smarter decisions in an increasingly mystifying world. He reveals how behavioral economic analysis opens up new ways to look at everything from household finance to assigning faculty offices in a new building, to TV game shows, the NFL draft, and businesses like Uber. Laced with antic stories of Thaler’s spirited battles with the bastions of traditional economic thinking, Misbehaving is a singular look into profound human foibles. When economics meets psychology, the implications for individuals, managers, and policy makers are both profound and entertaining. Shortlisted for the Financial Times & McKinsey Business Book of the Year Award

Download or read book Can Psychological Method Solve Consumption and Productivity Challenges written by Johnny Ch LOK and published by Independently Published. This book was released on 2018-07-08 with total page 109 pages. Available in PDF, EPUB and Kindle. Book excerpt: Whether can apply behavioral economic method to raise productivity, service performance in organizations and predict consumer individual emotion in consumption market. I write this book aims to explain whether behavioral economy methods can be attempted to solve how to raise productivities challenge in organizational situations as well as how to predict consumption behaviors challenges. This book divides two parts. Part one, I explain what behavioral economy mean and what behavioral economic methods can be applied to predict consumer emotions and raise staff productivities behaviors. In part one, chapter one I shall explain how to apply behavioral economic method to predict normal basic income consumption client group's habitual spending behavior as well as how to apply behavioral economic method to predict how labor market changing behavior and predict when labor market changes will occur in order to solve shortage of labor or job supply shortage challenges, I shall explain how can apply behavioral economy method raises basic stable income consumer consumption desire, I shall explain behavioral economy method to explain what is the mean of basic stable income consumption great of small amount desire, how to apply life-cycle advertisement method to predict of consumer behavior, and explain how to apply behavioral economy method to raise electricity consumption from electricity user individual habit. In part one, chapter two, I shall explain how to apply behavioral economic method to build consumer confidence is as a predictor of consumption spending. I shall also explain what confidence in consumption survey means and I shall apply behavioral economy method to explain how and why to apply survey to gather data in consumption market. It can measure how much degree of confidence of overall clients to the brand of product or service as well as how to build consumer confidence to buy the brand of product or consume the brand of service as well as I shall also explain what a confidence indicator means and how to apply confidence indicator to predict how many potential consumers will choose to buy the brand of product or consume the brand of service. I shall explain how to apply behavioral economy methods to influence employee individual psychology to achieve to raise productivity of long term incentive invention. I shall apply behavioral economy method to explain why increasing salary is short term incentive productivity method, how to improve the design of incentive structures to encourage productivities organizations, how to build employees and managers kindly co-operational relationship method, explain whether bonus method can encourage service performance to be raised as well as how to apply behavioral economy method to explain how to predict human motivation natural behaviors. I shall apply behavioral economic method to explain that why under-level productive efficiency is not represent low production number to the manufacturer as well as low-consumption desire is not represent less consumer demands or customers lose confidence to the product. In part two, I shall indicate some large organization cases how to apply behavioral economy methods to predict consumer behaviors and solve consumer desire challenges as well as how to apply behavioral economic methods to raise staff productivities.

Download or read book The Economics of Artificial Intelligence written by Ajay Agrawal and published by University of Chicago Press. This book was released on 2024-03-05 with total page 172 pages. Available in PDF, EPUB and Kindle. Book excerpt: A timely investigation of the potential economic effects, both realized and unrealized, of artificial intelligence within the United States healthcare system. In sweeping conversations about the impact of artificial intelligence on many sectors of the economy, healthcare has received relatively little attention. Yet it seems unlikely that an industry that represents nearly one-fifth of the economy could escape the efficiency and cost-driven disruptions of AI. The Economics of Artificial Intelligence: Health Care Challenges brings together contributions from health economists, physicians, philosophers, and scholars in law, public health, and machine learning to identify the primary barriers to entry of AI in the healthcare sector. Across original papers and in wide-ranging responses, the contributors analyze barriers of four types: incentives, management, data availability, and regulation. They also suggest that AI has the potential to improve outcomes and lower costs. Understanding both the benefits of and barriers to AI adoption is essential for designing policies that will affect the evolution of the healthcare system.

Download or read book How Behavioral Economic Method Explains and Predicts written by Johnny Ch LOK and published by . This book was released on 2019-06 with total page 523 pages. Available in PDF, EPUB and Kindle. Book excerpt: Will one consumer feel difficult to make consumption choice or one employee feel pressure to work when the worker works in the company's high pressure productive environment or the consumer makes difficult purchase choice in high pressure consumption environment? Will time pressure bring motivation to the consumer purchase decision or the employee working efficiency? It depends on some factors to either cause time pressure working environment or raise the employee individual efficiency , or time pressure consumption environment can either encourage the consumer purchase decision or discourage the consumer purchase decision . I shall explain as below:What does efficiency mean? Due to economic problem is a scarcity of resource, efficiency is concerns with the optimal production, consumption environment. For time pressure consumption situation example, e.g. supermarket shopping counter check out purchase queue waiting time pressure, cinema purchase ticket queue waiting time pressure, restaurant queue waiting booking table time pressure etc. different consumption pressure time waiting situation. For time pressure woring situation example, e.g. supervisor's demand tasks finishing on time before the employee leaves the office on the day, then the supervisor's demand will cause the employee feels time pressure to do all tasks on time, otherwise, he needs to work overtime, even no extra allowance compensation to his extra time loss, or the employee needs to do another employee's tasks , due to he is absent on the day. However, this situation can be called economically efficient production or consumption if: no one can be worse off, no additional output can be obtained, without increasing the amount of inputs, production proceeds at the lowest possible per unit cost. For these economic efficient consumption situation example, the consumer has much time to wait, the shop has less different styles of products to let them to spend time to choose in the shop's shelf. However, these definitions of efficiency are not exactly equivalent, but all they are caused by the idea that a system is efficient if nothing more than be achieved given the resources available. On time pressure working environment influence aspect, Time pressure working environment may bring efficiency, but time pressure working environment may also bring inefficiency, e.g. employing workers who are not necessary for the productive process. For example, a firm may be more concerned about the political implications of making people redundant than getting rid of surplus workers, or lack of management control, if a firm does not have supervision of workers, then productivity may tall as workers talk it easy, not finding cheapest suppliers, a firm may continue to source raw materials from a high cost supplier rather than look for cheaper raw materials to be supplied to let workers to work in one short time task finishing environment. Then, they may feel short time task finishing pressure to bring inefficiency production result.I shall indicate efficient production and efficient consumption situations as below:

Download or read book Behavioral Economics and Public Health written by Christina A. Roberto and published by Oxford University Press, USA. This book was released on 2016 with total page 385 pages. Available in PDF, EPUB and Kindle. Book excerpt: Behavioral economics has potential to offer novel solutions to some of today's most pressing public health problems: How do we persuade people to eat healthy and lose weight? How can health professionals communicate health risks in a way that is heeded? How can food labeling be modified to inform healthy food choices? Behavioral Economics and Public Health is the first book to apply the groundbreaking insights of behavioral economics to the persisting problems of health behaviors and behavior change. In addition to providing a primer on the behavioral economics principles that are most relevant to public health, this book offers details on how these principles can be employed to mitigating the world's greatest health threats, including obesity, smoking, risky sexual behavior, and excessive drinking. With contributions from an international team of scholars from psychology, economics, marketing, public health, and medicine, this book is a trailblazing new approach to the most difficult and important problems of our time.