Download or read book Four Essays on Behavioral Economics written by Pleßner, Marco and published by kassel university press GmbH. This book was released on 2017 with total page 7 pages. Available in PDF, EPUB and Kindle. Book excerpt: Key Terms: Behavioral Economics, Behavioral Finance, Experimental Economics

Download or read book Essays on Behavioral Economics written by George Katona and published by Ann Arbor, Mich. : Survey Research Center, Institute for Social Research, University of Michigan. This book was released on 1980 with total page 120 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Essays on Behavioral Economics written by George Katona and published by . This book was released on with total page 107 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Social and Economic Factors in Decision Making under Uncertainty written by Kinga Posadzy and published by Linköping University Electronic Press. This book was released on 2017-11-16 with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt: The objective of this thesis is to improve the understanding of human behavior that goes beyond monetary rewards. In particular, it investigates social influences in individual’s decision making in situations that involve coordination, competition, and deciding for others. Further, it compares how monetary and social outcomes are perceived. The common theme of all studies is uncertainty. The first four essays study individual decisions that have uncertain consequences, be it due to the actions of others or chance. The last essay, in turn, uses the advances in research on decision making under uncertainty to predict behavior in riskless choices. The first essay, Fairness Versus Efficiency: How Procedural Fairness Concerns Affect Coordination, investigates whether preferences for fair rules undermine the efficiency of coordination mechanisms that put some individuals at a disadvantage. The results from a laboratory experiment show that the existence of coordination mechanisms, such as action recommendations, increases efficiency, even if one party is strongly disadvantaged by the mechanism. Further, it is demonstrated that while individuals’ behavior does not depend on the fairness of the coordination mechanism, their beliefs about people’s behavior do. The second essay, Dishonesty and Competition. Evidence from a stiff competition environment, explores whether and how the possibility to behave dishonestly affects the willingness to compete and who the winner is in a competition between similarly skilled individuals. We do not find differences in competition entry between competitions in which dishonesty is possible and in which it is not. However, we find that due to the heterogeneity in propensity to behave dishonestly, around 20% of winners are not the best-performing individuals. This implies that the efficient allocation of resources cannot be ensured in a stiff competition in which behavior is unmonitored. The third essay, Tracing Risky Decision Making for Oneself and Others: The Role of Intuition and Deliberation, explores how individuals make choices under risk for themselves and on behalf of other people. The findings demonstrate that while there are no differences in preferences for taking risks when deciding for oneself and for others, individuals have greater decision error when choosing for other individuals. The differences in the decision error can be partly attributed to the differences in information processing; individuals employ more deliberative cognitive processing when deciding for themselves than when deciding for others. Conducting more information processing when deciding for others is related to the reduction in decision error. The fourth essay, The Effect of Decision Fatigue on Surgeons’ Clinical Decision Making, investigates how mental depletion, caused by a long session of decision making, affects surgeon’s decision to operate. Exploiting a natural experiment, we find that surgeons are less likely to schedule an operation for patients who have appointment late during the work shift than for patients who have appointment at the beginning of the work shift. Understanding how the quality of medical decisions depends on when the patient is seen is important for achieving both efficiency and fairness in health care, where long shifts are popular. The fifth essay, Preferences for Outcome Editing in Monetary and Social Contexts, compares whether individuals use the same rules for mental representation of monetary outcomes (e.g., purchases, expenses) as for social outcomes (e.g., having nice time with friends). Outcome editing is an operation in mental accounting that determines whether individuals prefer to first combine multiple outcomes before their evaluation (integration) or evaluate each outcome separately (segregation). I find that the majority of individuals express different preferences for outcome editing in the monetary context than in the social context. Further, while the results on the editing of monetary outcomes are consistent with theoretical predictions, no existing model can explain the editing of social outcomes.

Download or read book Renaissance in Behavioral Economics written by Roger Frantz and published by Routledge. This book was released on 2007-06-14 with total page 292 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economists working on behavioral economics have been awarded the Nobel Prize four times in recent years. This book explores this innovative area and in particular focuses on the work of Harvey Leibenstein, one of the pioneers of the discipline. The topics covered in the book include agency theory; dynamic efficiency; evolutionary economics; X-efficiency; the effect of emotions, specifically affect on decision-making; market pricing; experimental economics; human resource management; the Carnegie School, and intra-industry efficiency in less developed countries.

Download or read book Renaissance in Behavioral Economics written by Roger Frantz and published by Routledge. This book was released on 2007-06-14 with total page 249 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economists working on behavioral economics have been awarded the Nobel Prize four times in recent years. This book explores this innovative area and in particular focuses on the work of Harvey Leibenstein, one of the pioneers of the discipline. The topics covered in the book include agency theory; dynamic efficiency; evolutionary economics; X-efficiency; the effect of emotions, specifically affect on decision-making; market pricing; experimental economics; human resource management; the Carnegie School, and intra-industry efficiency in less developed countries.

Download or read book Essays in Behavioral Economics written by Uri Gneezy and published by . This book was released on 1997 with total page 128 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Advances in Behavioral Economics written by Friedel Bolle and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 237 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume is dedicated to Horst Todt who celebrated his seventieth an niversaryon March 14, 2000. All the contributors know Horst Todt personally and (with the exception of two younger co-authors) have accompanied his scientific career for sev eral years, some as his assistants, some as his colleagues at the Frankfurt or Hamburg University, some as fellow members in scientific societies. All who know him acknowledge inspiring conversations on a broad field of issues often reaching far beyond the scope of economics. Being friendly and entertaining and without exaggerated personal ambition he often initiated work which others completed. In particular the two editors of this volume experienced and enjoyed the stimulating atmosphere at his Chair of Economics at the Hamburg University. We like to remember these scientifically and personally fruitful years under the tutorship of Horst Todt. The editors would like to thank the contributors to this volume for their readiness to cooperate and for the promptness of their delivery.

Download or read book Essays on Behavioral Economics written by George Katona and published by Ann Arbor, Mich. : Survey Research Center, Institute for Social Research, University of Michigan. This book was released on 1980 with total page 120 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Financial literacy motivated reasoning and gender written by Thérèse Lind and published by Linköping University Electronic Press. This book was released on 2019-05-16 with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt: I wrote this thesis to create a better understanding of how individual characteristics influence our feelings, our behavior and our way of interpreting information. My focus is on financial behavior and financial information, however I also consider a political context. I investigate the (usually) enabling abilities of financial literacy and numeracy. I also consider impediments such as stereotype threat and motivated reasoning, which can prevent people from engaging in certain behaviors or from interpreting information objectively. Both processes stem from valued beliefs and psychological foundations, consequently peoples’ efforts, decisions, and evaluations are based on them. The first essay, “Competence, confidence, and gender: The role of perceived and actual financial literacy in household finance,” broadens our understanding of the benefits of financial competence. I contrast perceived and actual levels of financial literacy, and consider the role of numeracy and cognitive reflective ability. I conclude that perceived and actual levels of financial literacy positively affect behavior and wellbeing; however, perceived financial literacy more so than actual financial literacy. No such effect is observed for numeric ability and cognitive reflection. Furthermore, women are more anxious about financial matters even though they tend to engage more frequently in the considered financial behaviors. The second essay, “Threatening finance? Examining the gender gap in financial literacy,” continues my exploration of the relationship between gender and financial literacy. In a series of studies, I investigate whether the observed gender gap in financial literacy can be identified in nonnumerical contexts, if it can be associated with confidence in financial matters, and if it can be attributed to stereotype threat, which posits that inbuilt prejudices about gender and finance undermine women’s performance of tasks that involve finance. The results show that the observed gender gap in financial literacy is robust even in nonnumerical financial contexts and suggest that a stereotype threat for women in the financial domain might be present. The gender gap in financial literacy could not be attributed to a difference in (displayed) confidence. In the third essay, “Preferences for lump-sum over divided payment structures,” I investigate whether or not people display systematic preferences for lump–sum or divided payment structures and how these preferences differ in gain (benefit) and loss (payment) situations. I investigate what happens when payments belong to a single underlying event, such as when people can choose to pay immediately or in installments. I also examine whether or not individual differences in time preferences, risk preferences, numeracy, and financial literacy are associated with preferences for one payment structure or the other. The aggregate results show a tendency for people to prefer obtaining and paying money in lump sums. I find no systematic indication that the considered individual differences play a role in this type of decision. The fourth essay, “Motivated reasoning when assessing the effect of refugee intake,” inquires into differences in worldview ideology, whether people identify as nationally or globally oriented, hinder them from objectively interpreting information. I use an experiment to find out if people display motivated reasoning when interpreting numerical information about the effects of refugees on the crime rate. Our results show evidence of motivated reasoning along the lines of worldview ideology. However, individuals with higher numeric ability were less likely to engage in motivated reasoning, leading to the conclusion that motivated reasoning is more likely to be driven by feelings and emotional cues than by deliberate analytical processes.

Download or read book Advances in Behavioral Economics written by Colin Camerer and published by . This book was released on 2006 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Twenty Years Ago, Behavioral Economics Did Not Exist As A Field. Most Economists Were Deeply Skeptical Even Antagonistic Toward The Idea Of Importing Insights From Psychology Into Their Field. Today, Behavioral Economics Has Become Virtually Mainstream. It Is Well Represented In Prominent Journals And Top Economics Departments, And Behavioral Economists, Including Several Contributors To This Volume, Have Garnered Some Of The Most Prestigious Awards In The Profession. This Book Assembles Of Most Important Writing On Behavioral Economics Published Since Around 1990. Among The Twenty-Five Essays Are Many That Update And Extend Earlier Foundational Contributions, As Well As Cutting-Edge Ones That Break New Theoretical And Empirical Ground. Advances In Behavioral Economics Will Serve As The Definitive Single-Volume Resource For Those Who Want To Familiarize Themselves With The New Field Or Keep Up-To-Date With The Latest Developments. It Will Not Only Be A Core Text For Students, But Will Be Consulted Widely By Professional Economists, As Well As Psychologists And Social Scientists With An Interest In How Behavioral Insights Are Being Applied In Economics.This Special Low-Priced Edition Is For Sale In India, Bangladesh, Bhutan, Maldives, Nepal, Myanmar, Pakistan And Sri Lanka Only.

Download or read book Kahnemann and Tversky and the making of behavioral economics written by Floris Heukelom and published by Rozenberg Publishers. This book was released on 2009 with total page 186 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Decision Making Affect and Learning written by Mauricio R. Delgado and published by OUP Oxford. This book was released on 2011-03-24 with total page 576 pages. Available in PDF, EPUB and Kindle. Book excerpt: This latest volume in the critically acclaimed and highly influential Attention and Performance series focuses on two of the fastest moving research areas in cognitive and affective neuroscience - decision making and emotional processing. Decision Making, Affect, and Learning investigates the psychological and neural systems underlying decision making, and the relationship with reward, affect, and learning. In addition, it considers neurodevelopmental and clinical aspects of these issues - for example the role of decision making and reward in drug addiction. It also looks at the applied aspects of this knowledge to other disciplines, including the growing field of Neuroeconomics. After an introductory chapter from the Volume editors, the book is then arranged according to the following themes: Psychological Processes underlying decision-making. Neural systems of decision-making Neural systems of emotion, reward and learning Neurodevelopmental and clinical aspects Superbly written and edited, the book highlights the complex interplay between emotional and decision-making processes and their relationship with learning.

Download or read book The Selten School of Behavioral Economics written by Axel Ockenfels and published by Springer. This book was released on 2014-11-12 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Reinhard Selten, to date the only German Nobel Prize laureate in economics, celebrates his 80th birthday in 2010. While his contributions to game theory are well-known, the behavioral side of his scientific work has received less public exposure, even though he has been committed to experimental research during his entire career, publishing more experimental than theoretical papers in top-tier journals. This Festschrift is dedicated to Reinhard Selten’s exceptional influence on behavioral and experimental economics. In this collection of academic highlight papers, a number of his students are joined by leading scholars in experimental research to document the historical role of the “Meister” in the development of the research methodology and of several sub-fields of behavioral economics. Next to the academic insight in these highly active fields of experimental research, the papers also provide a glance at Reinhard Selten’s academic and personal interaction with his students and peers.

Download or read book The Behavioral Economics of Translation written by Douglas Robinson and published by Taylor & Francis. This book was released on 2022-11-30 with total page 253 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book applies frameworks from behavioral economics to Western thinking about translation, mapping four approaches to eight keywords in translation studies to bring together divergent perspectives on the study of translation and interpreting. The volume takes its points of departure from the tensions between the concerns of behavioral and neoclassical economists. The book considers on one side behavioral economists’ interest in the predictable irrationality of “Humans” and its nuances as they unfold in terms of gender, here organized around Masculine Human, Feminine Human, and Queer perspectives, and on the other side neoclassical economists’ chief concerns with the unfailing rationality of the “Econs.” Robinson applies these four approaches across eight chapters, each representing a keyword in the study of translation—agency; difference; Eurocentrism; hermeneutics; language; norms; rhetoric; and world literature—with case studies that problematize the different categories. Taken together, the book offers a comprehensive treatment of the behavioral economics of translation and promotes new ways of thinking in the study of translation and interpreting, making it of interest to scholars in the discipline as well as those working along interdisciplinary lines in related fields such as philosophy, literature, and political science.

Download or read book Why Ethical Behaviour is Good for the Economy written by Morris Altman and published by Edward Elgar Publishing. This book was released on 2020-05-29 with total page 285 pages. Available in PDF, EPUB and Kindle. Book excerpt: This timely book offers a nuanced critique of the nudge narrative, and demonstrates why and how ethical behaviour can have significant positive economic and wellbeing outcomes. Morris Altman models a complex alternative to the expectations of ethical behaviour and shows how this behaviour can be consistent with competitive market economies, contrary to what conventional economic theory suggests.

Download or read book Essays in Behavioural Economics written by Guy Mayraz and published by . This book was released on 2009 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: