Download or read book Behavioral Economics Exploring the Influence of Psychological Factors and Human Behavior on Economic Decision Making written by Gregg B. Flores and published by Laurentiu-Marian Ene. This book was released on 2024-10-24 with total page 126 pages. Available in PDF, EPUB and Kindle. Book excerpt: Behavioral Economics: Behavioral economics is an interdisciplinary field that merges insights from psychology and economics to understand how psychological factors and human behavior influence economic decisions. Unlike traditional economic theory, which assumes that individuals are rational actors who make decisions based on maximizing utility, behavioral economics recognizes that human behavior is often irrational and influenced by cognitive biases, emotions, social norms, and other psychological factors. One of the key areas of study in behavioral economics is understanding the various cognitive biases that affect decision-making. These biases, such as loss aversion, anchoring, and confirmation bias, can lead individuals to make suboptimal choices that deviate from rational economic behavior. Behavioral economists examine how these biases manifest in different contexts, such as consumer choices, investment decisions, and policy preferences, and explore strategies to mitigate their impact. Moreover, behavioral economics investigates the role of emotions and social influences in shaping economic behavior. Emotions, such as fear, greed, and altruism, can significantly impact decision-making processes and outcomes. Social norms, cultural influences, and peer pressure also play a crucial role in shaping individual preferences and choices. Behavioral economists analyze how these psychological factors interact with economic incentives and constraints to influence behavior and decision-making. Furthermore, behavioral economics explores the concept of bounded rationality, which suggests that individuals have limited cognitive resources and processing capacities. Instead of making decisions based on exhaustive analysis and optimization, individuals often rely on heuristics, or mental shortcuts, to simplify complex decision-making tasks. Behavioral economists study how these heuristics affect decision-making quality and explore ways to design decision environments that nudge individuals towards better choices. Another important aspect of behavioral economics is understanding the implications of behavioral insights for public policy and market interventions. Behavioral economists advocate for the use of choice architecture, or the design of decision environments, to steer individuals towards decisions that align with their long-term interests and societal goals. This includes strategies such as default options, pre-commitment devices, and incentives that leverage behavioral insights to promote desirable behaviors, such as saving for retirement, conserving energy, or adopting healthy lifestyles. Moreover, behavioral economics examines how psychological factors influence market outcomes and economic outcomes at the macro level. It investigates phenomena such as market bubbles, herding behavior, and financial crises, which are often driven by collective irrationality and speculative behavior. By understanding the psychological underpinnings of these phenomena, policymakers and regulators can develop more effective measures to promote market stability and mitigate systemic risks. In conclusion, behavioral economics offers a nuanced understanding of economic decision-making by integrating insights from psychology, neuroscience, and economics. By studying cognitive biases, emotional influences, bounded rationality, and social dynamics, behavioral economists shed light on the complexities of human behavior and decision-making. Their research has profound implications for individual well-being, public policy, and market dynamics, offering valuable tools for addressing real-world challenges and promoting more informed and effective decision-making in society.
Download or read book Education Income and Human Behavior written by Francis T. Juster and published by . This book was released on 1974 with total page 466 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book U S Health in International Perspective written by National Research Council and published by National Academies Press. This book was released on 2013-04-12 with total page 421 pages. Available in PDF, EPUB and Kindle. Book excerpt: The United States is among the wealthiest nations in the world, but it is far from the healthiest. Although life expectancy and survival rates in the United States have improved dramatically over the past century, Americans live shorter lives and experience more injuries and illnesses than people in other high-income countries. The U.S. health disadvantage cannot be attributed solely to the adverse health status of racial or ethnic minorities or poor people: even highly advantaged Americans are in worse health than their counterparts in other, "peer" countries. In light of the new and growing evidence about the U.S. health disadvantage, the National Institutes of Health asked the National Research Council (NRC) and the Institute of Medicine (IOM) to convene a panel of experts to study the issue. The Panel on Understanding Cross-National Health Differences Among High-Income Countries examined whether the U.S. health disadvantage exists across the life span, considered potential explanations, and assessed the larger implications of the findings. U.S. Health in International Perspective presents detailed evidence on the issue, explores the possible explanations for the shorter and less healthy lives of Americans than those of people in comparable countries, and recommends actions by both government and nongovernment agencies and organizations to address the U.S. health disadvantage.
Download or read book Michigan Journal of Economics written by and published by UM Libraries. This book was released on 1980 with total page 370 pages. Available in PDF, EPUB and Kindle. Book excerpt:
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 The Economic Approach to Human Behavior written by Gary S. Becker and published by University of Chicago Press. This book was released on 2013-02-06 with total page 321 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since his pioneering application of economic analysis to racial discrimination, Gary S. Becker has shown that an economic approach can provide a unified framework for understanding all human behavior. In a highly readable selection of essays Becker applies this approach to various aspects of human activity, including social interactions; crime and punishment; marriage, fertility, and the family; and "irrational" behavior. "Becker's highly regarded work in economics is most notable in the imaginative application of 'the economic approach' to a surprising breadth of human activity. Becker's essays over the years have inevitably inspired a surge of research activity in testimony to the richness of his insights into human activities lying 'outside' the traditionally conceived economic markets. Perhaps no economist in our time has contributed more to expanding the area of interest to economists than Becker, and a number of these thought-provoking essays are collected in this book."—Choice Gary Becker was awarded the Nobel Prize in Economic Science in 1992.
Download or read book How Behavioral Economics Influences Management Decision Making written by Kelly Monahan and published by Academic Press. This book was released on 2018-07-20 with total page 279 pages. Available in PDF, EPUB and Kindle. Book excerpt: How Behavioral Economics Influences Management Decision-Making: A New Paradigm critically reexamines the management function in 21st century workplaces. The book seeks to examine and explain the real-world behaviors of employees and acknowledge the human nature that binds us all together and how to appeal to these characteristics in order to help organizations prosper. It explores well-observed but rarely understood features of employee cognition and irrationality, challenging the dominant discourse and offering an alternative to gain greater competitive advantage in today's complex markets. It also provides an effective new framework on the best ways to develop relevant management skills as they pertain to hiring, performance management, change management, employee engagement, and goal setting. As the knowledge economy continues to grow, the social bonds within companies will prove to be a key differentiation to deliver on the next big idea. Developing productive decisions with staff in the talent-driven global economy increasingly requires the development of "intrinsic" meaning in work, a human-centered work-place culture, and human-focused working practices. This book tackles these topics in comprehensive and efficient detail. - Provides a framework to simply and effectively apply behavioral principles in organizations of any size - Focuses on agent motivations and behavior and how they directly impact talent management in the knowledge economy - Highlights empirical studies, detailing the impact of heuristics on hiring, performance management, change management, employee engagement, and goal-setting decisions
Download or read book International Encyclopedia of Human Geography written by and published by Elsevier. This book was released on 2019-11-29 with total page 7278 pages. Available in PDF, EPUB and Kindle. Book excerpt: International Encyclopedia of Human Geography, Second Edition, Fourteen Volume Set embraces diversity by design and captures the ways in which humans share places and view differences based on gender, race, nationality, location and other factors—in other words, the things that make people and places different. Questions of, for example, politics, economics, race relations and migration are introduced and discussed through a geographical lens. This updated edition will assist readers in their research by providing factual information, historical perspectives, theoretical approaches, reviews of literature, and provocative topical discussions that will stimulate creative thinking. Presents the most up-to-date and comprehensive coverage on the topic of human geography Contains extensive scope and depth of coverage Emphasizes how geographers interact with, understand and contribute to problem-solving in the contemporary world Places an emphasis on how geography is relevant in a social and interdisciplinary context
Download or read book Understanding Diversity in Human Behavior and Development in the Social Environment written by Marquitta S. Dorsey, PhD, MSW, MBA and published by Springer Publishing Company. This book was released on 2024-11-15 with total page 471 pages. Available in PDF, EPUB and Kindle. Book excerpt: Explore diverse dimensions of human behavior and development with this essential textbook, designed specifically for social work students and practitioners. This textbook is an invaluable resource for social work students and new practitioners, offering a comprehensive exploration of human behavior and development within the social environment. Practical guidance is provided through the application of various social work lenses and approaches. The book meticulously covers each stage of development, from in-utero and prenatal through to late adulthood and end of life, offering real-world case studies to contextualize developmental content and exploring a range of perspectives in the podcast discussions. Chapter authors, most of whom are actively engaged in clinical practice, provide unique insights into how various environments impact developmental stages. Practical exercises and guidance are designed to promote effective social work practice, ensuring students gain hands-on experience. Expect to benefit from diverse viewpoints and distinctive communication styles that make the content accessible and engaging for readers from various backgrounds and learning patterns. The textbook also includes developmental considerations for social work practice, along with a variety of tools and resources to support student learning outcomes for each chapter. By incorporating multiple perspectives and expert knowledge, this textbook offers a multifaceted approach to understanding human development, equipping students with the skills and knowledge needed to succeed in dynamic social work environments. Key Features: Experience a textbook that gives voice to traditionally marginalized groups, preparing students for inclusive and effective social work practice. A clear competency-based focus on diversity and social justice that aligns with the Council on Social Work Education’s Educational Policy and Accreditation Standards (EPAS). Benefit from the insights of diverse chapter authors who bring a wealth of clinical expertise and a variety of lived experiences, fostering a broader understanding of development. Enhance knowledge with a range of pedagogical elements, including case studies, discussion questions, and podcasts, catering to both auditory and visual learners. Instructors will also have access to an Instructor Manual utilizing chapter highlights, micro lectures, critical discussion questions, and in-class activities; chapter PowerPoints; and a Sample Syllabus with a suggested course schedule.
Download or read book Proceedings of the 2022 International Conference on Economics Smart Finance and Contemporary Trade ESFCT 2022 written by Faruk Balli and published by Springer Nature. This book was released on 2022-12-28 with total page 1691 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is an open access book. As a leading role in the global megatrend of scientific innovation, China has been creating a more and more open environment for scientific innovation, increasing the depth and breadth of academic cooperation, and building a community of innovation that benefits all. Such endeavors are making new contributions to the globalization and creating a community of shared future. To adapt to this changing world and China's fast development in the new era, The 2022 International Conference on Economics, Smart Finance and Contemporary Trade to be held in July 2022. This conference takes "bringing together global wisdom in scientific innovation to promote high-quality development" as the theme and focuses on cutting-edge research fields including Economics, Smart Finance and Contemporary Trade. This conference aims to boost development of the Greater Bay Area, expand channels of international academic exchange in science and technology, build a sharing platform of academic resources, promote scientific innovation on the global scale, strengthen academic cooperation between China and the outside world, enhance development of new energy and materials and IT, AI, and biomedicine industries. It also aims to encourage exchange of information on frontiers of research in different areas, connect the most advanced academic resources in China and the world, turn research results into industrial solutions, and bring together talents, technologies and capital to boost development.
Download or read book The Theory of Economic Personality written by Taner Güney and published by Cambridge Scholars Publishing. This book was released on 2023-12-19 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt: Do individuals have an economic personality? Is there a model for real-life human economic behavior? Can real-life economic behaviors be predicted? This book identifies the theory of economic personality. Economic personality leads an individual to exhibit predictable behaviors without the need to be rational in cases of uncertainty. So, this book argues that the individual is not rational; what is rational, however, is the systematic repetition of behaviors dictated by people's economic personalities.
Download or read book Noncognitive Skills and Their Influencing Factors for Children written by Jinyan Zhou and published by Routledge. This book was released on 2021-12-19 with total page 92 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Non-cognitive skills" are often used to refers to those skills that do not fall within the cognitive category but to describe a stable pattern of thought, feeling, and behavior in different situations and backgrounds with profitable and investable characteristics, such as conscientiousness, perseverance, and teamwork, which are critically important in education. However, for many years, "non-cognitive skills" have always been ignored in human capital theory. The book, using a multidisciplinary approach, tries to uncover the noncognitive components of human capital, so as to answer the question "what is the skill that should be invested in?" The author expands the connotations of human capital by exploring the value of noncognitive skills and their production patterns, constructing a measurement framework and a set of tools to measure noncognitive skills. She especially carries out an empirical survey which covers primary and secondary school students from seven provinces of China’s east, middle, and west areas. With the data collected, she analyzes Chinese students’ noncognitive development and further identifies the critical factors that may impact their noncognitive skills by applying the Bayesian Model Average approach. The book will be a theoretical contribution to education economics. Researchers interested in education in China, children’s development, and policymakers in the field of education will find this book helpful and resourceful.
Download or read book Encyclopedia of Human Behavior written by and published by Academic Press. This book was released on 2012-01-31 with total page 2475 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Encyclopedia of Human Behavior, Second Edition, Three Voluime Set is an award-winning three-volume reference on human action and reaction, and the thoughts, feelings, and physiological functions behind those actions. Presented alphabetically by title, 300 articles probe both enduring and exciting new topics in physiological psychology, perception, personality, abnormal and clinical psychology, cognition and learning, social psychology, developmental psychology, language, and applied contexts. Written by leading scientists in these disciplines, every article has been peer-reviewed to establish clarity, accuracy, and comprehensiveness. The most comprehensive reference source to provide both depth and breadth to the study of human behavior, the encyclopedia will again be a much-used reference source. This set appeals to public, corporate, university and college libraries, libraries in two-year colleges, and some secondary schools. Carefully crafted, well written, and thoroughly indexed, the encyclopedia helps users—whether they are students just beginning formal study of the broad field or specialists in a branch of psychology—understand the field and how and why humans behave as we do. Named a 2013 Outstanding Academic Title by the American Library Association's Choice publication Concise entries (ten pages on average) provide foundational knowledge of the field Each article features suggested further readings, a list of related websites, a 5-10 word glossary and a definition paragraph, and cross-references to related articles in the encyclopedi Newly expanded editorial board and a host of international contributors from the United States, Australia, Belgium, Canada, France, Germany, Ireland, Israel, Japan, Sweden, and the United Kingdom
Download or read book Rethinking Management written by Neil Douglas and published by Springer. This book was released on 2017-01-23 with total page 285 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book challenges the roots and elements of the existing dominant paradigm of management, which can legitimize artless practices and result in dysfunction, and proposes an alternative based on a different understanding of human nature and social and economic life. This paradigm is designed to bring about the conception of organizations as wholes rather than assemblies of disembodied fragments, with managers as facilitators of the work of others and shapers of culture, with a clear sense of purpose and a moral compass. Such a paradigm would result in a practice of management that is more competent, more purposeful, and more ethical, based on a more accurate and complete comprehension of reality. This book sets forth a more optimistic understanding of human nature and collective life, and the hope that we can be and do better. It is a major contribution to the field of management and will benefit academics, managers, and consultants working in the fields of organizational development and strategic change.
Download or read book Catalog written by Food and Nutrition Information Center (U.S.) and published by . This book was released on 1974 with total page 378 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The ABCs of Human Behavior written by Jonas Ramnerö and published by New Harbinger Publications. This book was released on 2008 with total page 228 pages. Available in PDF, EPUB and Kindle. Book excerpt: The ABCs of Human Behavior the first book to present modern behavioral psychology to practicing clinicians. The book focuses both on the classical principles of learning, as well as the more recent developments that help explain language and cognition.
Download or read book Dimensions of Human Behavior written by Elizabeth D. Hutchison and published by SAGE Publications. This book was released on 2018-09-05 with total page 537 pages. Available in PDF, EPUB and Kindle. Book excerpt: Dimensions of Human Behavior: The Changing Life Course presents a current and comprehensive examination of human behavior across time using a multidimensional framework. Author Elizabeth D. Hutchison explores both the predictable and unpredictable changes that can affect human behavior through all the major developmental stages of the life course, from conception to very late adulthood. Aligned with the 2015 curriculum guidelines set forth by the Council on Social Work Education (CSWE), the Sixth Edition has been substantially updated with contemporary issues related to gender and sexuality, race and ethnicity, and social class and disability across the lifespan.
