Hayek And Behavioral Economics
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Hayek And Behavioral Economics
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Author : R. Frantz
language : en
Publisher: Springer
Release Date : 2013-01-31
Hayek And Behavioral Economics written by R. Frantz and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-01-31 with Business & Economics categories.
An exploration of Friedrich Hayek's contribution to the foundation of behavioural economics, and how his work interacted with and complemented that of his contemporaries. Chapters include detailed discussions of the concept of rationality, psychology and Hayek's philosophical theories as well as the historical context in which he lived and worked.
The Beginnings Of Behavioral Economics
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Author : Roger Frantz
language : en
Publisher: Academic Press
Release Date : 2019-10-05
The Beginnings Of Behavioral Economics written by Roger Frantz and has been published by Academic Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-10-05 with Business & Economics categories.
The Beginnings of Behavioral Economics: Katona, Simon, and Leibenstein's X-Efficiency Theory explores the mid-20th century roots of behavioral economics, placing the origin of this now-dominant approach to economic theory many years before the groundbreaking 1979 work on prospect theory by Daniel Kahneman and Amos Tversky. It discusses the work of Harvey Leibenstein, Herbert Simon, George Katona, and Frederick Hayek, reintroducing their contributions as founding pillars of the behavioral approach. It concentrates on the work of Leibenstein, reviewing his nuanced introduction of X-efficiency theory. Building from these foundations, the work explores the body of empirical research on market power and firm behavior – XE relationship. This book is a tremendous resource for graduate students and early career researchers in behavioral economics, experimental economics, organizational economics, social and organizational psychology, labor market economics and public policy. Reviews the powerful, but neglected contributions of mid-20th century scholars, like Leibenstein and Katona in building the roots of behavioral economic theory Amalgamates and reviews 50 years of empirical research and over 200 empirical papers on X-efficiency theory Establishes how X-efficiency can aid modern behavioral economics in further developing firm theory and understanding efficiency wages
Evolving Norms
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Author : Shinji Teraji
language : en
Publisher: Springer
Release Date : 2016-06-07
Evolving Norms written by Shinji Teraji and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-06-07 with Business & Economics categories.
This book presents institutional evolution and individual choice as codependent results of behavioral patterns. Drawing on F.A. Hayek's concepts of cognition and cultural evolution, Teraji demonstrates how the relationship between the sensory and social orders can allow economists to track social norms and their effects on the global economy. He redirects attention from the conventional focus on what an individual chooses to the changing social order that determines how an individual chooses. Cultural shifts provide the environmental feedback that challenges the mental models governing individual choice, creating a cycle of coevolution. Teraji develops a general framework from which to examine this symbiotic relationship in order to identify predictive patterns. Not just for behavioral economists, this book will also appeal to those who specialize in institutional economics, the philosophy of economics, and economic sociology.
Minds Models And Milieux
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Author : Roger Frantz
language : en
Publisher: Springer
Release Date : 2016-04-08
Minds Models And Milieux written by Roger Frantz and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-04-08 with Business & Economics categories.
This book is a collection of specially-commissioned chapters from philosophers, economists, political and behavioral economists, cognitive and organizational psychologists, computer scientists, sociologists and permutations thereof as befits the polymathic subject of this book: Herbert Simon. The tripartite of the title, Minds, Models and Milieux, connotes the three inextricably linked areas to which Herbert Simon made the most distinguished of contributions. 'Minds' connotes Simon's abiding interest in theorizing human behavior, rationality, and decision-making; 'Models' connotes his extensive computer simulation work in the service of his interest in understanding minds, but also in the service of minds that are situated in a complex social 'Milieux'. This collection while intended to commemorate the centenary of Simon's birth simultaneously offers a timely reassessment of some of his central insights and illustrates the exponentially growing interest in Simon's work from beyond the usual disciplines and constituencies.
Hayek A Collaborative Biography
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Author : R. Leeson
language : en
Publisher: Springer
Release Date : 2013-05-12
Hayek A Collaborative Biography written by R. Leeson and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-05-12 with Business & Economics categories.
This is the first collaborative biography of Hayek. Some of the world's most distinguished scholars will integrate the archival evidence with Hayek's published writings to illuminate the process by which Hayek changed the direction of world history.
The Social Science Of Hayek S The Sensory Order
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Author : William N. Butos
language : en
Publisher: Emerald Group Publishing
Release Date : 2010-03-04
The Social Science Of Hayek S The Sensory Order written by William N. Butos and has been published by Emerald Group Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-03-04 with Business & Economics categories.
Examines the relevance and significance of Hayek's cognitive psychology for economics and social science.
Real World Decision Making
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Author : Morris Altman
language : en
Publisher: Bloomsbury Publishing USA
Release Date : 2015-06-23
Real World Decision Making written by Morris Altman and has been published by Bloomsbury Publishing USA this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-06-23 with Business & Economics categories.
The first and only encyclopedia to focus on the economic and financial behaviors of consumers, investors, and organizations, including an exploration of how people make good—and bad—economic decisions. Traditional economic theories speculate how and when people should spend money. But consumers don't always behave as expected and often adopt strategies that might appear unorthodox yet are, at times, more effective than the rule prescribed by conventional wisdom. This groundbreaking text examines the ways in which people make financial decisions, whether it is because they are smart but atypical in their choices ... or just irrational decision makers. A leading authority on behavioral economics, Morris Altman and more than 150 expert contributors delve into key concepts in behavioral economics, economic psychology, behavioral finance, neuroeconomics, experimental economics, and institutional economics to help inform economic models based on reality, not theory. Through 250 informative entries, the book explores various aspects of the subject including decision making, economic analysis, and public policy. In addition to introducing concepts to readers new to the subject, the book sheds light on more advanced financial topics in a manner that is objective, comprehensive, and accessible.
The Cognitive Basis Of Institutions
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Author : Shinji Teraji
language : en
Publisher: Academic Press
Release Date : 2018-02-16
The Cognitive Basis Of Institutions written by Shinji Teraji and has been published by Academic Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-02-16 with Business & Economics categories.
The Cognitive Basis of Institutions: A Synthesis of Behavioral and Institutional Economics synthesizes modern research in behavioral economics with traditional institutional economics. This work emphasizes that institution and agent are inextricably linked, and that both cognitive and institutional processes coalesce to influence human decision-making. It integrates cognition and institution through the behavioral economics theoretical lens of bounded rationality. Methodologically, it develops game-theoretical, complexity and neuroeconomic solutions to unite study of the two areas. The work concludes by proposing general implications for the economic study of decisions using the cognitive-institutional approach, also providing specific recommendations for public policy. Reveals how institutional structures and individual actions interact and coevolve cognitively Connects individual decision-making, decision-making processes and institutional formation Unites our understanding of cooperative ‘prosocial’ behavior with the institutional dynamics that may create it Discusses the implications of the behavioral-institutional paradigm for paternalism and libertarianism in public policy
Hayek S Political Theory Epistemology And Economics
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Author : Jeffrey Friedman
language : en
Publisher: Routledge
Release Date : 2016-04-14
Hayek S Political Theory Epistemology And Economics written by Jeffrey Friedman and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-04-14 with Business & Economics categories.
Hayek thought that all economic behavior (and by implication other human behavior) is based on fallible interpretations of what information is important and of its implications for the future. This epistemological idea animated not only his heterodox economic thought, but his ideal of the rule of law; his road-to-serfdom thesis; and his critique of the notion of social justice. However, the epistemological idea is a protean one that Hayek did not always handle carefully. This volume presents one of the most sophisticated critical reflections on Hayek ever assembled between two covers. This book was originally published as a special issue of Critical Review.
F A Hayek As A Political Economist
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Author : Thierry Aimar
language : en
Publisher: Routledge
Release Date : 2013-02-01
F A Hayek As A Political Economist written by Thierry Aimar and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-02-01 with Business & Economics categories.
Whilst some of Hayek's contributions to economics are purely analytical, others are inspired by a broader vision that could be characterized as political economy. In this authorative volume, some of the world's leading Hayek scholars examine the link between these two essential components of Hayek's thought, and consider them against a wider background of thought in the Austrian tradition.