Mastering Management With Behavioral Economics
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Mastering Management With Behavioral Economics
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Author : Julia
language : en
Publisher: Sunshine
Release Date : 2023-12-02
Mastering Management With Behavioral Economics written by Julia and has been published by Sunshine this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-12-02 with categories.
Behavioral Economics is a fascinating field that combines insights from psychology and economics to understand and predict human behavior in decision-making processes. It delves into the intricacies of why people make certain choices, often deviating from traditional economic theories that assume individuals are consistently rational and always act in their best interest. This subchapter aims to provide an overview of Behavioral Economics, shedding light on its fundamental concepts and principles. Whether you are a student, a business professional, or simply curious about human behavior, understanding Behavioral Economics can offer valuable insights into how individuals and societies make decisions. At its core, Behavioral Economics recognizes that humans are prone to biases, cognitive limitations, and emotions that influence their choices. It challenges the traditional economic assumption that individuals always act rationally by exploring the various factors that impact decision-making, such as social influences, heuristics, and framing effects. By studying Behavioral Economics, you will gain a deeper understanding of why people often make seemingly irrational choices. For instance, why do we tend to overestimate our abilities? Why do we prefer avoiding losses rather than acquiring equivalent gains? These questions and more will be answered as we explore the fascinating world of behavioral economics. Throughout this subchapter, we will delve into key theories and experiments that have shaped the field of Behavioral Economics. We will explore concepts like prospect theory, which explains how people evaluate and make decisions under uncertainty, and the endowment effect, which describes our tendency to value objects we own more than identical objects that we do not own. Additionally, we will discuss the practical applications of Behavioral Economics in various domains, such as marketing, finance, and public policy. By understanding the underlying mechanisms that drive human behavior, you will be better equipped to design effective strategies, influence consumer choices, and drive positive change.
An Introduction To Behavioral Economics
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Author : Nick Wilkinson
language : en
Publisher: Bloomsbury Publishing
Release Date : 2017-12-16
An Introduction To Behavioral Economics written by Nick Wilkinson and has been published by Bloomsbury Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-12-16 with Business & Economics categories.
The third edition of this successful textbook is a comprehensive, rigorous survey of the major topics in the field of behavioral economics. Building on the strengths of the second edition, it offers an up-to-date and critical examination of the latest literature, research, developments and debates in the field. Offering an inter-disciplinary approach, the authors incorporate psychology, evolutionary biology and neuroscience into the discussions. And, ultimately, they consider what it means to be 'rational', why we so often indulge in 'irrational' and self-harming behavior, and also why 'irrational' behavior can sometimes serve us well. A perfect book for economics students studying behavioural economics at higher undergraduate level or Master's level. This new edition features: - Extended material on heuristics and biases, and new material on neuroeconomics and its applications - A wealth of new topical case studies, such as voting behavior in Brexit and the Trump election and the current obesity epidemic - More examples and review questions to help cement understanding
Mastering The Art And Science Of Management
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Author : Mahya Saberi
language : en
Publisher: Nobel Sciences
Release Date :
Mastering The Art And Science Of Management written by Mahya Saberi and has been published by Nobel Sciences this book supported file pdf, txt, epub, kindle and other format this book has been release on with Computers categories.
Applied Behavioral Economics Research And Trends
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Author : Ianole, Rodica
language : en
Publisher: IGI Global
Release Date : 2016-12-12
Applied Behavioral Economics Research And Trends written by Ianole, Rodica and has been published by IGI Global this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-12-12 with Business & Economics categories.
Interdisciplinary factors in the modern business realm have significant impacts on economic agents within organizations. These behavioral influences affect multiple decision-making processes on both the individual and organizational levels. Applied Behavioral Economics Research and Trends provides a comprehensive examination of the social, psychological, and emotional factors in organizational behavior and economic decision-making and how these issues provide a deeper understanding of various economic behaviors. Highlighting relevant coverage across a range of topics, such as consumer behavior, inter-temporal choices, and self-employment, this book is ideally designed for managers, researchers, professionals, graduate students, and practitioners seeking scholarly material on the implications of behavioral economics across numerous industries.
The Irrational Consumer
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Author : Enrico Trevisan
language : en
Publisher: Routledge
Release Date : 2016-03-09
The Irrational Consumer written by Enrico Trevisan and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-03-09 with Business & Economics categories.
Companies of all kinds have fallen into some of the most fundamental of traps when it comes to consumer marketing; in assuming that the motivation that drives their customers is entirely rational. Enrico Trevisan's The Irrational Consumer builds on the ground breaking works on behavioural economics of authors such as Daniel Kahneman and Richard Thaler in order to explain the fundamental drivers of customer decisions and how to incorporate these into your business strategy. Learn how consumers respond to different offer architectures and discounts; why they sometimes struggle to see the wood for the trees in a world of ever-increasing options; what are the rules of thumb they develop for making sense of value. Behavioural economics offers organizations perspectives for engaging with customers, whose views on what to buy are strongly driven by contextual factors, such as the framework and the dynamics of choices. Enrico Trevisan's The Irrational Consumer is your 'must-have' primer to this world.
Misbehaving The Making Of Behavioral Economics
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Author : Richard H. Thaler
language : en
Publisher: W. W. Norton & Company
Release Date : 2015-05-11
Misbehaving The Making Of Behavioral Economics written by Richard H. Thaler and has been published by W. W. Norton & Company this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-05-11 with Business & Economics categories.
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
How Behavioral Economics Influences Management Decision Making
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Author : Kelly Monahan
language : en
Publisher: Academic Press
Release Date : 2018-08-02
How Behavioral Economics Influences Management Decision Making written by Kelly Monahan and has been published by Academic Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-08-02 with Business & Economics categories.
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
Behavioral Economics Complete Self Assessment Guide
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Author : Gerardus Blokdyk
language : en
Publisher: Createspace Independent Publishing Platform
Release Date : 2017-05
Behavioral Economics Complete Self Assessment Guide written by Gerardus Blokdyk and has been published by Createspace Independent Publishing Platform this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-05 with categories.
Is Behavioral Economics currently on schedule according to the plan? Does Behavioral Economics create potential expectations in other areas that need to be recognized and considered? What about Behavioral Economics Analysis of results? Will team members perform Behavioral Economics work when assigned and in a timely fashion? Has the direction changed at all during the course of Behavioral Economics? If so, when did it change and why? Defining, designing, creating, and implementing a process to solve a business challenge or meet a business objective is the most valuable role... In EVERY company, organization and department. Unless you are talking a one-time, single-use project within a business, there should be a process. Whether that process is managed and implemented by humans, AI, or a combination of the two, it needs to be designed by someone with a complex enough perspective to ask the right questions. Someone capable of asking the right questions and step back and say, 'What are we really trying to accomplish here? And is there a different way to look at it?' For more than twenty years, The Art of Service's Self-Assessments empower people who can do just that - whether their title is marketer, entrepreneur, manager, salesperson, consultant, business process manager, executive assistant, IT Manager, CxO etc... - they are the people who rule the future. They are people who watch the process as it happens, and ask the right questions to make the process work better. This book is for managers, advisors, consultants, specialists, professionals and anyone interested in Behavioral Economics assessment. Featuring 372 new and updated case-based questions, organized into seven core areas of process design, this Self-Assessment will help you identify areas in which Behavioral Economics improvements can be made. In using the questions you will be better able to: - diagnose Behavioral Economics projects, initiatives, organizations, businesses and processes using accepted diagnostic standards and practices - implement evidence-based best practice strategies aligned with overall goals - integrate recent advances in Behavioral Economics and process design strategies into practice according to best practice guidelines Using a Self-Assessment tool known as the Behavioral Economics Index, you will develop a clear picture of which Behavioral Economics areas need attention. Included with your purchase of the book is the Behavioral Economics Self-Assessment downloadable resource, containing all questions and Self-Assessment areas of this book. This enables ease of (re-)use and enables you to import the questions in your preferred management tool. Access instructions can be found in the book. You are free to use the Self-Assessment contents in your presentations and materials for customers without asking us - we are here to help. This Self-Assessment has been approved by The Art of Service as part of a lifelong learning and Self-Assessment program and as a component of maintenance of certification. Optional other Self-Assessments are available. For more information, visit http://theartofservice.com
Behavioral Economics And Management
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Author :
language : en
Publisher:
Release Date : 2022
Behavioral Economics And Management written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022 with categories.
In this book, we discuss Behavioral economics as the modern approach to economics compared to classical economics. We talk about Psychology and human behavior affecting the field of Economics. We further discuss the various theories that come under this field, the Prospect theory, measurement principles, and heuristics and biases. Behavioral management is the modernized version of traditional management. We aim to further the understanding of individuals on these topics.
Behavioral Interactions Markets And Economic Dynamics
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Author : Shinsuke Ikeda
language : en
Publisher: Springer
Release Date : 2015-09-12
Behavioral Interactions Markets And Economic Dynamics written by Shinsuke Ikeda and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-09-12 with Business & Economics categories.
This book collects important contributions in behavioral economics and related topics, mainly by Japanese researchers, to provide new perspectives for the future development of economics and behavioral economics. The volume focuses especially on economic studies that examine interactions of multiple agents and/or market phenomena by using behavioral economics models. Reflecting the diverse fields of the editors, the book captures broad influences of behavioral economics on various topics in economics. Those subjects include parental altruism, economic growth and development, the relative and permanent income hypotheses, wealth distribution, asset price bubbles, auctions, search, contracts, personnel management and market efficiency and anomalies in financial markets. The chapter authors have added newly written addenda to the original articles in which they address their own subsequent works, supplementary analyses, detailed information on the underlying data and/or recent literature surveys. This will help readers to further understand recent developments in behavioral economics and related research.
