Understanding Economic Behaviour
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Understanding Economic Behaviour
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Author : Klaus Günter Grunert
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-12-06
Understanding Economic Behaviour written by Klaus Günter Grunert and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-12-06 with Business & Economics categories.
may be related to another basic assumption in economic psychology: that the human capacity to process information from the environment is limited, and that the kind of optimal use of that information postulated in many economic theories is therefore not possible. The research methods used are mainly geared towards empirical research, and there mostly towards survey research and experimentation. Experimentation involves most often simulated behaviour in a laboratory, which allows the experimental manipulation of possible causes of behaviour which would not be possible in real life. Survey research is the most widely used instrument for investigating real-world behaviour, with all its caveats about establishing causal explanations. Several introductory books (e. g. , Fumham & Lewis, 1986; Lea, Tarpy, & Webley, 1987; van Raaij, van Veldhoven, & Wlimeryd, 1988) and articles (e. g. , van Raaij, 1979; Wiswede, 1988) have appeared recently, which try to give an overview of the field of economic psychology, and which, in varying degrees, demonstrate the three foundations of economic psychology just mentioned. Others have concentrated on certain subtopics, such as the psychology of the labour market (e. g. , Baxter, 1988; Pelzmann, 1986).
Behavioural Economics Understanding Human Decision Making
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Author : Dr. T Umapathy
language : en
Publisher: Academic Guru Publishing House
Release Date : 2024-09-12
Behavioural Economics Understanding Human Decision Making written by Dr. T Umapathy and has been published by Academic Guru Publishing House this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-09-12 with Study Aids categories.
The book “Behavioural Economics: Understanding Human Decision-Making” is an exhaustive guide to the fundamental concepts and applications of behavioural economics, with the objective of bridging the divide between conventional economic models and realistic human behaviour. It investigates the ways in which cognitive biases, heuristics, and psychological factors influence economic decisions, thereby contradicting the assumption that individuals always behave rationally. By means of a methodical approach, the book provides readers with a clear awareness of how processes of decision-making are shaped by emotions, social conventions, and risk assessments. The book is divided into ten well thought-out chapters, each of which begins with an overview of the development of economic theory and then on to discuss important topics including social preferences, prospect theory, and temporal preferences. It explores thoroughly the cognitive processes behind basic consumer purchases as well as more difficult financial investments, therefore guiding daily decisions. In the subsequent chapters, the practical applications of behavioural economics in markets, organisations, and public policy are examined, with a particular emphasis on the role of behavioural insights in addressing societal issues. It also offers a comprehensive framework for the development and assessment of behavioural interventions, which encompasses the ethical implications of prompting strategies. The book concludes by exploring the future of behavioural economics, including the integration of technology, experimental methodologies, and emergent research areas. This book gives readers the skills and information they need to comprehend and use behavioural economics in a variety of settings, whether they are studying it for academic credit or working in the field.
Understanding Economic Development
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Author : Colin White
language : en
Publisher: Edward Elgar Publishing
Release Date : 2009
Understanding Economic Development written by Colin White and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009 with Business & Economics categories.
An invaluable survey of the literature on growth. Colin White argues persuasively and expertly that any attempt to solve the profound mystery of economic growth at the large scales of world history must move beyond the limited vision of neo-classical economic theory, and incorporate the narrative methods and perspectives of history as well. This is a superb overview and critique of contemporary attempts to explain economic growth, and a perceptive re-examination of the whole issue of growth in human history. David Christian, Macquarie University, Australia Colin White transcends a number of false dichotomies in this work. He shows that we need both theory and history in order to comprehend the transition to modern economic growth. He appreciates that this transition was neither inevitable as many theorists argue nor entirely contingent as historical treatments often suggest. He argues that advice to present-day less developed countries should combine a general understanding of the process of transition with detailed analysis of the history and conditions of the country in question. He appreciates that it makes sense to speak of an Industrial Revolution while also recognizing that this was a gradual process that in turn built upon even more gradual changes in earlier centuries in the British economy. Less obviously but importantly he realizes that we can best understand economic growth if we recognize the limitations of each scholarly approach in order to integrate the best of these. Rick Szostak, University of Alberta, Canada This fascinating book considers one of the most important problems in economics: the inception of modern economic development. There is at present no satisfactory explanation of the inception of modern economic development; an excessive focus on either pure theory or on unique histories limits the explanatory power. This book realises the need to integrate the two approaches, moving beyond the proximate causes of economic theory to review the role in an analytic narrative of significant ultimate causes geography, risk environments, human capital, and institutions. Colin White distils the conclusions of a vast literature, drawing from economics, economic history and business and management, exploring economic theory, demonstrating limitations and highlighting alternative approaches. Particular attention is paid to the appropriate role of innovative entrepreneurs and of government, and three case studies illustrate how to build an analytic narrative. Showing how far we can generalise about the determinants of economic development and in particular how to understand the specific determinants in individual countries, this book will prove a stimulating and thought provoking read to academics, students and researchers with an interest in economics and economic development.
The Economic Psychology Of Tax Behaviour
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Author : Erich Kirchler
language : en
Publisher: Cambridge University Press
Release Date : 2007-06-21
The Economic Psychology Of Tax Behaviour written by Erich Kirchler and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007-06-21 with Psychology categories.
Tax evasion is a complex phenomenon which is influenced not just by economic motives but by psychological factors as well. Economic-psychological research focuses on individual and social representations of taxation as well as decision-making. In this 2007 book, Erich Kirchler assembles research on tax compliance, with a focus on tax evasion, and integrates the findings into a model based on the interaction climate between tax authorities and taxpayers. The interaction climate is defined by citizens' trust in authorities and the power of authorities to control taxpayers effectively; depending on trust and power, either voluntary compliance, enforced compliance or no compliance are likely outcomes. Featuring chapters on the social representations of taxation, decision-making and self-employed income tax behaviour, this book will appeal to researchers in economic psychology, behavioural economics and public administration.
Understanding Economics
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Author : Vicky Allsopp
language : en
Publisher: Routledge
Release Date : 2006-10-19
Understanding Economics written by Vicky Allsopp and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006-10-19 with Business & Economics categories.
Understanding Economics presents an interesting and accessible introduction to key economic ideas. The book clearly shows the relevance of economics to everyday situations. Examples are drawn from the internal workings of households, business firms and non-profit organizations. The book is user friendly in both style and content and requires no prior knowledge of economics and minimal mathematics.
Understanding Economic Behaviour
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Author : Open University Worldwide
language : en
Publisher:
Release Date : 1999-01-31
Understanding Economic Behaviour written by Open University Worldwide and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999-01-31 with categories.
Understanding Economic Change
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Author : Ulrich Witt
language : en
Publisher: Cambridge University Press
Release Date : 2019
Understanding Economic Change written by Ulrich Witt and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019 with Business & Economics categories.
Shows how thinking in evolutionary terms enhances our understanding of the economic and social change taking place at all levels.
Routledge Handbook Of Behavioral Economics
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Author : Roger Frantz
language : en
Publisher: Routledge
Release Date : 2016-08-05
Routledge Handbook Of Behavioral Economics written by Roger Frantz and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-08-05 with Business & Economics categories.
There is no doubt that behavioral economics is becoming a dominant lens through which we think about economics. Behavioral economics is not a single school of thought but representative of a range of approaches, and uniquely, this volume presents an overview of them. The wide spectrum of international contributors each provides an exploration of a central approach, aspect or topic in behavorial economics. Taken together, the whole volume provides a comprehensive overview of the subject which considers both key developments and future possibilities. Part One presents several different approaches to behavioural economics, including George Katona, Ken Boulding, Harvey Leibenstein, Vernon Smith, Herbert Simon, Gerd Gigerenzer, Daniel Kahneman, and Richard Thaler. This section looks at the origins and development of behavioral economics and compares and contrasts the work of these scholars who have been so influential in making this area so prominent. Part Two presents applications of behavioural economics including nudging; heuristics; emotions and morality; behavioural political economy, education, and economic innovation. The Routledge Handbook of Behavioral Economics is ideal for advanced economics students and faculty who are looking for a complete state-of-the-art overview of this dynamic field.
Psychology Rationality And Economic Behaviour
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Author : B. Agarwal
language : en
Publisher: Springer
Release Date : 2005-08-03
Psychology Rationality And Economic Behaviour written by B. Agarwal and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005-08-03 with Business & Economics categories.
Economics has paid little attention to the psychology of economic behaviour, leading to somewhat simplistic assumptions about human nature. The psychological aspects have typically been reduced to standard utility theory, based on a narrow conception of rationality and self-interest maximization. The contributions in this volume, some focused on analytical models and methodology, others on laboratory and field experiments, challenge these assumptions, and provide novel and complex understandings of human motivation and economic decision-making. With a pioneering introduction by the book's two editors, this volume brings together exciting contributions to a field that is rapidly growing in influence and reach.
Economics As Moral Science
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Author : Bernard Hodgson
language : en
Publisher: Springer Science & Business Media
Release Date : 2013-04-17
Economics As Moral Science written by Bernard Hodgson and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-04-17 with Business & Economics categories.
Economics as Moral Science investigates the problem of the ethical neutrality of "mainstream" economic theory within the context of the methodology of economics as a science. Against the conventional wisdom, the author argues that there are serious moral presuppositions to the theory, but that economics could still count as a scientific or rational form of inquiry. The basic questions addressed - the ethical implications of economics, its status as a scientific mode of theory-construction, and the relation between these factors - are absolutely fundamental ones for an understanding of contemporary economics, the philosophy of the human sciences, and our current market culture. Moreover, the study provides a thorough philosophical analysis of the critical issues at stake from the inside, from the credible perspective of a particular, but foundational economic theory - the neoclassical theory of rational choice.