Understanding Human Decision Making In Economic Models
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Understanding Human Decision Making In Economic Models
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Author : Gaol, Ford Lumban
language : en
Publisher: IGI Global
Release Date : 2025-05-08
Understanding Human Decision Making In Economic Models written by Gaol, Ford Lumban and has been published by IGI Global this book supported file pdf, txt, epub, kindle and other format this book has been release on 2025-05-08 with Business & Economics categories.
As artificial intelligence (AI), big data, and automation increasingly shape economic systems, understanding human decision-making within these models becomes critically important. The integration of intelligent technologies is not only transforming traditional sectors like finance, transportation, and hospitality, but also redefining how individuals interact with markets and make economic choices. Insights into behavioral responses, algorithmic influence, and the psychological underpinnings of decisions are essential to navigate this evolving landscape. Understanding Human Decision-Making in Economic Models explores how emerging technologies like AI and big data are reshaping economic models by influencing human decision-making. It offers insights into behavioral economics, intelligent systems, and policy responses needed to navigate the disruptions of a rapidly evolving digital economy. Covering topics such as financial markets, personnel management, and industrial production, this book is an excellent resource for academicians, economists, data scientists, policy makers, business strategists, researchers, graduate students, and more.
Smart Economic Decision Making In A Complex World
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Author : Morris Altman
language : en
Publisher: Academic Press
Release Date : 2020-05-22
Smart Economic Decision Making In A Complex World written by Morris Altman and has been published by Academic Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-05-22 with Business & Economics categories.
Smart Economic Decision-Making in a Complex World is a fresh and reality-based perspective on decision-making with significant implications for analysis, self-understanding and policy. The book examines the conditions under which smart people generate outcomes that improve their place of work, their household and society. Within this work, the curious reader will find interesting open questions on many fascinating areas of current economic debate, including, the role of realistic assumptions robust model building, understanding how and when non-neoclassical behavior is best practice, why the assumption of smart decision-makers is best to understand and explain our economies and societies, and under what conditions individuals can make the best possible choices for themselves and society at large. Additional sections cover when and how efficiency is achieved, why inefficiencies can persist, when and how consumer welfare is maximized, and what benchmarks should be used to determine efficiency and rationality. - Makes the case for 'smart and rational' decision-making as a context-dependent rational process that is framed by socio-cultural environment and conditioned by institutional capacities - Explains how incorporation of the 'smart' decision-maker concept into economic thought improves our understanding of how, why and when people generate certain outcomes - Explores how economic efficiency can be achieved, individual preferences realized, and social welfare maximized through the use of 'smart and rational' approaches
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.
The Paradox Of Choice
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Author : Barry Schwartz
language : en
Publisher: Harper Collins
Release Date : 2009-10-13
The Paradox Of Choice written by Barry Schwartz and has been published by Harper Collins this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-10-13 with Psychology categories.
Whether we're buying a pair of jeans, ordering a cup of coffee, selecting a long-distance carrier, applying to college, choosing a doctor, or setting up a 401(k), everyday decisions—both big and small—have become increasingly complex due to the overwhelming abundance of choice with which we are presented. As Americans, we assume that more choice means better options and greater satisfaction. But beware of excessive choice: choice overload can make you question the decisions you make before you even make them, it can set you up for unrealistically high expectations, and it can make you blame yourself for any and all failures. In the long run, this can lead to decision-making paralysis, anxiety, and perpetual stress. And, in a culture that tells us that there is no excuse for falling short of perfection when your options are limitless, too much choice can lead to clinical depression. In The Paradox of Choice, Barry Schwartz explains at what point choice—the hallmark of individual freedom and self-determination that we so cherish—becomes detrimental to our psychological and emotional well-being. In accessible, engaging, and anecdotal prose, Schwartz shows how the dramatic explosion in choice—from the mundane to the profound challenges of balancing career, family, and individual needs—has paradoxically become a problem instead of a solution. Schwartz also shows how our obsession with choice encourages us to seek that which makes us feel worse. By synthesizing current research in the social sciences, Schwartz makes the counter intuitive case that eliminating choices can greatly reduce the stress, anxiety, and busyness of our lives. He offers eleven practical steps on how to limit choices to a manageable number, have the discipline to focus on those that are important and ignore the rest, and ultimately derive greater satisfaction from the choices you have to make.
Handbook Of Human Factors And Ergonomics
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Author : Gavriel Salvendy
language : en
Publisher: John Wiley & Sons
Release Date : 2012-05-24
Handbook Of Human Factors And Ergonomics written by Gavriel Salvendy and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-05-24 with Technology & Engineering categories.
The fourth edition of the Handbook of Human Factors and Ergonomics has been completely revised and updated. This includes all existing third edition chapters plus new chapters written to cover new areas. These include the following subjects: Managing low-back disorder risk in the workplace Online interactivity Neuroergonomics Office ergonomics Social networking HF&E in motor vehicle transportation User requirements Human factors and ergonomics in aviation Human factors in ambient intelligent environments As with the earlier editions, the main purpose of this handbook is to serve the needs of the human factors and ergonomics researchers, practitioners, and graduate students. Each chapter has a strong theory and scientific base, but is heavily focused on real world applications. As such, a significant number of case studies, examples, figures, and tables are included to aid in the understanding and application of the material covered.
Behavioral Economics And Smart Decision Making
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Author : Ankal Ahluwalia
language : en
Publisher: Educohack Press
Release Date : 2025-01-03
Behavioral Economics And Smart Decision Making written by Ankal Ahluwalia and has been published by Educohack Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2025-01-03 with Business & Economics categories.
The illustrations in this book are created by “Team Educohack”. "Behavioral Economics and Smart Decision-Making" explores the modern approach to economics, emphasizing the impact of psychology and human behavior. We delve into various theories within this field, including Prospect Theory, measurement principles, and heuristics and biases. Our book also discusses how behavioral management modernizes traditional management practices. Designed to enhance understanding, this book is an essential resource for anyone interested in the intersection of economics and psychology.
Beautiful Game Theory
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Author : Ignacio Palacios-Huerta
language : en
Publisher: Princeton University Press
Release Date : 2016-04-19
Beautiful Game Theory written by Ignacio Palacios-Huerta and has been published by Princeton University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-04-19 with Business & Economics categories.
The first book to use the world's most popular sport to test economic theories and document novel human behavior A wealth of research in recent decades has seen the economic approach to human behavior extended over many areas previously considered to belong to sociology, political science, law, and other fields. Research has also shown that economics can provide insight into many aspects of sports, including soccer. Beautiful Game Theory is the first book that uses soccer to test economic theories and document novel human behavior. In this brilliant and entertaining book, Ignacio Palacios-Huerta illuminates economics through the world's most popular sport. He offers unique and often startling insights into game theory and microeconomics, covering topics such as mixed strategies, discrimination, incentives, and human preferences. He also looks at finance, experimental economics, behavioral economics, and neuroeconomics. Soccer provides rich data sets and environments that shed light on universal economic principles in interesting and useful ways. Essential reading for students, researchers, and sports enthusiasts, Beautiful Game Theory is the first book to show what soccer can do for economics.
Changing Behaviours
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Author : Rhys Jones
language : en
Publisher: Edward Elgar Publishing
Release Date : 2013-01-01
Changing Behaviours written by Rhys Jones 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 2013-01-01 with Political Science categories.
ÔThis groundbreaking book provides a meticulously-researched history of the rise of a new state that aims to govern people by changing their behaviour through influencing (or at least claiming to influence) their psyche. With examples from finance, transport, health and environment, it also illustrates the struggles of citizens who fight against this new agenda of government. The book shows how deeply the psyche has become a different site of power and hence a different object of knowledge over the last two or three decades.Õ Ð Engin Isin, the Open University, UK Changing Behaviours charts the emergence of the behaviour change agenda in UK based public policy making since the late 1990s. By tracing the influence of the behavioural sciences on Whitehall policy makers, the authors explore a new psychological orthodoxy in the practices of governing. Drawing on original empirical material, chapters examine the impact of behaviour change policies in the fields of health, personal finance and the environment. This topical and insightful book analyses how the nature of the human subject itself is re-imagined through behaviour change, and develops an analytical framework for evaluating the ethics, efficacy and potential empowerment of behaviour change. This unique book will be of interest to advanced undergraduates, postgraduates and academics in a range of different disciplines. In particular, its inter-disciplinary focus on key themes in the social sciences Ð the state, citizenship, the meaning and scope of government Ð will make it essential reading for students of political science, sociology, anthropology, geography, policy studies and public administration. In addition, the bookÕs focus on the practical use of psychological and behavioural insights by politicians and policy makers should lead to considerable interest in psychology and behavioural economics.
Principles Of Thought
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Author : Xena Mindhurst
language : en
Publisher: Publifye AS
Release Date : 2024-11-22
Principles Of Thought written by Xena Mindhurst and has been published by Publifye AS this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-11-22 with Psychology categories.
""Principles of Thought"" presents a comprehensive exploration of human cognition and decision-making patterns, skillfully bridging theoretical understanding with practical applications. The book uniquely integrates cognitive science research from the 1950s to present-day findings, revealing how our thought patterns follow identifiable structures that can be consciously modified for better decision-making and problem-solving capabilities. The work progresses through three interconnected sections, beginning with an examination of thought architecture and neural pathway formation. It then delves into decision-making frameworks, combining classical philosophical models with modern psychological research. The final section translates these insights into practical methods for cognitive enhancement, making complex concepts accessible through real-world examples and clear explanations. The book's approach is particularly distinctive in how it connects cognitive science with evolutionary biology and artificial intelligence, demonstrating how thought patterns evolved as survival mechanisms. What makes this book especially valuable is its balanced treatment of both theoretical foundations and practical applications, making it relevant for professionals, students, and anyone interested in understanding and optimizing their cognitive processes. By incorporating philosophical frameworks while maintaining accessibility, it offers concrete tools for improving decision-making, modifying ineffective thought patterns, and enhancing problem-solving capabilities. The content addresses ongoing debates about cognitive bias and consciousness while remaining firmly grounded in verified methodologies and empirical research.
Political And Economic Thought For A Humane Society
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Author : Dr.S. Sendil Kumar
language : en
Publisher: RK Publication
Release Date : 2024-05-09
Political And Economic Thought For A Humane Society written by Dr.S. Sendil Kumar and has been published by RK Publication this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-05-09 with Political Science categories.
Political and Economic Thought for a Humane Society the intersection of politics, economics, and ethics to envision a world rooted in justice, equity, and human dignity. The philosophical traditions, modern theories, and practical strategies to address pressing societal challenges, such as inequality, poverty, and governance. By emphasizing compassion and inclusivity, it offers transformative insights into creating sustainable systems that prioritize the well-being of all individuals and communities.