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| list of behavioral economics principles: Principles of Behavioral Economics Peter E. Earl, 2022-07-28 Presents the ONE behavioral approach to economics: a grand synthesis of Old, New and Evolutionary behavioral approaches. |
| list of behavioral economics principles: Behavioral Economics and Public Health Christina A. Roberto, Ichiro Kawachi, 2015-09-01 Behavioral economics has potential to offer novel solutions to some of today's most pressing public health problems: How do we persuade people to eat healthy and lose weight? How can health professionals communicate health risks in a way that is heeded? How can food labeling be modified to inform healthy food choices? Behavioral Economics and Public Health is the first book to apply the groundbreaking insights of behavioral economics to the persisting problems of health behaviors and behavior change. In addition to providing a primer on the behavioral economics principles that are most relevant to public health, this book offers details on how these principles can be employed to mitigating the world's greatest health threats, including obesity, smoking, risky sexual behavior, and excessive drinking. With contributions from an international team of scholars from psychology, economics, marketing, public health, and medicine, this book is a trailblazing new approach to the most difficult and important problems of our time. |
| list of behavioral economics principles: Behavioural Economics and Policy Design Donald Low, 2011 This book aims to demonstrate how successful policies in Singapore have integrated conventional economic principles with insights from the emerging field of behavioural economics even before the latter became popular. Using examples from various policy domains, it shows how good policy design often requires a synthesis of insights from economics and psychology. Policies should not only be compatible with economic incentives, but should also be sensitive to the cognitive abilities, limitations and biases of citizens. Written by policy practitioners in the Singapore government, this book is an introduction to how behavioural economics and the findings from cognitive psychology can be intelligently applied to the design of public policies.--Publisher's description. |
| list of behavioral economics principles: Behavioral Economics For Dummies Morris Altman, 2012-02-28 A guide to the study of how and why you really make financial decisions While classical economics is based on the notion that people act with rational self-interest, many key money decisions—like splurging on an expensive watch—can seem far from rational. The field of behavioral economics sheds light on the many subtle and not-so-subtle factors that contribute to our financial and purchasing choices. And in Behavioral Economics For Dummies, readers will learn how social and psychological factors, such as instinctual behavior patterns, social pressure, and mental framing, can dramatically affect our day-to-day decision-making and financial choices. Based on psychology and rooted in real-world examples, Behavioral Economics For Dummies offers the sort of insights designed to help investors avoid impulsive mistakes, companies understand the mechanisms behind individual choices, and governments and nonprofits make public decisions. A friendly introduction to the study of how and why people really make financial decisions The author is a professor of behavioral and institutional economics at Victoria University An essential component to improving your financial decision-making (and even to understanding current events), Behavioral Economics For Dummies is important for just about anyone who has a bank account and is interested in why—and when—they spend money. |
| list of behavioral economics principles: The Foundations of Behavioral Economic Analysis Sanjit Dhami, 2019-02-14 This first volume of The Foundations of Behavioral Economic Analysis covers the opening topic found in this definitive introduction to the subject: the behavioral economics of risk, uncertainty, and ambiguity. It is an essential guide for advanced undergraduate and postgraduate students seeking a concise and focused text on this important subject, and examines how the decision maker chooses his optimal action in the presence of risk, uncertainty, and ambiguity. This updated extract from Dhami's leading textbook allows the reader to pursue subsections of this vast and rapidly growing field and to tailor their reading to their specific interests in behavioural economics. |
| list of behavioral economics principles: Advances in Behavioral Economics Colin F. Camerer, George Loewenstein, Matthew Rabin, 2004 Today, behavioral economics has become virtually mainstream. |
| list of behavioral economics principles: A Course in Behavioral Economics Erik Angner, 2020-11-27 This textbook looks at decisions – how we make them, and what makes them good or bad. In this bestselling introduction, Erik Angner clearly lays out the theory of behavioral economics and explains the intuitions behind it. The book offers a rich tapestry of examples, exercises, and problems drawn from fields such as economics, management, marketing, political science, and public policy. It shows how to apply the principles of behavioral economics to improve your life and work – and to make the world a better place to boot. No advanced mathematics is required. This is an ideal textbook for students coming to behavioral economics from various fields. It can be used on its own in introductory courses, or in combination with other texts at advanced undergraduate and postgraduate levels. It is equally suitable for general readers who have been captivated by popular-science books on behavioral economics and want to know more about this intriguing subject. New to this Edition: - An updated chapter on behavioral policy and the nudge agenda. - Several new sections, for example on the economics of happiness. - Updated examples and exercises, with an expanded answer key - Refreshed ancillary resources make for a plug and play experience for instructors teaching behavioral economics for the first time. |
| list of behavioral economics principles: Behavioral Economics Floris Heukelom, 2014-02-17 This book presents a history of behavioral economics. The recurring theme is that behavioral economics reflects and contributes to a fundamental reorientation of the epistemological foundations upon which economics had been based since the days of Smith, Ricardo, and Mill. With behavioral economics, the discipline has shifted from grounding its theories in generalized characterizations to building theories from behavioral assumptions directly amenable to empirical validation and refutation. The book proceeds chronologically and takes the reader from von Neumann and Morgenstern's axioms of rational behavior, through the incorporation of rational decision theory in psychology in the 1950s–70s, to the creation and rise of behavioral economics in the 1980s and 1990s at the Sloan and Russell Sage Foundations. |
| list of behavioral economics principles: Principles of Behavioral Science Salem Press, 2021-09 Discusses human action and how human behaviour relates to society. The book discusses two broad categories: how we process information to make decisions that help us function and survive in our social environment, and how our relationships, interactions, communication networks, and relational dynamics play out in our social system. |
| list of behavioral economics principles: Principles of Economics in Context Neva Goodwin, Jonathan M. Harris, Julie A. Nelson, Brian Roach, Mariano Torras, 2015-03-04 Principles of Economics in Context lays out the principles of micro- and macroeconomics in a manner that is thorough, up to date, and relevant to students, attuned to the economic realities of the world around them. It offers engaging treatment of important current topics such as new thinking in behavioral economics, financial instability and market bubbles, debt and deficits, and policy responses to the problems of unemployment, inequality, and environmental sustainability. This new, affordable edition combines the just-released new editions of Microeconomics in Context and Macroeconomics in Context to provide an integrated full-year text covering all aspects of both micro and macro analysis and application, with many up-to-date examples and extensive supporting web resources for instructors and students. Key features include: An eye-opening statistical portrait of the United States; Clear explanation of basic concepts and analytical tools, with advanced models presented in optional chapter appendices; Presentation of policy issues in historical, institutional, social, political, and ethical context--an approach that fosters critical evaluation of the standard microeconomic models, such as welfare analysis, labor markets, and market competition; Issues of human well-being, both domestic and global, are given central importance, enriching the topics and analytical tools to which students are introduced; The theme of sustainability--financial, social, and ecological--is thoroughly integrated in the book, with chapters on alternatives to standard GDP measurement, the environment, common property, public goods, and growth and sustainability in the twenty-first century; Full complement of instructor and student support materials online, including test banks and grading through Canvas. |
| list of behavioral economics principles: Behavioral Economics Philip J. Corr, Anke C. Plagnol, 2018 What is behavioral economics and why is it important? -- The ascent and dissent of economics -- Econ: homo economicus -- Human: more homer (simpson) than homo economicus -- Manners, monkeys and moods -- Nudge: whys, ways and weasels -- Sell! the commercial (and political) world of persuasion |
| list of behavioral economics principles: The Why Axis Uri Gneezy, John List, 2013-10-08 Can economics be passionate? Can it center on people and what really matters to them day-in and day-out. And help us understand their hidden motives for why they do what they do in everyday life? Uri Gneezy and John List are revolutionaries. Their ideas and methods for revealing what really works in addressing big social, business, and economic problems gives us new understanding of the motives underlying human behavior. We can then structure incentives that can get people to move mountains, change their behavior -- or at least get a better deal. But finding the right incentive can be like looking for a needle in a haystack. Gneezy and List's pioneering approach is to embed themselves in the factories, schools, communities, and offices where people work, live, and play. Then, through large-scale field experiments conducted in the wild, Gneezy and List observe people in their natural environments without them being aware that they are observed. Their randomized experiments have revealed ways to close the gap between rich and poor students; to stop the violence plaguing inner-city schools; to decipher whether women are really less competitive than men; to correctly price products and services; and to discover the real reasons why people discriminate. To get the answers, Gneezy and List boarded planes, helicopters, trains, and automobiles to embark on journeys from the foothills of Kilimanjaro to California wineries; from sultry northern India to the chilly streets of Chicago; from the playgrounds of schools in Israel to the boardrooms of some of the world's largest corporations. In The Why Axis, they take us along for the ride, and through engaging and colorful stories, present lessons with big payoffs. Their revelatory, startling, and urgent discoveries about how incentives really work are both revolutionary and immensely practical. This research will change both the way we think about and take action on big and little problems. Instead of relying on assumptions, we can find out, through evidence, what really works. Anyone working in business, politics, education, or philanthropy can use the approach Gneezy and List describe in The Why Axis to reach a deeper, nuanced understanding of human behavior, and a better understanding of what motivates people and why. |
| list of behavioral economics principles: Economic Behaviour in Adversity Jack Hirshleifer, 1987-11-02 Conflict, disaster, and destruction—despite their historical and current significance—have not yet been adequately studied from the economic point of view. Economic Behaviour in Adversity brings together ten important essays, several previously unpublished, dealing with the choices people make in times of disaster and conflict. These essays help explain the possibilities and limits of human cooperation under severe environmental pressure. Part I, Disaster and Recovery, contains previously unpublished studies of major historical catastrophes, among them the Black Death of the fourteenth century, the Civil War in Russia that followed the Bolshevik revolution, and the mass bombing of Germany and of Japan during World War II. Accompanying the historical studies are several analytical papers that interpret the disaster experience. The essays in Part II, Cooperation and Conflict, represent innovative theoretical analyses based on a common theme—that cooperation and conflict are alternative strategies whereby individuals, groups, and different forms of social organization struggle with one another for evolutionary survival. Ultimately, these essays indicate, the political economy of the human species is an instance of Darwin's economy of nature. |
| list of behavioral economics principles: The Economic Approach to Human Behavior Gary S. Becker, 2013-02-06 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. |
| list of behavioral economics principles: The Behavioral Foundations of Public Policy Eldar Shafir, 2013-01-10 An interdisciplinary look at the behavioral roots of public policy from the field's leading experts In recent years, remarkable progress has been made in behavioral research on a wide variety of topics, from behavioral finance, labor contracts, philanthropy, and the analysis of savings and poverty, to eyewitness identification and sentencing decisions, racism, sexism, health behaviors, and voting. Research findings have often been strikingly counterintuitive, with serious implications for public policymaking. In this book, leading experts in psychology, decision research, policy analysis, economics, political science, law, medicine, and philosophy explore major trends, principles, and general insights about human behavior in policy-relevant settings. Their work provides a deeper understanding of the many drivers—cognitive, social, perceptual, motivational, and emotional—that guide behaviors in everyday settings. They give depth and insight into the methods of behavioral research, and highlight how this knowledge might influence the implementation of public policy for the improvement of society. This collection examines the policy relevance of behavioral science to our social and political lives, to issues ranging from health, environment, and nutrition, to dispute resolution, implicit racism, and false convictions. The book illuminates the relationship between behavioral findings and economic analyses, and calls attention to what policymakers might learn from this vast body of groundbreaking work. Wide-ranging investigation into people's motivations, abilities, attitudes, and perceptions finds that they differ in profound ways from what is typically assumed. The result is that public policy acquires even greater significance, since rather than merely facilitating the conduct of human affairs, policy actually shapes their trajectory. The first interdisciplinary look at behaviorally informed policymaking Leading behavioral experts across the social sciences consider important policy problems A compendium of behavioral findings and their application to relevant policy domains |
| list of behavioral economics principles: Behavioral Economics Unlocked Samapti Banerjee, 2025-02-21 Unlock the Science of Decision-Making and Take Control of Your Choices! Have you ever wondered why you make impulse purchases, procrastinate on important tasks, or struggle to save money despite knowing better? Behavioral Economics Unlocked: Turning Insights into Better Decisions reveals the hidden psychological forces that shape your choices—and how to use them to your advantage. This book uncovers the science behind decision-making, financial behavior, habit formation, and business strategies, giving you the tools to make smarter, more intentional choices in every area of life. Discover How to Outsmart Your Own Mind Traditional economics assumes people make logical, rational decisions—but behavioral economics proves otherwise. We are influenced by biases, emotions, mental shortcuts, and external nudges that drive our behavior in ways we don’t always recognize. This book explains how to identify these invisible forces and leverage them to overcome cognitive traps, break bad habits, and build a smarter life. Practical Strategies for Real-Life Success Through engaging examples, case studies, and actionable techniques, this book teaches you how to: ✔ Avoid common thinking errors like loss aversion, the sunk cost fallacy, and decision fatigue ✔ Make better financial choices by understanding pricing psychology, saving strategies, and investment behaviors ✔ Enhance productivity and motivation using proven behavioral science methods ✔ Use nudging techniques to improve your health, career, and personal growth ✔ Recognize when businesses and governments use behavioral tactics—both ethically and manipulatively For Readers Who Want to Think Smarter and Live Better Whether you are an entrepreneur, investor, student, policymaker, or someone who simply wants to make better decisions, this book will give you the mental tools to take control of your choices. It is written in a clear, engaging style that makes complex behavioral concepts easy to understand and apply to real life. Transform Your Decision-Making and Unlock Your Best Life By the end of this book, you will have the knowledge and strategies to design an environment that supports success, build habits that stick, and avoid mental traps that hold you back. Instead of being influenced by subconscious biases, you’ll become a more intentional, empowered decision-maker in all aspects of life—money, health, productivity, and relationships. Ready to Master Behavioral Economics? Grab the Book and go through the same. If you’re tired of making the same mistakes, falling for marketing tricks, or struggling with self-discipline, this book is your ultimate guide to behavioral science in action. Scroll up and grab your copy today to start making winning decisions every day. |
| list of behavioral economics principles: Policy and Choice William J. Congdon, Jeffrey R. Kling, Sendhil Mullainathan, 2011 Argues that public finance--the study of the government's role in economics--should incorporate principles from behavior economics and other branches of psychology. |
| list of behavioral economics principles: Misbehaving: The Making of Behavioral Economics Richard H. Thaler, 2015-05-11 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 |
| list of behavioral economics principles: The Oxford Handbook of Behavioral Economics and the Law Eyal Zamir, Doron Teichman, 2014 'The Oxford Handbook of Behavioral Economics and Law' brings together leading scholars of law, psychology, and economics to provide an up-to-date and comprehensive analysis of this field of research, including its strengths and limitations as well as a forecast of its future development. Its twenty-nine chapters are organized into four parts. |
| list of behavioral economics principles: An Introduction to Behavioral Economics Nick Wilkinson, Matthias Klaes, 2017-12-16 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 |
| list of behavioral economics principles: Behavioral Economics Masao Ogaki, Saori C. Tanaka, 2018-02-05 This book is intended as a textbook for a course in behavioral economics for advanced undergraduate and graduate students who have already learned basic economics. The book will also be useful for introducing behavioral economics to researchers. Unlike some general audience books that discuss behavioral economics, this book does not take a position of completely negating traditional economics. Its position is that both behavioral and traditional economics are tools that have their own uses and limitations. Moreover, this work makes clear that knowledge of traditional economics is a necessary basis to fully understand behavioral economics. Some of the special features compared with other textbooks on behavioral economics are that this volume has full chapters on neuroeconomics, cultural and identity economics, and economics of happiness. These are distinctive subfields of economics that are different from, but closely related to, behavioral economics with many important overlaps with behavioral economics. Neuroeconomics, which is developing fast partly because of technological progress, seeks to understand how the workings of our minds affect our economic decision making. In addition to a full chapter on neuroeconomics, the book provides explanations of findings in neuroeconomics in chapters on prospect theory (a major decision theory of behavioral economics under uncertainty), intertemporal economic behavior, and social preferences (preferences that exhibit concerns for others). Cultural and identity economics seek to explain how cultures and people’s identities affect economic behaviors, and economics of happiness utilizes measures of subjective well-being. There is also a full chapter on behavioral normative economics, which evaluates economic policies based on findings and theories of behavioral economics. |
| list of behavioral economics principles: Mindless Eating Brian Wansink, PhD, 2006-12-19 This book will literally change the way you think about your next meal. Food psychologist Brian Wansink revolutionizes our awareness of how much, what, and why we’re eating—often without realizing it. His findings will astound you. • Can the size of your plate really influence your appetite? • Why do you eat more when you dine with friends? • What “hidden persuaders” are used by restaurants and supermarkets to get us to overeat? • How does music or the color of the room influence how much—and how fast—we eat? • How can we “mindlessly” lose—instead of gain—up to twenty pounds in the coming year? Starting today, you can make more mindful, enjoyable, and healthy choices at the dinner table, in the supermarket, at the office—wherever you satisfy your appetite. |
| list of behavioral economics principles: Principles of Business Salem Press, 2018 Provides students and researchers with easy-to-understand entries on hundreds of important terms, principles and concepts allow readers to develop a deeper understanding of the field. The study of economics involves understanding and predicting the behavior of economies, markets, and economic variables. With engaging, comprehensive entries written by experts in the field, Principles of Business: Economics is an invaluable resource for those seeking an introduction to economics with a focus on its relevance to business. This volume includes 100 accessible entries that provide readers with a solid understanding of the topic, including: The US Financial Crisis of 2007-2010 Managerial Economics Business Cycle Economic Growth Principles of Macroeconomics Evolution of Economic Thought Globalization of emerging Markets Economics of Business Regulations Market Failure Money, Banking and the Economy Principles of Business: Economics covers essential topics that will be of interest to anyone who wants to know more about what is involved in running a business, keeping accounts, or for those who are considering starting a business of their own. |
| list of behavioral economics principles: Foundations of Neuroeconomic Analysis Paul W. Glimcher, 2011 Neuroeconomics has emerged at the border of the social and natural sciences. This book argues that a meaningful interdisciplinary synthesis of the study of human and animal choice is not only desirable, but also well underway, and so it is time to develop formally a foundational approach for the field. |
| list of behavioral economics principles: Principles of Economics Jeff Holt, 2006 Principles of Economics, 3rd Edition, by Jeff Holt is a clear, concise, and economical alternative to the typical textbook. This text includes a built-in study guide that enables students to reinforce concepts and better comprehend the material. The book is spiral bound which allows it to lay flat when open, making it easier for students to work the problems in the study guide. Supplemental materials available for adopting instructors include an Instructor's Manual, Test Bank, and Power Point slides--all prepared by the author. This text is in use at the following Colleges and Universities: American International College Austin Peay State University Black Hills State University Cazenovia College Colorado State University - Pueblo Davidson County Community College Eastern Maine Community College El Camino College Elizabethtown Community College Florence Darlington Technical College Geneva College Georgia Highlands College Georgia Southern University Goldey-Beacom College Idaho State University Johnson State College Malvern Preparatory School Mesa Community College Mesabi Range Technical and Community College Millersville University Nicolet Area Technical College Otero Junior College Palm Beach Atlantic University Penn State Worthington Scranton Providence College Sierra College Southern Polytechnic State University Southwestern Oregon Community College Spokane Community College St. Gregory's University SUNY - Cortland Thomas University Trinity College Tulsa Community College University of Arkansas Community College at Hope University of Cincinnati University of Hartford University of Massachusetts Dartmouth University of Montana - Western Utah Valley State College Valdosta Technical College Western Dakota Technical Institute |
| list of behavioral economics principles: Handbook of Behavioural Economics and Smart Decision-Making Morris Altman, 2017-05-26 This Handbook is a unique and original contribution of over thirty chapters on behavioural economics, examining and addressing an important stream of research where the starting assumption is that decision-makers are for the most part relatively smart or rational. This particular approach is in contrast to a theme running through much contemporary work where individuals’ behaviour is deemed irrational, biased, and error-prone, often due to how people are hardwired. In the smart people approach, where errors or biases occur and when social dilemmas arise, more often than not, improving the decision-making environment can repair these problems without hijacking or manipulating the preferences of decision-makers. This book covers a wide-range of themes from micro to macro, including various sub-disciplines within economics such as economic psychology, heuristics, fast and slow-thinking, neuroeconomics, experiments, the capabilities approach, institutional economics, methodology, nudging, ethics, and public policy. |
| list of behavioral economics principles: The Last Mile Dilip Soman, 2015-07-27 Most organizations spend much of their effort on the start of the value creation process: namely, creating a strategy, developing new products or services, and analyzing the market. They pay a lot less attention to the end: the crucial “last mile” where consumers come to their website, store, or sales representatives and make a choice. In The Last Mile, Dilip Soman shows how to use insights from behavioral science in order to close that gap. Beginning with an introduction to the last mile problem and the concept of choice architecture, the book takes a deep dive into the psychology of choice, money, and time. It explains how to construct behavioral experiments and understand the data on preferences that they provide. Finally, it provides a range of practical tools with which to overcome common last mile difficulties. The Last Mile helps lay readers not only to understand behavioral science, but to apply its lessons to their own organizations’ last mile problems, whether they work in business, government, or the nonprofit sector. Appealing to anyone who was fascinated by Dan Ariely’s Predictably Irrational, Richard Thaler and Cass Sunstein’s Nudge, or Daniel Kahneman’s Thinking, Fast and Slow but was not sure how those insights could be practically applied, The Last Mile is full of solid, concrete advice on how to put the lessons of behavioral science to work. |
| list of behavioral economics principles: The Paradox of Choice Barry Schwartz, 2009-10-13 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. |
| list of behavioral economics principles: Handbook of Behavioral Industrial Organization Victor J. Tremblay, Elizabeth Schroeder, Carol Horton Tremblay, 2018 The Handbook of Behavioral Industrial Organization integrates behavioral economics into industrial organization. Chapters cover concepts such as relative thinking, salience, shrouded attributes, cognitive dissonance, motivated reasoning, confirmation bias, overconfidence, status quo bias, social cooperation and identity. Additional chapters consider industry issues, such as sports and gambling industries, neuroeconomic studies of brands and advertising, and behavioral antitrust law. The Handbook features a wide array of methods (literature surveys, experimental and econometric research, and theoretical modelling), facilitating accessibility to a wide audience. |
| list of behavioral economics principles: Psychology and Behavioral Economics Kai Ruggeri, 2021-09-21 Psychology and Behavioral Economics offers an expert introduction to how psychology can be applied to a range of public policy areas. It examines the impact of psychological research for public policymaking in economic, financial, and consumer sectors; in education, healthcare, and the workplace; for energy and the environment; and in communications. Your energy bills show you how much you use compared to the average household in your area. Your doctor sends you a text message reminder when your appointment is coming up. Your bank gives you three choices for how much to pay off on your credit card each month. Wherever you look, there has been a rapid increase in the importance we place on understanding real human behaviors in everyday decisions, and these behavioral insights are now regularly used to influence everything from how companies recruit employees through to large-scale public policy and government regulation. But what is the actual evidence behind these tactics, and how did psychology become such a major player in economics? Answering these questions and more, this team of authors, working across both academia and government, present this fully revised and updated reworking of Behavioral Insights for Public Policy. This update covers everything from how policy was historically developed, to major research in human behavior and social psychology, to key moments that brought behavioral sciences to the forefront of public policy. Featuring over 100 empirical examples of how behavioral insights are being used to address some of the most critical challenges faced globally, the book covers key topics such as evidence-based policy, a brief history of behavioral and decision sciences, behavioral economics, and policy evaluation, all illustrated throughout with lively case studies. Including end-of-chapter questions, a glossary, and key concept boxes to aid retention, as well as a new chapter revealing the work of the Canadian government’s behavioral insights unit, this is the perfect textbook for students of psychology, economics, public health, education, and organizational sciences, as well as public policy professionals looking for fresh insight into the underlying theory and practical applications in a range of public policy areas. |
| list of behavioral economics principles: Predictably Irrational Dan Ariely, 2009 Cuts to the heart of our strange behaviour, demonstrating how irrationality often supplants rational thought and that the reason for this is embedded in the very structure of our minds. |
| list of behavioral economics principles: Behavioural Economics and Experiments Ananish Chaudhuri, 2021-05-13 Behavioural Economics and Experiments addresses key topics within behavioural economics, exploring vital questions around decision-making and human nature. Assuming no prior knowledge of economics, the book features wide-ranging examples from literature, film, sport, neuroscience and beyond. Ananish Chaudhuri explores the complex relationships between human behaviour, society and decision-making, introducing readers to the latest work on heuristics, framing and anchoring, as well as ideas around fairness, trust and social norms. The book offers a fresh perspective on issues such as: Decision-making under uncertainty Firms’ pricing decisions Employment contracts Coordination failures in organizations Preventing bubbles in financial markets This is an ideal introduction for students of behavioural economics, experimental economics and economic decision-making on economics, public policy, psychology and business-related programmes, and will also be accessible to policymakers and curious laymen. |
| list of behavioral economics principles: Behavioral Public Finance Edward J. McCaffery, Joel Slemrod, 2006-01-23 Behavioral economics questions the basic underpinnings of economic theory, showing that people often do not act consistently in their own self-interest when making economic decisions. While these findings have important theoretical implications, they also provide a new lens for examining public policies, such as taxation, public spending, and the provision of adequate pensions. How can people be encouraged to save adequately for retirement when evidence shows that they tend to spend their money as soon as they can? Would closer monitoring of income tax returns lead to more honest taxpayers or a more distrustful, uncooperative citizenry? Behavioral Public Finance, edited by Edward McCaffery and Joel Slemrod, applies the principles of behavioral economics to government's role in constructing economic and social policies of these kinds and suggests that programs crafted with rational participants in mind may require redesign. Behavioral Public Finance looks at several facets of economic life and asks how behavioral research can increase public welfare. Deborah A. Small, George Loewenstein, and Jeff Strnad note that public support for a tax often depends not only on who bears its burdens, but also on how the tax is framed. For example, people tend to prefer corporate taxes over sales taxes, even though the cost of both is eventually extracted from the consumer. James J. Choi, David Laibson, Brigitte C. Madrian, and Andrew Metrick assess the impact of several different features of 401(k) plans on employee savings behavior. They find that when employees are automatically enrolled in a retirement savings plan, they overwhelmingly accept the status quo and continue participating, while employees without automatic enrollment typically take over a year to join the saving plan. Behavioral Public Finance also looks at taxpayer compliance. While the classic economic model suggests that the low rate of IRS audits means far fewer people should voluntarily pay their taxes than actually do, John Cullis, Philip Jones, and Alan Lewis present new research showing that many people do not underreport their incomes even when the probability of getting caught is a mere one percent. Human beings are not always rational, utility-maximizing economic agents. Behavioral economics has shown how human behavior departs from the assumptions made by generations of economists. Now, Behavioral Public Finance brings the insights of behavioral economics to analysis of policies that affect us all. |
| list of behavioral economics principles: Economics William J. Baumol, 2002-07 Prepared by Craig Swan, University of Minnesota The study guide assists students in understanding the text's main concepts. It includes learning objectives; lists of importnat concepts and terms for each chapter; quizzes that help students test their understanding and comprehension of concepts; multiple-choice tests for self-understanding; lists of supplementary readings and study questions for each chapter; Economics in Action sections that use current news articles to illustrate economics concepts; Economics Online exercises that outline useful Internet and Web sources for economic data and interaction. |
| list of behavioral economics principles: Behavioural Economics: A Very Short Introduction Michelle Baddeley, 2017-01-19 Traditionally economists have based their economic predictions on the assumption that humans are super-rational creatures, using the information we are given efficiently and generally making selfish decisions that work well for us as individuals. Economists also assume that we're doing the very best we can possibly do - not only for today, but over our whole lifetimes too. But increasingly the study of behavioural economics is revealing that our lives are not that simple. Instead, our decisions are complicated by our own psychology. Each of us makes mistakes every day. We don't always know what's best for us and, even if we do, we might not have the self-control to deliver on our best intentions. We struggle to stay on diets, to get enough exercise and to manage our money. We misjudge risky situations. We are prone to herding: sometimes peer pressure leads us blindly to copy others around us; other times copying others helps us to learn quickly about new, unfamiliar situations. This Very Short Introduction explores the reasons why we make irrational decisions; how we decide quickly; why we make mistakes in risky situations; our tendency to procrastination; and how we are affected by social influences, personality, mood and emotions. The implications of understanding the rationale for our own financial behaviour are huge. Behavioural economics could help policy-makers to understand the people behind their policies, enabling them to design more effective policies, while at the same time we could find ourselves assaulted by increasingly savvy marketing. Michelle Baddeley concludes by looking forward, to see what the future of behavioural economics holds for us. ABOUT THE SERIES: The Very Short Introductions series from Oxford University Press contains hundreds of titles in almost every subject area. These pocket-sized books are the perfect way to get ahead in a new subject quickly. Our expert authors combine facts, analysis, perspective, new ideas, and enthusiasm to make interesting and challenging topics highly readable. |
| list of behavioral economics principles: Sludge Cass R. Sunstein, 2021-09-07 The New York Times–bestselling author of Nudge reveals how we became so burdened by red tape and unnecessary paperwork—and why we must do better. “If nudges have a mortal enemy, or perhaps the equivalent of antimatter to matter, it’s ‘sludge’.” —Forbes We’ve all had to fight our way through administrative sludge—filling out complicated online forms, mailing in paperwork, standing in line at the motor vehicle registry. This kind of red tape is a nuisance, but, as Cass Sunstein shows in Sludge, it can also impair health, reduce growth, entrench poverty, and exacerbate inequality. Confronted by sludge, people just give up—and lose a promised outcome: a visa, a job, a permit, an educational opportunity, necessary medical help. In this lively and entertaining look at the terribleness of sludge, Sunstein explains what we can do to reduce it. Because of sludge, Sunstein, explains, too many people don't receive benefits to which they are entitled. Sludge even prevents many people from exercising their constitutional rights—when, for example, barriers to voting in an election are too high. (A Sludge Reduction Act would be a Voting Rights Act.) Sunstein takes readers on a tour of the not-so-wonderful world of sludge, describes justifications for certain kinds of sludge, and proposes “Sludge Audits” as a way to measure the effects of sludge. On balance, Sunstein argues, sludge infringes on human dignity, making people feel that their time and even their lives don't matter. We must do better. |
| list of behavioral economics principles: Scarcity Sendhil Mullainathan, Eldar Shafir, 2013-09-03 A surprising and intriguing examination of how scarcity—and our flawed responses to it—shapes our lives, our society, and our culture |
| list of behavioral economics principles: Behavioural Economics Michelle Baddeley, 2017 Economics and behaviour -- Motivation and incentives -- Social lives -- Quick thinking -- Risky choices -- Taking time -- Personalities, moods, and emotions -- Behaviour in the macroeconomy -- Economic behaviour and public policy |
| list of behavioral economics principles: The Handbook of Persuasion and Social Marketing David W. Stewart, 2014-12-17 This timely set traces the evolution of social marketing from its deep roots in psychology, religion, and politics to its current role as an influencer of societal and behavioral change. Few realize that the methods behind the social marketing discipline are not new but are based on traditional sales techniques reengineered to advocate social responsibility. Since emerging, the movement has prompted a rapid change in how we communicate and what we say. Funding from government agencies, foundations, and organizations like the National Cancer Institute and the American Heart Association have prompted campaigns that promote healthy behaviors and deter unhealthy actions. In this three-volume set, a panel of experts take an unprecedented look at this marketing phenomena as a means of influencing behaviors that benefit individuals and society overall. This comprehensive collection examines the role of persuasion in a marketing context. The book's central theme is woven throughout each of the three volumes: volume one focuses on the conceptual and philosophical foundations of the trend; the second part addresses its theoretical and strategic dimensions; and the final section discusses applications to specific societal issues like personal, public, and environmental caretaking; disease prevention; good nutrition; and safe sex. Chapters address campaign planning, regulatory and compliance issues, and the measurement of outcomes. |
| list of behavioral economics principles: Behavioral Economics Edward Cartwright, 2014-04-29 Over the last few decades behavioral economics has revolutionized the discipline. It has done so by putting the human back into economics, by recognizing that people sometimes make mistakes, care about others, and are generally not as cold and calculating as economists have traditionally assumed. The results have been exciting and fascinating, and have fundamentally changed the way we look at economic behaviour. This textbook introduces all the key results and insights of behavioral economics to a student audience. Ideas such as mental accounting, prospect theory, present bias, inequality aversion, and learning are explained in detail. These ideas are also applied in diverse settings such as auctions, stock market crashes, charitable donations and health care, to show why behavioral economics is crucial to understanding the world around us. Consideration is also given to what makes people happy, and how we can potentially nudge people to be happier. This new edition contains expanded and updated coverage of neuroeconomics, emotions, deception, and the contrast between group and individual behaviour, among other topics, to ensure that readers are kept up-to-speed with this fast-paced field. A companion website is also now available containing a test bank of questions and worked examples allowing users to see for themselves how changing the parameters can change the outcomes. This book remains the ideal introduction to behavioral economics for advanced undergraduate and graduate students. |
python - How to convert list to string - Stack Overflow
Apr 11, 2011 · Agree with @Bogdan. This answer creates a string in which the list elements are joined together with no whitespace or comma in between. You can use ', '.join(list1) to join the …
How do I make a flat list out of a list of lists? - Stack Overflow
Dec 3, 2016 · A list of lists named xss can be flattened using a nested list comprehension: flat_list = [ x for xs in xss for x in xs ] The above is equivalent to: flat_list = [] for xs in xss: for x in xs: …
Get unique values from a list in python - Stack Overflow
Oct 15, 2012 · Because it inherits from a list, it basically acts like a list, so you can use functions like index() etc. And because it returns true or false, you can find out if appending succeeded …
What is the difference between Python's list methods append and …
Oct 31, 2008 · my_list + another_list creates a third list in memory, so you can return the result of it, but it requires that the second iterable be a list. my_list += another_list modifies the list in …
Best way to remove elements from a list - Stack Overflow
Feb 2, 2014 · This makes indexing a list a[i] an operation whose cost is independent of the size of the list or the value of the index. When items are appended or inserted, the array of references …
What is the syntax to insert one list into another list in python?
Sep 20, 2010 · List slicing is quite flexible as it allows to replace a range of entries in a list with a range of ...
TypeError: list indices must be integers or slices, not str
Sep 14, 2015 · 1. A list is used as if it were a dictionary 1.1. Index a list as if it was a dictionary. This case commonly occurs when a json object is converted into a Python object but there's a …
Power Query check if string contains strings from a list
Nov 13, 2018 · Then you "cross" the new lists with the list of Words. The result are lists of elements (strings) that appears in both lists (TextLists and Words). Now you count these new …
Quick way to list all files in Amazon S3 bucket?
Jul 26, 2010 · This command will give you a list of all top-level objects inside an AWS S3 bucket: aws s3 ls bucket-name. This command will give you a list of ALL objects inside an AWS S3 …
writing a list to a txt file in python - Stack Overflow
Dec 2, 2013 · writelines() needs a list of strings with line separators appended to them but your code is only giving it a list of integers. To make it work you'd need to use something like this: …
python - How to convert list to string - Stack Overflow
Apr 11, 2011 · Agree with @Bogdan. This answer creates a string in which the list elements are joined together with no whitespace or comma in between. You can use ', '.join(list1) to join the …
How do I make a flat list out of a list of lists? - Stack Overflow
Dec 3, 2016 · A list of lists named xss can be flattened using a nested list comprehension: flat_list = [ x for xs in xss for x in xs ] The above is equivalent to: flat_list = [] for xs in xss: for x in xs: …
Get unique values from a list in python - Stack Overflow
Oct 15, 2012 · Because it inherits from a list, it basically acts like a list, so you can use functions like index() etc. And because it returns true or false, you can find out if appending succeeded …
What is the difference between Python's list methods append and …
Oct 31, 2008 · my_list + another_list creates a third list in memory, so you can return the result of it, but it requires that the second iterable be a list. my_list += another_list modifies the list in …
Best way to remove elements from a list - Stack Overflow
Feb 2, 2014 · This makes indexing a list a[i] an operation whose cost is independent of the size of the list or the value of the index. When items are appended or inserted, the array of references …
What is the syntax to insert one list into another list in python?
Sep 20, 2010 · List slicing is quite flexible as it allows to replace a range of entries in a list with a range of ...
TypeError: list indices must be integers or slices, not str
Sep 14, 2015 · 1. A list is used as if it were a dictionary 1.1. Index a list as if it was a dictionary. This case commonly occurs when a json object is converted into a Python object but there's a …
Power Query check if string contains strings from a list
Nov 13, 2018 · Then you "cross" the new lists with the list of Words. The result are lists of elements (strings) that appears in both lists (TextLists and Words). Now you count these new …
Quick way to list all files in Amazon S3 bucket?
Jul 26, 2010 · This command will give you a list of all top-level objects inside an AWS S3 bucket: aws s3 ls bucket-name. This command will give you a list of ALL objects inside an AWS S3 …
writing a list to a txt file in python - Stack Overflow
Dec 2, 2013 · writelines() needs a list of strings with line separators appended to them but your code is only giving it a list of integers. To make it work you'd need to use something like this: …
