Microeconomics optimization, experiments, and behavior
Introductory economics textbooks teach the traditional, neoclassical theories of individual behavior, first put forth by figures like Adam Smith. Research in experimental and behavioral economics, however, shows that people choose rationally only part of the time. Often they lack the resources to ma...
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| Format: | UnknownFormat |
| Sprache: | eng |
| Veröffentlicht: |
Oxford u.a.
Oxford Univ. Press
2006
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| Online Zugang: | Inhaltstext Inhaltsverzeichnis Contributor biographical information Publisher description |
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Tag hinzufügen | Zusammenfassung: | Introductory economics textbooks teach the traditional, neoclassical theories of individual behavior, first put forth by figures like Adam Smith. Research in experimental and behavioral economics, however, shows that people choose rationally only part of the time. Often they lack the resources to make optimal decisions. The most innovative feature of this textbook is its extensive coverage of this recent research in cognitive psychology and behavioral and experimental economics. It not only documents behavior inconsistent with traditional theory, but also advances positive theories with superior predictive power. At the same time, it will teach the essential traditional theories, and therefore offer complete historical coverage of a rapidly changing field. |
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| Beschreibung: | Literaturverz. S. 307 - 319 |
| Beschreibung: | XVI, 326 S. graph. Darst., Ill. a |
| ISBN: | 0195189620 0-19-518962-0 9780195189629 978-0-19-518962-9 |