Handbook of Behavioural Economics and Smart Decision-Making: Rational Decision-Making within the Bounds of Reason - Softcover

Softcover

ISBN 10: 1782549587 ISBN 13: 9781782549581

Publisher: Edward Elgar Publishing, 2019

Synopsis

'In the study of decision-making by people in the world, the laboratory, in surveys, or in all of the above, many scholars have derided our decisions as irrational, uninformed, biased or vulnerable to illusions, if not delusions, that steer us off track. You won't find that simplistic reduction in this book. You will find plenty of cases of error, sometimes random, sometimes systematic, and sometimes in the models that...

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About this title

About the Author

Edited by Morris Altman, Professor of Behavioural and Institutional Economics, Dean and Head, Newcastle Business School, University of Newcastle, Australia

Review

'Behavioural economics has been dominated by the heuristics-and-biases view, according to which deviations from coherence principles are equated with irrational behaviour, making humans appear to be a group of Homer Simpsons plagued with illusions. Many economists appear to be unaware that this viewpoint has long been contested in psychology and that experimental and analytic studies have uncovered the conditions under which deceptively simple heuristics can in fact make people's...

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Edition details

• Publisher: Edward Elgar Publishing
• Publication date: 2019
• ISBN 10: 1782549587
• ISBN 13: 9781782549581
• Binding: Paperback
• Language: English
• Number of pages: 608
• Editor: Altman Morris