Economic Choice Theory: An Experimental Analysis of Animal Behavior

Kagel, John H., Battalio, Raymond C., Green, Leonard

ISBN 10: 0521454883 / ISBN 13: 9780521454889

Published by Cambridge University Press, 1995

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Bibliographic Details

• Title: Economic Choice Theory: An Experimental Analysis of Animal Behavior
• Publisher: Cambridge University Press
• Publication Date: 1995
• Language: English
• ISBN 10: 0521454883
• ISBN 13: 9780521454889
• Binding: Hardcover
• Condition: Like New
• Book Type: book

About this title

Synopsis

This book details the results of the authors' research using laboratory animals to investigate individual choice theory in economics: consumer-demand and labor-supply behavior and choice under uncertainty. The use of laboratory animals provides the opportunity to conduct controlled experiments involving precise and demanding tests of economic theory with rewards and punishments of real consequence. Economic models are compared to psychological and biological choice models along with the results of experiments testing between these competing explanations.

From the Back Cover

This book details the results of the authors' research using laboratory animals to investigate individual choice theory in economics, particularly consumer-demand and labor-supply behavior and choice under uncertainty. The use of laboratory animals provides the opportunity to conduct controlled experiments involving precise and demanding tests of economic theory with rewards and punishments of real consequence. Economic models are compared with psychological and biological choice models along with the results of experiments testing between these competing explanations. Results of animal experiments are used to address questions of importance related to social policy. A number of new experimental results are reported along with summaries of the authors' previously published studies and related research.